Canada's 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA).
Canada's 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018,Report author and CCPA senior economist David Macdonald said that the 100 CEOS, who are mostly men, made 243 times the average Canadian worker in 2021, again beating 2018's record of 227 times.
Variable compensation is intended to be tied to company performance, he said, but the pandemic showed that's not always the case. "It's unlikely that we'll go back to the level that we saw pre-pandemic, it's likely they'll continue at much higher pay levels in 2022," he said. Previous reports had recommended getting rid of the so-called stock option deduction, where people receiving stock options as compensation would only pay tax on 50 per cent of the value of the stock options. In July 2021, a new law came into effect capping that deduction at $200,000 worth of shares, though Macdonald said it could take a few years to see the impact of this change.
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Canada’s highest-paid CEOs made average of $14.3M in 2021, shattering records: report - National | Globalnews.caThe average calculated in the report from the Canadian Centre for Policy Alternatives (CCPA), released Monday, far surpasses the previous record of $11.8 million in 2018.
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CEO pay smashed records in 2021, on track to continue as inflation remains highCanada's 100 highest-paid CEOs made an average of $14.3 million in 2021, smashing the previous record of $11.8 million set in 2018, according to the Canadian Centre for Policy Alternatives (CCPA).
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Highest-paid CEOs break compensation records in 2021: reportThe top 100 CEOs by pay earned an annual average of $14.3 million, breaking the previous record of $11.8 million set in 2018. Read more.
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By 9:43 a.m., Canada's richest CEOs have already earned the average worker's annual salary | CBC NewsAccording to a report released Tuesday by the Canadian Centre for Policy Alternatives, an Ottawa-based think-tank, the 100 best-paid chief executive officers in Canada now make 243 times what the typical worker earns: $14.3 million versus $58,800.
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