This report looks at 2013 compensation levels for Canada’s highest paid 100 CEOs and finds that executive pay in Canada has rebounded to its pre-recession glory days. The review finds that the CEOs pocketed an average $9.2 million—compared to the average Canadian income of $47,358. The last time CEO pay was this high was in 2007, when the average for the highest paid 100 CEOs was $10 million.
The report also assesses the poor record of voluntary restraint and shareholder activism in reining in CEO compensation. It concludes that it is time to consider simple tax measures that provide a much more effective approach to closing the income gap in Canada.