Skip to content

Victor Buza

Independent Electricity System Operator/Senior Manager Senior Counsel Market Assessment Group Lead / Gestionnaire principal – Avocat-conseil principal – Chef d'équipe

2025 Salary

$224,769

Total compensation $224,983, including $215 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

#55

Independent Electricity System Operator

Years on List

9

2017–2025

Peak Salary

$224,769

2025

Full 2025 roster at Independent Electricity System Operator →·See where $224,769 ranks →

Total Compensation History

Total compensation by yearLine chart of 9 yearly values of total compensation, from $159,410 in 2017 to $224,983 in 2025.$100K$125K$150K$175K$200K$225K201720192020202220232025
Total compensation, 2017–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2017–2025

$159,347 in 2017 is worth about $200,650 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2025Senior Manager Senior Counsel Market Assessment Group Lead / Gestionnaire principal – Avocat-conseil principal – Chef d'équipeIndependent Electricity System Operator$224,769Benefits $215Total $224,983
2024Senior Counsel and Senior Manager Privacy Officer / Avocat-conseil principal et Cadre supérieur - Responsable de la protection de la vie privéeIndependent Electricity System Operator$212,828Benefits $207Total $213,035
2023Senior Counsel Legal and Freedom of Information Group Lead and Privacy Officer / Avocat-conseil principal du secteur juridique - Responsable de la liberté d'information - Agent de la protection de la vie privéeIndependent Electricity System Operator / Opérateur indépendant de réseau d'électricité$202,164Benefits $237Total $202,402
2022Senior Counsel / Avocat principalIndependent Electricity System Operator$184,723Benefits $253Total $184,977
2021Senior Legal Counsel / Conseiller juridique principalIndependent Electricity System Operator$172,490Benefits $243Total $172,733
2020Senior Legal Counsel / Conseiller juridique principalIndependent Electricity System Operator$174,364Benefits $238Total $174,602
2019Senior Legal Counsel / Conseiller juridique principalIndependent Electricity System Operator$165,333Benefits $252Total $165,585
2018Senior Legal Counsel / Conseiller juridique principalIndependent Electricity System Operator$157,541Benefits $294Total $157,835
2017Senior Legal Counsel / Conseiller juridique principalIndependent Electricity System Operator / Opérateur Indépendant De Réseau D'Électricité$159,347Benefits $64Total $159,410

Take-Home Pay
(After Tax) · 2025 estimate

Of the $224,769 Victor Buza earned in 2025, roughly $143,310 would remain after income tax, CPP and EI, an all-in deduction rate of about 36.2%. It is up about 6% on the $212,828 paid in 2024. Victor Buza has appeared on the list 9 times since 2017. Most Crown Agencies employees belong to PSPP or OPTrust, so actual take-home is likely another 7–10% lower after pension contributions.

Estimated net pay
~$143,310
Effective income-tax rate (excl. CPP/EI)
~33.8%
CPP + EI contributions
~$5,507
All-in deduction rate (incl. CPP/EI)
~36.2%

Where does $224,769 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.

Also at Independent Electricity System Operator
2025

#1Lesley Gallinger
$708,974
President and Chief Executive Officer / Président et chef de la direction
#2Charles Farmer
$428,403
Executive Vice President, Power System Development / Vice-président(e) directeur(rice) – Développement des systèmes électriques
#3Kamaljit Sohi
$426,753
Executive Vice President and Chief Operating Officer, Markets and Reliability / Chef(fe) de l’exploitation et Vice-président(e) directeur(rice) – Marchés et fiabilité
#4Carla Nell
$412,660
Executive Vice President, Corporate Relations, Engagement and Strategy / Vice-président(e) directeur(rice) – Relations de l’entreprise, engagement et stratégie
#5Alex Foord
$403,103
Executive Vice-President, Information and Technology Services and Chief Information Officer / Vice-président(e) directeur(rice) – Services d’information et de technologie et Dirigeant(e) principal(e) de l’information
#6Michael Lyle
$388,437
Executive Vice President, Legal Resources and Corporate Governance / Vice-président(e) directeur(rice) – Ressources juridiques et gouvernance d’entreprise
#7Ernest Chui
$326,815
Vice President and Chief Financial Officer, Corporate Services / Vice-président(e) et Directeur(rice) financier(ère) – Services d’entreprise
#8Michael Boll
$315,154
Senior Director, Legal Resources and Corporate Secretary / Directeur(rice) principal(e) – Ressources juridiques et Secrétaire général(e)
#9Glenn Mcdonald
$311,199
Vice President Market Assessment and Compliance / Vice-président – Évaluation des marchés et conformité
#10David Short
$304,430
Senior Director Enabling Resources Program Delivery / Directeur principal – Exécution des programmes de ressources d'habilitation
View all 1,002 employees at Independent Electricity System Operator (2025) →