Another Year in Paradise

CEO pay in 2020
January 4, 2022
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Canada's top CEOs had another fruitful year, this time amid the misery of the COVID-19 pandemic. 

The country's 100 highest-paid CEOs from the S&P/TSX Composite recorded their second best year ever for compensation in 2020, according to the report.

These executives got paid an average of $10.9 million in 2020. They now make 191 times more than the average worker wage in Canada.

Among the richest 100 CEOs: 30 CEOs headed companies that received the Canada Emergency Wage Subsidy, 14 saw their bonuses changed to protect them from the impact of COVID-19, and five experienced both.

The report recommends a range of policy solutions to tackle extreme wealth inequality.