Average Credit and Collections Manager Salary in Montreal, Canada for 2026

In this article, we will look at the average Credit and Collections Manager salary for 2026 in Montreal and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Canadian dollar. To keep things simple, we are using the CAD currency code instead of the currency symbol $.

How Much Does a Credit and Collections Manager Make in Montreal?

A Credit and Collections Manager working in Montreal will typically earn around 201,000 CAD per year, and this can range from the lowest average salary of about 94,300 CAD to the highest average salary of 319,600 CAD.

These are average salaries for a Credit and Collections Manager in Montreal and include benefits such as housing and transport. It's also possible for a Credit and Collections Manager to earn more or less than the average salaries shown above.

Credit and Collections Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Credit and Collections Manager Salaries in Montreal

So we've looked at the average salaries a Credit and Collections Manager will earn in Montreal. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit and Collections Manager can earn between 94,300 CAD and 319,600 CAD on average in Montreal. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Credit and Collections Manager in Montreal is 216,600 CAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 216,600 CAD, and 50% of the population earn more than 216,600 CAD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Credit and Collections Manager salary in Montreal, 25% of the population are earning less than 141,000 CAD while 75% of the population earn more than 141,000 CAD.

75% of the population earn less than 292,100 CAD, and 25% of the population earn more than 292,100 CAD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Credit and Collections Manager Salary by Experience Level in Montreal

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Credit and Collections Manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Credit and Collections Manager in Montreal that has less than two years of experience can expect to earn somewhere in the region of 105,800 CAD.
• 2 - 5 Years Experience. With two to five years of experience the average Credit and Collections Manager salary would increase to 142,100 CAD.
• 5 - 10 Years Experience. From five to ten years of experience as a Credit and Collections Manager, the average salary would be 206,300 CAD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 252,400 CAD.
• 15 - 20 Years Experience. A Credit and Collections Manager with 15 to 20 years of experience can earn an average of 276,200 CAD.
• 20+ Years Experience. For a Credit and Collections Manager with more than 20 years, the expected average salary increases to 301,800 CAD.

Average Salary by Experience Chart

Credit and Collections Manager Salary by Education Level in Montreal

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Credit and Collections Manager in Montreal based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Bachelor's Degree. A Credit and Collections Manager in Montreal with a bachelor's degree education can earn an average salary of 124,500 CAD.
• Master's Degree. A Credit and Collections Manager in Montreal with a master's degree education can earn an average salary of 235,300 CAD.

Average Salary by Education Chart

Credit and Collections Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Montreal, a male credit and collections manager will earn an average of 187,500 CAD, while a female credit and collections manager will earn around 175,200 CAD.

This means that a male credit and collections manager earns approximately 7% more than a female credit and collections manager for performing the same job.

Average Salary by Gender Chart in Montreal

Credit and Collections Manager Average Pay Raise in Montreal

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Credit and Collections Manager in Montreal is around 14% every 15 months.

The national average pay raise across all professions and industries in Canada is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 14 ÷ 15 ) × 12  = 11%

What this means is that a Credit and Collections Manager in Montreal can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Montreal for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Canada.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Credit and Collections Manager Bonus and Incentive Rates in Montreal

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Credit and Collections Manager is a high bonus based job, with 88% of employees reporting at least one bonus in the last 12 months.

12% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Canada earn approximately 6% more than private sector employees in the same role.

Salaries for Jobs Similar to a Credit and Collections Manager

In the table below, we have salary information for jobs that are similar to a Credit and Collections Manager in Montreal.

Salary Comparison by City

If you want to compare salaries with different cities in Canada, you can use the links below to explore the data for each specific city we have researched.

Salary Comparison by State

The table below includes links to the average salary for each state in Canada.