How much do owner operator truck drivers make in Ontario?

Owner operators in Ontario typically earn a net income of $75,000 to $125,000 annually after expenses. While gross revenue often exceeds $250,000, substantial operating costs like fuel, maintenance, and commercial insurance significantly reduce take-home pay. specialized cargo and cross-border routes generally yield higher returns.

Ontario Owner Operator Financial Breakdown

• Gross Revenue: Averages $1.60 to $2.70 per mile or 75-85% of load value, totaling $200,000-$350,000+ per year.
• Major Expenses: Fuel and maintenance consume the bulk of revenue, while commercial truck insurance costs $10,000-$20,000+ annually depending on driving history.
• Profit Margins: Successful operators retain roughly 25-35% of gross revenue as profit by managing fuel efficiency and fixed costs.

Maximizing your take-home pay requires keeping fixed expenses low. Contact us to review your owner operator insurance and ensure you are getting the most competitive rates for your CVOR status.