B
y just after 12 noon on Jan. 4,
2016 — the first working day of
the New Year — Canada’s highest
paid CEOs had already earned more than
$48,600, the equivalent of the average full-
time employee’s annual salary.
In its annual examination of CEO pay in
Canada, the Canadian Centre for Policy
Alternatives (CCPA) found that the coun-
try’s top 100 CEOs made an average of
$8.96 million in 2014. According to CCPA
Research Associate Hugh Mackenzie, the
group’s total pay package “exceeds the
2014-15 budgetary deficits of every prov-
ince in Canada except Ontario, Quebec
and Newfoundland”.
Whether times are good or bad, the study
has found that CEO salaries are extremely
Day’s pay for top
CEOs exceeds
average annual
salary
12 business elite canada
H
JANUARY 2016
