The Ontario Sunshine List - Public Sector Salary Disclosure

The names, positions, salaries and total taxable benefits of public sector employees paid $100,000 or more in a calendar year.

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Raphael Hofstein

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Raphael Hofstein served as the President And Chief Executive Officer at MaRS Innovation in 2017, received an annual salary of $537,685.00 and a taxable benefit of $11,706.72, as indicated by the Government of Ontario's Sunshine list. Raphael has held the same position since 2017 has been receiving six-figure yearly compensation.

$549,391.72

Total paid in 2017

$537,685.00

Salary

$11,706.72

Taxable Benefit

Gender: Male
Male
Very high confidence

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Job Title :   President And Chief Executive Officer
Employer :   MaRS Innovation
Sector :   Other Public Sector Employers
Year :   2017

Comparing peers in identical roles within the organization

$549K
Low: $549K Avg: $549K High: $549K

Comparison with other individuals in similar positions in Ontario

$549K
Low: $101K Avg: $306K High: $1,561K
Bottom 90% Below Average Above Average Top 10%

Between 2016 and 2017, Raphael experienced an average annual decrease of approximately 10.18% in annual salary, including taxable benefits at MaRS Innovation. By 2017, Raphael's total pay had fallen by 10.18% compared to the pay in 2016. Additional information can be found in the chart and table presented below.

Yearly Total Paid

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Year Job Title Salary Taxable Benefit Raise
2017 President And Chief Executive Officer $537,685 $11,707 -10.18%
2016 President And CEO $599,850 $11,788

The 2017 Sunshine List has employee who held exactly same position title ( President And Chief Executive Officer ) in the MaRS Innovation.

Full Name Salary Taxable Benefit
Raphael Hofstein $537,685 $11,707

The 2017 Sunshine List has 260 employees who held comparable positions in Ontario.

10 out of 260 employees

Full Name Job Title Employer Total Paid
Jeffrey Lyash President And Chief Executive Officer Ontario Power Generation $1,561,321
Bruce Campbell President And Chief Executive Officer Independent Electricity System Operator $750,118
Mark Fuller President And Chief Executive Officer Ontario Public Service Pension Board (Ontario Pension Board) $745,894
William Reichman President And Chief Executive Officer Baycrest Centre For Geriatric Care $730,310
Jill Pepall Executive Vice President And Chief Investment Officer Ontario Public Service Pension Board (Ontario Pension Board) $721,671
Michael Apkon President And Chief Executive Officer The Hospital for Sick Children $740,281
Peter Pisters President And Chief Executive Officer University Health Network $791,458
David Pichora President And Chief Executive Officer Kingston Health Sciences Centre $716,677
David Samuel Hillier President And Chief Executive Officer Shepherd Village Inc $711,972
Barry Mclellan President And Chief Executive Officer Sunnybrook Health Sciences Centre $743,875