David Carter
Innovation Factory/Chief Executive Officer
2025 Salary
$238,483Total compensation $243,028, including $4,545 in taxable benefits.
Source: Ontario’s Public Sector Salary Disclosure — names paid $100,000 or more that year. How we build this · Report an error on this page
At a Glance
2025
Employer Rank
#1Innovation Factory
Years on List
92016–2025
Peak Salary
$238,4832025
Full 2025 roster at Innovation Factory →·See where $238,483 ranks →
Total Compensation History
Full History
2016–2025
$187,500 in 2016 is worth about $239,778 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Chief Executive OfficerInnovation Factory | $238,483Benefits $4,545Total $243,028 |
| 2024 | Chief Executive OfficerInnovation Factory | $237,187Benefits $6,026Total $243,213 |
| 2023 | Chief Executive OfficerInnovation Factory | $217,385Benefits $1,261Total $218,646 |
| 2022 | Chief Executive OfficierInnovation Factory | $209,392Benefits $4,402Total $213,794 |
| 2021 | Executive DirectorInnovation Factory | $188,159Benefits $659Total $188,818 |
| 2019 | Executive DirectorInnovation Factory | $189,203Benefits $0Total $189,203 |
| 2018 | Executive DirectorInnovation Factory | $189,376Benefits $0Total $189,376 |
| 2017 | Executive DirectorInnovation Factory | $189,548Benefits $0Total $189,548 |
| 2016 | Executive DirectorInnovation Factory | $187,500Benefits $1,557Total $189,057 |
Take-Home Pay
(After Tax) · 2025 estimate
Take-home on David Carter's 2025 salary of $238,483 comes to roughly $150,189 once federal and Ontario income tax (about 34.7% effective) is deducted. Among those listed as Chief Executive Officer in 2025, the median was $183,562; this salary sits about 30% above it. David Carter has appeared on the list 9 times since 2016. Members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less after pension contributions, which this estimate leaves out.
- Estimated net pay
- ~$150,189
- Effective income-tax rate (excl. CPP/EI)
- ~34.7%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~37.0%
- vs. 2025 Chief Executive Officer median
- +30%
Where does $238,483 rank on the Sunshine List? →
Estimate only: 2025 federal and Ontario rates, basic personal amounts, Canada employment amount and CPP/EI credits; single, employment income only, salary treated as full-year income. Ignores pension contributions (OMERS, HOOPP, OTPP, OPTrust and similar plans lower actual take-home), union dues, RRSPs and benefits.