Jeffrey Novak
Financial Accountability Officer/Financial Accountability Officer / Directeur de la responsabilité financière
2025 Salary
$314,127Total compensation $314,511, including $383 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
#1Financial Accountability Officer
Years on List
102016–2025
Peak Salary
$318,8642024
Full 2025 roster at Financial Accountability Officer →·See where $314,127 ranks →
Total Compensation History
Full History
2016–2025
$119,589 in 2016 is worth about $152,933 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Financial Accountability Officer / Directeur de la responsabilité financièreFinancial Accountability Officer | $314,127Benefits $383Total $314,511 |
| 2024 | Financial Accountability Officer / Directeur de la responsabilité financièreFinancial Accountability Officer | $318,864Benefits $348Total $319,212 |
| 2023 | Financial Accountability Officer / Directeur de la responsabilité financièreFinancial Accountability Officer / Directeur de la responsabilité financière | $269,026Benefits $310Total $269,336 |
| 2022 | Chief Financial Analyst / Analyste financier en chefFinancial Accountability Officer | $235,263Benefits $274Total $235,537 |
| 2021 | Chief Financial Analyst / Analyste financier en chefFinancial Accountability Officer | $226,244Benefits $262Total $226,506 |
| 2020 | Chief Financial Analyst / Analyste financier en chefFinancial Accountability Officer | $249,338Benefits $252Total $249,590 |
| 2019 | Chief Financial Analyst / Analyste financier en chefFinancial Accountability Officer | $177,491Benefits $241Total $177,731 |
| 2018 | Chief Financial Analyst / Analyste financier en chefFinancial Accountability Officer | $173,000Benefits $254Total $173,253 |
| 2017 | Chief Financial Analyst / Analyste financier en chefFinancial Accountability Officer / Directeur de la responsabilité financière | $147,125Benefits $218Total $147,342 |
| 2016 | Senior Director, Financial AnalysisFinancial Accountability Officer | $119,589Benefits $181Total $119,771 |
Take-Home Pay
(After Tax) · 2025 estimate
Jeffrey Novak was paid $314,127 in 2025; after income tax, CPP and EI that is roughly $185,932, an effective income-tax rate of about 39.1%. That is about 1% less than the $318,864 paid in 2024. Jeffrey Novak has appeared on the list 10 times since 2016. Most Government of Ontario – Legislative Assembly and Offices employees belong to PSPP or OPTrust, so actual take-home is likely another 7–10% lower after pension contributions.
- Estimated net pay
- ~$185,932
- Effective income-tax rate (excl. CPP/EI)
- ~39.1%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~40.8%
Where does $314,127 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.