MaRS Innovation

Ontario Public Sector Salary Disclosure - Sunshine List 2017

Salary Name Position
$118,276.92
earned in 2016 		Michael Midmer Entrepreneur - in - Residence / Entrepreneur - en - Résidence
MaRS Innovation
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Published March 2017

Ontario Public Sector Salary Disclosure - Sunshine List 2017

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 MaRS Innovation, including:

  • Top Salaries at MaRS Innovation in the 2017 Sunshine List
  • Raphael Hofstein
    President and CEO / Président et Directeur Général
    $599,850.00
  • Joel Liederman
    Vice-President, Physical Sciences / Vice Président, Sciences de l’Ingénieur
    $258,053.92
  • Parimal Nathwani
    Vice-President, Life Sciences / Vice Président, Biotechnologie et Sciences de la vie
    $247,843.00
  • Dominic Jaikaran
    Director, Technology and Venture Development / Directeur, Développement des Technologies et des Entreprises
    $159,896.00
  • Fazila Seker
    Director, Technology and Venture Development / Directeur, Développement des Technologies et des Entreprises
    $159,896.00

2017 Ontario Sunshine List: MaRS Innovation Top Earners

Every year, the Ontario government publishes its annual Sunshine List of public sector servants with six-figure salaries. According to the document, MaRS Innovation's 14 staffers made the Sunshine List, earning total compensation of $2,507,346.49 in 2016.

At the top of the MaRS Innovation Sunshine List

Topping the list for the MaRS Innovation was President and CEO / Président et Directeur Général Raphael Hofstein, who brought home $599,850.00 in 2016.

Following Raphael Hofstein was Vice-President, Physical Sciences / Vice Président, Sciences de l’Ingénieur Joel Liederman, with annual earnings of $258,053.92. Vice-President, Life Sciences / Vice Président, Biotechnologie et Sciences de la vie Parimal Nathwani made $247,843.00, Director, Technology and Venture Development / Directeur, Développement des Technologies et des Entreprises Dominic Jaikaran made $159,896.00, and Director, Technology and Venture Development / Directeur, Développement des Technologies et des Entreprises Fazila Seker round out the top-five highest-paid employees with $159,896.00 for the MaRS Innovation 2017 Sunshine List.

Breaking down the numbers

Among employees who received more than six-figure salaries in 2016, 3 received earnings between $100,000 and $110,000 followed by 4 who received between $110,001 and $150,000 , 4 received between $150,001 and $200,000 , 1 received between $200,001 and $250,000 , 1 received between $250,001 and $300,000 , and 1 received over $300,000 at the MaRS Innovation.

  • Salary breakdown
  • 3 employees made between $100,000 to $110,000
  • 4 employees made between $110,000 to $150,000
  • 4 employees made between $150,000 to $200,000
  • 1 employee made between $200,000 to $250,000
  • 1 employee made between $250,000 to $300,000
  • 1 employee made more than $300,000

For a complete list of public sector employees who made the 2017 Sunshine List, go to Sunshine List 2017 Employees List. If you wish to analyze the list by the employer, go to Sunshine List 2017 Employers List.