A new report from the Canadian Centre for Policy Alternatives has found that in spite of the COVID-19 pandemic, Canada's 100 highest-paid CEOs saw their total compensation rise in 2020 from the year before — reaching its second highest level in the country's history.," from the left-leaning think tank says Canada's 100 highest-paid CEOs earned an average of $10.
As well, the CCPA notes that the minimum wage required to be included in Canada’s group of 100 top-earning CEOs was $6.1 million in 2020, the third highest on record after 2019 and 2018.Of note, the CCPA highlights that the rise in CEO compensation occurred even as 35 of the companies they led received the, a federal program meant to subsidize part of an employee’s wages if an employer saw a certain drop in revenue during the pandemic.
The CCPA found that variable, or incentive-based, compensation rose to more than 80 per cent of total compensation from roughly 70 per cent a decade ago, with direct shares becoming the dominant form of CEO bonus compensation and salaries becoming less important. on stock options issued by certain employers to the first $200,000. Had this limit been in place in 2020, the CCPA says 71 of the year's highest-paid CEOs would have exceeded it, but instead saved $63.4 million due to this one "loophole."
Finance Minister Chrystia Freeland also has been tasked with creating a minimum 15 per cent tax rule for top-bracket earners, stopping various tax loopholes, helping the Canada Revenue Agency combat tax avoidance, and raising corporate income tax for banks and insurance companies that make more than $1 billion.Of the 100 highest-paid CEOs, Canopy Growth CEO David Klein topped the list, earning more than $45.
His total compensation by the company’s fiscal year-end for 2021, or March 31, totalled nearly $3.7 million, the company says, including $1.29 million in base salary and $2.24 million in non-equity incentive plan compensation.
privilege aside, 4 those who strived without advantage 2 achieve this level of success, should they not B a model 4 others on what 1can accomplish? A reference 2 our children when discussing the future? Why should they b publicly crucified? 🤔 whatamimissing &no I'm not a CEO
FairTaxCanada Claw back CEWS, tax the rich, close tax loopholes, seize capital assets, bury their lawyers in a mountain of paperwork, and spit in their collective eye.
Wow
Go figure. Trudeau also last year during Covid approved a raise for himself and his cabinet
And this is why people think COVID was Made on purpose
What a relief! I was really worried for them.
Nothing to see here folks. Just keep focusing on why those lazy minimum wage workers would like to afford food and a place to live.
Provide the full list of top 100 CEOs and earnings
I call it theft, they call it inflation!!
JustinTrudeau well Canadian struggling to make ends meet you’re good friends are getting bonuses how much is getting donated to the liberal party? don’t tell me you’re going to do anything to tax the rich you gave loblaws $12 million for freezers they make 1 billion a year plus
How much did small independent business owners make?
Sickening.
No surprise
How much does Doug Ford make from Deco Labels or does his idiot brother Randy slide him an envelope every month. Doug Fraud needs to release Deco Labels income statements for the last 3yrs. fordnation DecoLabels
Class warfare don't be surprised if this continues more and more every year. Great reset is happening now wake up people.
liberal_party be like: this level of wealth inequality is good for the economy! Tax breaks and bailouts for them!
BoycottLoblaws until they reinstate pandemic pay to their workers!!! Boycott LoblawsON LoblawsCarlton
It's almost as if they are insensitived to keep things as they are.
clickbait
thatsok forthe responsibility
Tax them.