GFL Environmental CEO Patrick Dovigi, second left, is joined by BC Partners Paolo Notarnicola, left, as he rings a ceremonial bell on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. THE CANADIAN PRESS/AP/Richard Drewearned $13.2 million on average in 2023 from salaries, bonuses and other compensation, according to the Canadian Centre for Policy Alternatives.
The gap between CEOs and regular workers has grown significantly, the report found. The 100 top-paid CEOs earned on average 210 times more than the average worker did in 2023, while in 1998, they earned 104 times more. "Salaries make up an ever smaller proportion of their overall compensation," said Macdonald, adding that sometimes an executive will even take a salary of just a dollar -- including Tobi Lutke of Shopify and Murray Edwards of Canadian Natural Resources Ltd., both on 2023's list.
But the report isn't all bad news, noted Macdonald -- for example, workers' pay went up substantially in 2023 as it caught up to inflation, he said. As well, those three women on the list made on average more than the Scotts and Michaels. Another such change happened in 2021, when the federal government capped the stock option tax deduction at $200,000 a year.
The report recommends a "wealth tax" on Canadians worth more than $10 million, which it says could raise $32 billion a year. This is a much more direct approach than addressing stock options or capital gains, said Macdonald."Historically speaking, Canada's marginal tax rate for the richest is low," the report said, with the top brackets within the 70 per cent range in the postwar years, compared with roughly 50 per cent now.
With calls for Trudeau's resignation, Poilievre's Conservatives hold 26-point advantage over Liberals: Nanos Certain Ford, Acura and Land Rover models have been recalled in Canada over a variety of issues that pose a risk to drivers’ safety.Osamu Suzuki, the charismatic former boss of Suzuki Motor Corp. who helped turn the Japanese mini-vehicle maker into a globally competitive company, has died, the company said Friday. He was 94.You may have noticed a few more vanity plates on Saskatchewan roads in recent years, and every one of them comes with a personal story.
'Something that connected us all': For 53 years, Sask. family celebrates holidays with street hockey game'Cash poor' businesswoman is worth at least $20M, can pay off mortgage debt, B.C. court rules Ottawa residents will be paying more to board the bus and the O-Train, park on city streets, use City of Ottawa service and turn on the lights in 2025. CTVNewsOttawa.ca looks at 11 things that will cost you more in 2025.It used to be that on New Year’s Eve, people living along Montreal’s Lachine Canal would throw open their doors to hear the nearby factories blow their horns when the clocks struck midnight.From Leonard Cohen to Cinderella to an all-Canadian Habs v.
Officers responded to the area of Water Street North and Dickson Street around 2 a.m. Sunday after a 24-year-old man and a 26-year-old woman were assaulted.Sask. women between 47 and 49 now eligible for breast cancer screening