Chief Financial Officer Salary in Ontario (2025)
1,735 disclosed records, 1996–2025 · mostly Other Public Sector Employers (43%)
At a Glance
2025
Disclosed
136
2025 Sunshine List
Median Salary
$175,869
+43.8% vs provincial median
Typical Range
$146,057–$211,758
25th–75th percentile
Top Salary
$434,527
Who was the highest-paid employee under the title "Chief Financial Officer" in Ontario in 2025?
The highest-paid record grouped under the title "Chief Financial Officer" on the 2025 Sunshine List was Jennifer L Gray at Metrolinx, with a salary of $434,527; the median among the 136 listed under this title was $175,869.
Take-Home Pay
(After Tax) · 2025 estimate
At the 2025 median salary of $175,869, a Chief Financial Officer keeps roughly $118,121 after income tax, CPP and EI (about 32.8% all-in), or about $9,843 a month. Half of those listed earned between $146,057 and $211,758. 136 people were listed under this title in 2025. That is about 44% above the 2025 median across the whole list, $122,262. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$118,121
- Effective income-tax rate (excl. CPP/EI)
- ~29.7%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~32.8%
- Per month, after tax
- ~$9,843
Where does $175,869 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.
Median by Year
2005–2025
Highest Paid
2025
| # | Name | Salary | Total |
|---|---|---|---|
| 1 | Jennifer L GrayChief Financial Officer / Chef des finances | $434,527 | $436,028 |
| 2 | Faith ForbesChief Financial Officer | $425,534 | $436,088 |
| 3 | Muneeb ChaudharyChief Financial Officer | $376,364 | $376,686 |
| 4 | Lisa TaylorChief Financial Officer | $335,897 | $355,732 |
| 5 | Deborah A. SevenpiferChief Financial Officer | $334,371 | $335,023 |
| 6 | Qiuju ChenChief Financial Officer | $332,774 | $333,721 |
| 7 | Elham RoushaniChief Financial Officer/Directeur général des finances | $321,200 | $324,304 |
| 8 | Joanne MckeeChief Financial Officer | $317,750 | $318,980 |
| 9 | Inna KravitzChief Financial Officer/Chef des services financiers | $311,640 | $311,742 |
| 10 | Inna KravitzChief Financial Officer/ Directrice générale des finances | $310,154 | $311,142 |
By Year
Related Positions
About these figures
Source: Ontario’s Public Sector Salary Disclosure (the “Sunshine List”), which names every public-sector employee paid $100,000 or more in a calendar year. Figures are disclosed salaries, not market compensation: anyone in this position earning under $100,000 does not appear, so medians here sit above the true median for the job.
Medians and percentiles use salary paid (benefits excluded), computed over records whose filed job title was normalized into this position. Titles are as each employer filed them; spellings, word order and bilingual forms are merged. Employers and years with fewer than five people show counts only. Titles before 2005 were abbreviated at source; the chart starts at 2005.
Data through 2025, the most recent Sunshine List disclosed.