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What was the largest increase in disclosed pay at Financial Services Regulatory Authority of Ontario in 2025?

Financial Services Regulatory Authority of Ontario's largest increase in disclosed pay in 2025: $133,126 to $236,585, up 77.7%; it went to Christina Caldarelli. Across 187 people whose disclosed pay increased that year, the median increase was 28.5%.

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Christina Caldarelli →

Largest increase (by dollars)

$103,459

Christina Caldarelli · +77.7%

Had an increase

187

2024 → 2025

Median increase

+28.5%

among those who had one

On the list

444

2025 Sunshine List

Biggest Year-over-Year Increases
Financial Services Regulatory Authority of Ontario · 2024 → 2025

A year-over-year increase or decrease in disclosed pay can include overtime, a retroactive payment, a vacation payout or severance, not only a change in base pay, rate, or role — the Sunshine List discloses total salary paid that year, not a pay rate. This list is ranked by the dollar increase, not by the percentage shown.

Christina Caldarelli+77.7%
Senior Legal Counsel / Avocat principal
$133,126 → $236,585
Elissa Sinha+30.0%
Director, Litigation and Enforcement and Deputy General Counsel / Directrice, contentieux et application de la loi et avocate générale adjointe
$292,728 → $380,447
Jason Harris+30.7%
Director, Legal for Policy and Rule Making and Deputy General Counsel / Directeur, services juridiques pour politiques et établissement des règles et avocat général adjoint
$271,834 → $355,211
Miki Amakawa-Ly+48.8%
Director, Market Conduct Property and Casualty Insurance / Directrice, surveillance des pratiques – assurance incendie, accidents, risques divers
$132,271 → $196,793
Steve Kokaliaris+33.5%
Head, Integrated Insurance Supervision / Chef, supervision intégrée de l’assurance
$184,876 → $246,811
Thera Medcof+46.2%
Senior Manager, Life and Health Insurance Agents / Chef des agents d’assurance-vie et d’assurance-santé
$127,537 → $186,496
Rhea Tubigan+43.4%
Director, Planning and Stakeholder Relations / Directrice, planification et relations avec les intervenants
$131,694 → $188,851
Cong Wang+27.2%
Chief Actuary, Auto Insurance Operational Risk Supervision / Actuaire en chef, surveillance des risques opérationnels relatifs à l’assurance-automobile
$209,633 → $266,602
Frank Valotta+35.8%
Director, Cloud, Infrastructure and Operations / Directeur, infrastructure et opérations infonuagiques
$158,247 → $214,853
Joel Gorlick+27.8%
Director, Strategic Policy and Project Management / Directeur, politiques stratégiques et gestion de projets
$201,130 → $256,964

184 people were new to Financial Services Regulatory Authority of Ontario's list in 2025; 59 who were on it in 2024 were not. See the full 2025 roster →

Related questions

Method. Figures are salary paid, the same basis the year pages use for their movers sections. A mover is excluded from the raises above when their 2024 record was their first year at Financial Services Regulatory Authority of Ontario (a partial year, such as a September hire, that a full second year then dwarfs and misreads as an outsized raise). This page does not list pay cuts: even the province-wide 2025 Sunshine List omits cuts for its own most recent year, since a partial final year before leaving looks identical to a real cut until next year’s data arrives — that same reasoning applies to every employer, in every year, so cuts are left off this page entirely rather than showing them in some years and not others. Counts under five people show “<5”. Data runs through 2025. The 2025 figures were published here on .