Top CEOs still raking it in

Canadians may have been hit hard by a worldwide economic recession, but it appears Canada’s 100 highest paid CEOs are enjoying a soft landing.

Hugh Mackenzie's latest report on executive compensation shows the total average compensation for Canada's 100 highest paid CEOs was $7,300,884 in 2008—a stark contrast from the total average Canadian income of $42,305. They pocketed what takes Canadians earning an average income an entire year to make by 1:06 pm January 4—the first working day of the year.

Click here to read more and download the full report. Click here to use our CEO pay calculator to find out how quickly a top CEO will earn your salary.