Ontario Financing Authority
Ontario Public Sector Salary Disclosure - Sunshine List 2022
- Employees: 106
- Positions: 78
- Sum of all salaries: $15,814,427.31
-
Year:
Ontario Public Sector Salary Disclosure - Sunshine List 2022
The Public Sector Salary Disclosure Act, 1996 makes Ontario’s public sector more open and accountable to taxpayers. The act requires organizations that receive public funding from the Province of Ontario to make public, by March 31 each year, the names, positions, salaries and total taxable benefits of employees paid $100,000 or more in the previous calendar year.
At SunshineListStats.com, we rank employees from organizations that received public funding from the Province of Ontario and earn over $100,000 per year, including total taxable benefits.
This year's sunshine list includes the top earners in Ontario Financing Authority, including:
Highest salaries in the Sunshine List 2022 at Ontario Financing Authority
-
Chief Executive Officer$653,831.02
-
Executive Director and Chief Investment Officer$500,313.18
-
Director, Debt Management$349,995.38
-
Director, Funding$349,995.38
-
Chief Financial and Risk Officer$277,508.98
2022 Ontario Sunshine List: Ontario Financing Authority Top Earners
Every year, the Ontario government publishes its annual Sunshine List of public sector servants with six-figure salaries. According to the document, Ontario Financing Authority's 106 staffers made the Sunshine List, earning total compensation of $15,814,427.31 in 2021.
At the top of the Ontario Financing Authority Sunshine List
Topping the list for the Ontario Financing Authority was Chief Executive Officer Gadi Mayman, who brought home $653,831.02 in 2021.
Following Gadi Mayman was Executive Director and Chief Investment Officer Michael Manning, with annual earnings of $500,313.18. Director, Debt Management David Peters made $349,995.38, Director, Funding James Devine made $349,995.38, and Chief Financial and Risk Officer Ken Kandeepan round out the top-five highest-paid employees with $277,508.98 for the Ontario Financing Authority 2022 Sunshine List.
Breaking down the numbers
Among employees who received more than six-figure salaries in 2021, 26 received earnings between $100,000 and $110,000 followed by 52 who received between $110,001 and $150,000 , 14 received between $150,001 and $200,000 , 8 received between $200,001 and $250,000 , 2 received between $250,001 and $300,000 , and 4 received over $300,000 at the Ontario Financing Authority.
Salary breakdown
- 26 employees made between $100,000 to $110,000
- 52 employees made between $110,000 to $150,000
- 14 employees made between $150,000 to $200,000
- 8 employees made between $200,000 to $250,000
- 2 employees made between $250,000 to $300,000
- 4 employees made more than $300,000
For a complete list of public sector employees who made the 2022 Sunshine List, go to Sunshine List 2022 Employees List. If you wish to analyze the list by the employer, go to Sunshine List 2022 Employers List.
Sunshine List Resources
Here are the Frequently Asked Questions about the Ontario Sunshine List.
The Ontario Sunshine List is the Ministry of Finance's listing of salary, benefits, and severance information. The Ontario Sunshine List is the province's annual list of public sector employees and publicly-funded agency employees paid more than $100,000 annually. For a complete list of names, go to SunhineListStats.com
In 1996 the Ontario Sunshine List began as a way to ensure accountability to taxpayers through Ontario's Public Sector Salary Disclosure Act. The annual list of public sector employees who earn over $100,000 per year or greater.
In 2021 Kenneth Hartwick, the Chief Executive Officer of Ontario Power Generation, led the pack by making $1,628,246. Interestingly, Ontario Power Generation employees made up the top four positions of the highest earners on the Sunshine List.
SunhineListStats.com aims to spotlight government spending and public funding to create awareness of where your money is being spent as a taxpayer. It lets taxpayers compare the performance of an organization with the compensation given to the people running it.
No, the Ontario Sunshine List does not include non-taxable benefits such as pension costs. The Sunshine List includes salaries and taxable benefits.
The Ontario Sunshine List is calculated by using a list of taxable salary, benefits, and severance information.
Yes, the Sunshine List does include bonuses, salaries, overtime, severances, and benefits.
In Ontario, teachers earn a salary between $51,263 and $94,612 per year in 2021.
Toronto mayor John H. Tory made $202,949.20 per year in 2021, according to the Ministry of Finance's Ontario Sunshine List public sector salary disclosure.
Every year Ontario government publishes its annual Sunshine List of public sector servants, which includes nurses, teachers, police officers, and firefighters, with six-figure salaries. In Ontario, 244,390 staffers made the list, earning a total salary of $30,240,295,606.44 (more than thirty billion) in 2021.
In 2021 there were approximately 244,00 people on the Sunshine List making more than $100,000 per year. This is an increase of approximately 19% or 39,000 people over the 2020 Sunshine List.
The Ontario Sunshine List aims to shed light on government expenditures. The Sunshine List also helps the Ministry of Finance identify public sector employees who earn over $100,000 in salary and above.
Ontario's Public Sector Salary Disclosure Act aims to provide transparency to taxpayers and accountability to the Ontario government regarding hiring practices. Public sector employees earn over $100,000 annually, so taxpayers are naturally interested in how and where their money is being spent. The Ontario Sunshine List is a resource to give taxpayers insight into the use of public funds.
Ontario's Public Sector Salary Disclosure Act aims to provide transparency to taxpayers and accountability to the Ontario government regarding hiring practices. Public sector employees earn over $100,000 annually, so taxpayers are naturally interested in how and where their money is being spent. The Ontario Sunshine List is a resource to give taxpayers insight into the use of public funds.
Yes, the Ontario Sunshine List includes bonuses, as these are taxable benefits.
The $100,000 annual income is calculated before taxes. If these public sector employees are paid $100,000 or more, then the total of these taxable benefits has to be disclosed.
Doug Ford made $208,974.00 in 2021, although the average range for public sector employees in this category on the Sunshine List is $100,000 to $180,000 annually.
In 2021 the adjusted inflation rate of 3.36% brought the Sunshine List threshold to $159,300.