Raymond Newal
MaRS Discovery District/Vice President, Ecosystem and Capital
2022 Salary — last year on the list
$139,874Total compensation $144,243, including $4,368 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
2022
Employer Rank
#37MaRS Discovery District
Years on List
22021–2022
Peak Salary
$216,6672021
Full 2022 roster at MaRS Discovery District →·See where $139,874 ranks →
Total Compensation History
Full History
2021–2022
$216,667 in 2021 is worth about $251,248 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2022 | Vice President, Ecosystem and CapitalMaRS Discovery District | $139,874Benefits $4,368Total $144,243 |
| 2021 | Vice President, Ecosystem and CapitalMaRS Discovery District | $216,667Benefits $7,371Total $224,038 |
Take-Home Pay
(After Tax) · 2022 estimate
Of the $139,874 Raymond Newal earned in 2022, roughly $95,731 would remain after income tax, CPP and EI, an all-in deduction rate of about 31.6%. Within MaRS Discovery District, Raymond Newal's total compensation of $144,243 was the #37 of 75, against a median salary of $138,588. It is down about 35% from the $216,667 paid in 2021. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$95,731
- Effective income-tax rate (excl. CPP/EI)
- ~28.4%
- CPP + EI contributions
- ~$4,453
- All-in deduction rate (incl. CPP/EI)
- ~31.6%
Where does $139,874 rank on the Sunshine List? →
Estimate only: 2022 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.