Ontario Financing Authority

Ontario Public Sector Salary Disclosure - Sunshine List 2022

Salary Name Position
$164,092.53
earned in 2021
Alexander Kraas Manager, Risk Policy and Analysis
Ontario Financing Authority
$133,855.78
earned in 2021
Alfonso Soriano Manager, Cash Management
Ontario Financing Authority
$100,507.48
earned in 2021
Andrea Dalgarno Document and Analysis Specialist
Ontario Financing Authority
$132,034.50
earned in 2021
Andrew Chan Manager, Settlements and Electricity Financial Reporting
Ontario Financing Authority
$118,398.90
earned in 2021
Angela Iuliano Manager, Financial Analysis and Modelling
Ontario Financing Authority
$115,468.62
earned in 2021
Angie Georgakakos Senior Advisor
Ontario Financing Authority
$115,468.62
earned in 2021
Anthony Candido Senior Technical Architect
Ontario Financing Authority
$113,964.54
earned in 2021
Anuj Khurana Systems Integrator
Ontario Financing Authority
$122,193.33
earned in 2021
Arie Jarczyn Senior Investment Analyst
Ontario Financing Authority
$166,390.64
earned in 2021
Bonnie Lemcke Manager, Credit and Rating Relations
Ontario Financing Authority
$182,150.70
earned in 2021
Brett Kichiy Manager, Investments
Ontario Financing Authority
$140,544.90
earned in 2021
Brian Scott Manager, Business Services
Ontario Financing Authority
$238,595.78
earned in 2021
Carlos Yep Senior Manager, Funding
Ontario Financing Authority
$167,054.94
earned in 2021
Caroline Maria Swerdlyk Legal Counsel
Ontario Financing Authority
$259,334.18
earned in 2021
Caryl Silver Director
Ontario Financing Authority
$109,763.05
earned in 2021
Chi-Wa Che Senior Risk Control Analyst
Ontario Financing Authority
$116,526.51
earned in 2021
Christina Zhang Trader, Funding
Ontario Financing Authority
$138,376.60
earned in 2021
Christopher Pearce Director, Strategic Investment and Optimization
Ontario Financing Authority
$182,989.70
earned in 2021
Craig Walsh Manager, Financial Engineering
Ontario Financing Authority
$141,435.74
earned in 2021
Darren Scanlan Senior Manager, Financial Advisory Services
Ontario Financing Authority
Page 1 of 6 - Total result: 106
Published March, 2022

Ontario Public Sector Salary Disclosure - Sunshine List 2022

Welcome to the SunshineListStats.com, where we rank employees from organizations that received public funding from the Province of Ontario who 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 Sunshine List: Ontario Financing Authority top earners

Every year by March 31, Ontario government publishes its annual Sunshine List of public sector servants with six-figure salaries. According to the document, at the Ontario Financing Authority 106 staffers made the list, earning a total salary of $15,814,427.31 in 2021.

At the top of the 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, who had 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 between 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 analyse the list by 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 $100,000,000 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 make a salary between $51,263 and $94,612 per year in 2021.

Toronto mayor John 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 $100,000,000 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 $100,000,000 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 $100,000,000 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 $100,000,000 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 $100,000,000 annual income is calculated before taxes. If these public sector employees are paid $100,000,000 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 $100,000,000 to $180,000 annually.

In 2021 the adjusted inflation rate of 3.36% inflation brought the Sunshine List threshold to $159,300.