Margaret Karpenko
Corporation of the City of North Bay/Chief Financial Officer Treasurer
2025 Salary
$188,711Total compensation $189,961, including $1,250 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
#6Corporation of the City of North Bay
Years on List
152011–2025
Peak Salary
$188,7112025
Full 2025 roster at Corporation of the City of North Bay →·See where $188,711 ranks →
Total Compensation History
Full History
2011–2025
$128,111 in 2011 is worth about $175,445 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Chief Financial Officer TreasurerThe Corporation of the City of North Bay | $188,711Benefits $1,250Total $189,961 |
| 2024 | Chief Financial Officer TreasurerThe Corporation of the City of North Bay | $187,554Benefits $1,713Total $189,267 |
| 2023 | Chief Financial Officer TreasurerThe Corporation of the City of North Bay | $184,291Benefits $1,737Total $186,027 |
| 2022 | Chief Financial OfficerThe Corporation of the City of North Bay | $181,514Benefits $1,604Total $183,118 |
| 2021 | Chief Financial OfficerCity Of North Bay | $181,497Benefits $1,548Total $183,045 |
| 2020 | Chief Financial OfficerCity Of North Bay | $179,272Benefits $1,502Total $180,774 |
| 2019 | Chief Financial OfficerCity Of North Bay | $172,573Benefits $1,569Total $174,143 |
| 2018 | Chief Financial OfficerCity of North Bay | $170,031Benefits $1,451Total $171,481 |
| 2017 | Chief Financial OfficerCity of North Bay | $167,517Benefits $1,217Total $168,734 |
| 2016 | Chief Financial OfficerCity of North Bay | $165,040Benefits $1,145Total $166,185 |
| 2015 | Chief Financial OfficerCity of North Bay | $161,813Benefits $1,121Total $162,934 |
| 2014 | Chief Financial OfficerCity of North Bay | $158,646Benefits $1,326Total $159,973 |
| 2013 | Chief Financial OfficerCity of North Bay | $152,251Benefits $1,293Total $153,545 |
| 2012 | Chief Financial OfficerCity of North Bay | $141,681Benefits $1,055Total $142,736 |
| 2011 | Chief Financial OfficerCity of North Bay | $128,111Benefits $954Total $129,066 |
Take-Home Pay
(After Tax) · 2025 estimate
Margaret Karpenko was paid $188,711 in 2025; after income tax, CPP and EI that is roughly $124,865, an effective income-tax rate of about 30.9%. Compared with 2024, when the figure was $187,554, that is a rise of about 1%. Records under this name have appeared on the Sunshine List 15 years in all, first in 2011. After pension contributions (probably OMERS in this sector), take-home is usually a further 7–10% lower.
- Estimated net pay
- ~$124,865
- Effective income-tax rate (excl. CPP/EI)
- ~30.9%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~33.8%
Where does $188,711 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.