According to a study by the Canadian Centre for Policy Alternatives, in 2010 the top 100 best paid executives made a salary 189 times greater than the average Canadian income, $8.8 million compared to $44,366. For most Canadians wages have stagnated or gone down when accounting for inflation, but Canada’s top CEO’s wages have increased 27% since 2009. Author of the report, economist Hugh Mackenzie believes the best way to redistribute this wealth is through taxation. Read more in the Globe and Mail.
Download the full report, Canada’s CEO Elite 100: The 0.01%, and find out how much these contenders have earned so far, at www.policyalternatives.ca/ceo.