Canada · Public Sector Salary DisclosureEdition 2025
RN
On the 2022 Sunshine List · 2 years

Raymond Newal

Vice President, Ecosystem and Capital · MaRS Discovery District
2022 Total Compensation Paid
$144,242.56
▼ 35.6% since 2021

Raymond Newal was paid $144,242.56 in total compensation as Vice President, Ecosystem and Capital at MaRS Discovery District in 2022, 44% above Ontario's $100,000.00 Sunshine List threshold.

Raymond Newal has appeared on the Ontario Sunshine List 2 times since 2021, earning $368K in combined disclosed pay — an average of $184,140.00 a year, down 36% over that span.

That is 4% below the average disclosed pay of $150,021.88 across 42 listed MaRS Discovery District employees.

$144,242.56
Latest compensation
in 2022
$368K
Total compensation
across 2 years
$184,140.00
Average / year
while on Sunshine List
-35.6%
Career growth
since 2021
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FIG. 01

2 years on the list

Annual total compensation (CAD) — hover to inspect.

$130K$156K$182K$208K$234K20212022
FIG. 02

The career in numbers

Totals, averages, and the biggest moves — all total compensation.

A career, year by year.

How Raymond Newal's total compensation has moved across 2 years on the Ontario Sunshine List.

Highest year2021 · $224,037.86
Lifetime total compensation$368K
Annual average$184,140.00
Total growth since 2021-35.6%
Biggest drop-35.6% (2022)
FIG. 03

Year-by-year history

2 years on the Sunshine List.

YearPositionTotal CompensationChange
2022Latest
Vice President, Ecosystem and Capital$144,242.56▼ 35.6%
2021First★ Best
Vice President, Ecosystem and Capital$224,037.86
2 years total$368K total$184,140.00 avg
FIG. 04

The record

Source data and how to request a correction.

Employee details

Position
Vice President, Ecosystem and Capital
Sector
Province
Ontario
First appeared
2021
Latest disclosure
2022
Years on list
2

Data source

Salary data is published annually by the Ontario government under the Public Sector Salary Disclosure Act. Only employees earning $100,000+ are disclosed.

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