Federer has extended his North American winning streak to 54 matches, dating back to Aug. 3, 2004, when he lost to Dominik Hrbaty in Cincinnati.
The Rogers Masters was his 18th straight appearance in a tournament final, tying Ivan Lendl's ATP Tour record.
The Swiss star picked up $400,000 for the victory. Gasquet earned $200,000 for reaching the final.
Notable deaths of 2014 [PHOTOS]
Arizona Cardinals player formally charged