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Ernie Sersen

Cambridge Memorial Hospital/Director, Finance

2023 Salary — last year on the list

$137,610

Total compensation $137,972, including $362 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
2023

Employer Rank

#51

Cambridge Memorial Hospital

Years on List

12

2012–2023

Peak Salary

$150,412

2020

Full 2023 roster at Cambridge Memorial Hospital →·See where $137,610 ranks →

Total Compensation History

Total compensation by yearLine chart of 12 yearly values of total compensation, from $120,125 in 2012 to $137,972 in 2023.$100K$120K$140K$160K201220142016201920212023
Total compensation, 2012–2023. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2012–2023

$119,660 in 2012 is worth about $161,448 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2023Director, FinanceCambridge Memorial Hospital$137,610Benefits $362Total $137,972
2022Director, FinanceCambridge Memorial Hospital$147,782Benefits $819Total $148,601
2021Director, FinanceCambridge Memorial Hospital$146,324Benefits $691Total $147,015
2020Director, FinanceCambridge Memorial Hospital$150,412Benefits $731Total $151,143
2019Director, FinanceCambridge Memorial Hospital$143,099Benefits $597Total $143,697
2018Director - FinanceCambridge Memorial Hospital$140,777Benefits $638Total $141,415
2017Director FinanceCambridge Memorial Hospital$138,833Benefits $629Total $139,462
2016Director, FinanceCambridge Memorial Hospital$136,924Benefits $589Total $137,513
2015Director, FinanceCambridge Memorial Hospital$135,039Benefits $513Total $135,552
2014Director, FinanceCambridge Memorial Hospital$129,217Benefits $490Total $129,706
2013Director, FinanceCambridge Memorial Hospital$123,425Benefits $471Total $123,897
2012Director, FinanceCambridge Memorial Hospital$119,660Benefits $465Total $120,125

Take-Home Pay
(After Tax) · 2023 estimate

Ernie Sersen was paid $137,610 in 2023; after income tax, CPP and EI that is roughly $95,528, an effective income-tax rate of about 27.1%. Compared with 2022, when the figure was $147,782, that is a drop of about 7%. Records under this name have appeared on the Sunshine List 12 years in all, first in 2012. Most Hospitals & Boards of Public Health employees belong to HOOPP, so actual take-home is likely another 7–10% lower after pension contributions.

Estimated net pay
~$95,528
Effective income-tax rate (excl. CPP/EI)
~27.1%
CPP + EI contributions
~$4,756
All-in deduction rate (incl. CPP/EI)
~30.6%
vs. 2023 Director, Finance median
+6%

Where does $137,610 rank on the Sunshine List? →

Estimate only: 2023 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.

Also at Cambridge Memorial Hospital
2023

View all 286 employees at Cambridge Memorial Hospital (2023) →