Vice President Finance and Chief Financial Officer Salary in Ontario (2025)
154 disclosed records, 2006–2025 · mostly Hospitals & Boards of Public Health (77%)
Last filed under this title in 2025. Fewer than 20 records in the latest Sunshine List, so this page is kept for history.
At a Glance
2025
Disclosed
11
2025 Sunshine List
Median Salary
$270,727
+121.4% vs provincial median
Typical Range
$190,238–$308,608
25th–75th percentile
Top Salary
$414,971
Who is the highest-paid Vice President Finance and Chief Financial Officer in Ontario?
The highest-paid Vice President Finance and Chief Financial Officer on the 2025 Sunshine List was Young Lee at The Hospital For Sick Children, with a salary of $414,971; the median among the 11 listed under this title was $270,727.
Take-Home Pay
(After Tax) · 2025 estimate
At the 2025 median salary of $270,727, a Vice President Finance and Chief Financial Officer keeps roughly $165,764 after income tax, CPP and EI (about 36.7% effective), or about $13,814 a month. Across every sector the 2025 median was $122,262, so this position sits about 121% above it. The middle half of Vice President Finance and Chief Financial Officer salaries ran from $190,238 to $308,608. After pension contributions (probably HOOPP in this sector), take-home is usually a further 7–10% lower.
- Estimated net pay
- ~$165,764
- Effective income-tax rate (excl. CPP/EI)
- ~36.7%
- CPP + EI contributions
- ~$5,507
- Per month, after tax
- ~$13,814
Where does $270,727 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
Median salary paid among disclosed records. 2023 is absent: job titles were not disclosed that year. Years with fewer than five people are omitted.
Highest Paid
2025
| # | Name | Employer | Title as filed | Salary | Total |
|---|---|---|---|---|---|
| 1 | Young Lee | The Hospital For Sick Children | Vice President, Finance and Chief Financial Officer | $414,971 | $416,056 |
| 2 | Amit Bansal | Hamilton Health Sciences | Vice President, Finance and Chief Financial Officer | $319,209 | $330,414 |
| 3 | Michele Beals | Sunnybrook Health Sciences Centre | Vice President, Finance and Chief Financial Officer | $308,608 | $339,415 |
| 4 | Sandra Chiu | Toronto East General Hospital | Vice President Finance and Chief Financial Officer | $303,859 | $304,829 |
| 5 | Raymond Lam | Salvation Army Toronto Grace Health Centre | Vice President Finance and Chief Financial Officer | $277,063 | $277,935 |
| 6 | Corinne Wong | University Health Network | Vice President, Finance and Chief Financial Officer | $270,727 | $271,973 |
| 7 | Paul Santin | Baycrest Corporate Centre For Geriatric Care | Vice President, Finance and Chief Financial Officer | $261,215 | $262,112 |
| 8 | Gregory Finnamore | Ottawa Community Housing Corporation | Vice President, Finance and Chief Financial Officer | $209,426 | $215,686 |
| 9 | Robert Lovecky | Alexandra Marine And General Hospital | Vice President Finance and Chief Financial Officer | $190,238 | $190,863 |
| 10 | Juan Arangote | Bellwoods Centres For Community Living Inc | Vice President, Finance/Chief Financial Officer | $153,491 | $163,434 |
By Year
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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. 2023: job titles were not disclosed, so that year has no position data.
Data through 2025, the most recent Sunshine List disclosed.