David Lobo
Ontario Cannabis Retail Corporation/President and Chief Executive Officer – Executives / Président et directeur général
2025 Salary
$428,731Total compensation $442,361, including $13,630 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
#1Ontario Cannabis Retail Corporation
Years on List
72019–2025
Peak Salary
$432,7752022
Full 2025 roster at Ontario Cannabis Retail Corporation →·See where $428,731 ranks →
Total Compensation History
Full History
2019–2025
$177,406 in 2019 is worth about $214,192 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | President and Chief Executive Officer – Executives / Président et directeur généralOntario Cannabis Retail Corporation | $428,731 |
| 2024 | President and Chief Executive Officer - Executives / Président et directeur général - CadresOntario Cannabis Retail Corporation | $404,226 |
| 2023 | President and Chief Executive Officer / Président et chef de la directionOntario Cannabis Retail Corporation / Société Ontarienne De Vente Du Cannabis | $414,599 |
| 2022 | President and Chief Executive Officer / Président et chef de la directionOntario Cannabis Retail Corporation | $432,775 |
| 2021 | President and Chief Executive Officer / Président et chef de la directionOntario Cannabis Retail Corporation | $337,638 |
| 2020 | Chief Merchandising Officer / Directeur général de MarchandisageOntario Cannabis Retail Corporation | $219,349 |
| 2019 | Vice President, Corporate Affairs and Social Responsibility and Chief of Staff / Vice-pr�sidente, Affaires corporatives et responsabilit� sociale et m�decin-chefOntario Cannabis Retail Corporation | $177,406 |
Take-Home Pay
(After Tax) · 2025 estimate
In 2025, David Lobo's $428,731 salary works out to roughly $239,189 after income tax, CPP and EI — an all-in deduction rate of about 44.2%. That is about 6% more than the $404,226 paid in 2024. David Lobo has appeared on the list 7 times since 2019. Pension contributions — likely PSPP or OPTrust in the Crown Agencies sector — would typically trim another 7–10% off that figure.
- Estimated net pay
- ~$239,189
- Effective income-tax rate (excl. CPP/EI)
- ~42.9%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~44.2%
Where does $428,731 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.