Office towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. A new report by the Canadian Centre for Policy Alternatives says the average amount paid to the country’s top chief executives in 2019 was down from 2018, but was still more than 200 times the average worker compensation.THE CANADIAN PRESS/Adrien Veczan

Office towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. A new report by the Canadian Centre for Policy Alternatives says the average amount paid to the country’s top chief executives in 2019 was down from 2018, but was still more than 200 times the average worker compensation.THE CANADIAN PRESS/Adrien Veczan

Top CEO pay in 2019 fell, but still more than 200 times average workers: CCPA report

The average individual income in Canada for 2019 was $53,482, up from $52,061 in 2018

A new report by the Canadian Centre for Policy Alternatives says the average amount paid to the country’s top chief executives in 2019 was down from 2018, but still more than 200 times the average worker compensation.

The annual report says the average pay of a top-100 CEO in 2019 was $10.8 million, down from a record high of $11.8 million in 2018.

It says the decline was largely accounted for by several CEOs receiving extremely high compensation packages in 2018, compared to 2019.

Meanwhile, the average individual income in Canada for 2019 was $53,482, up from $52,061 in 2018.

The ratio of the average top-100 CEO compared with average individual income was 202 to one for 2019 compared with 227 to one in 2018.

The report says that means by 11:17 a.m. on the first workday of the year, the average top-100 CEO made as much money as the average Canadian worker would make all year.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Coronaviruseconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Toronto’s Mass Vaccination Clinic is shown on Sunday January 17, 2021. THE CANADIAN PRESS/Frank Gunn
Interior Health reports 2 more deaths, 83 new COVID-19 cases

Health authority also identifies new virus cluster in Fernie

RCMP released this photo on Jan. 27, 2021 of Terrance Jones, 40, a Caucasian man with a closely shaved head, brown eyes, dirty blonde or brown hair, and a thin mustache and beard. The inside of his right arm is covered in tattoos, including one of a face. (Kamloops RCMP photo)
RCMP want public’s help to locate Sicamous man wanted on charge of attempted murder

Man was arrested previously on Jan. 11 for allegedly breaching conditions of release

The first plan for the city from the new Visitor Services Strategy for Salmon Arm will be to move visitor services to city hall. (File photo)
Salmon Arm to move visitor services to city hall, considers tourism revamp

Consultant’s visitor services strategy points to need for recognition of tourism’s importance

A pair of Okanagan Regional Library reference librarians have created a podcast called Hard Cover that takes a zany but informative look at books, libraries and librarians. (File photo)
Okanagan reference librarians produce quirky podcast

Davin Helkenberg and Peter Critchley are behind Hard Cover

Shuswap Ringette U16 team athletes: Brianna Congdon, Mackenzie Packer, Brooklyn Wright, Sequoia Robinson, Camryn Petty, Alecia Hughes, Kaelah Riley and Kellan Mooney. The team photo was photoshopped together by the team manager in order to maintain physical distancing due to COVID-19 restrictions. (Contributed)
Shuswap Ringette players shine in skills competition

Shuswap Ringette’s U16 squad earns highest scoring team in the province

British Columbia Health Minister Adrian Dix looks on as Provincial Health Officer Dr. Bonnie Henry addresses the media during a news conference at the BC Centre of Disease Control in Vancouver B.C. (THE CANADIAN PRESS/Jonathan Hayward)
B.C. announces 485 new COVID-19 cases, fewest deaths in months

‘The actions we take may seem small, but will have a big impact to stop the virus,” urges Dr. Henry

Royal B.C. Museum conservator Megan Doxsey-Whitfield kneels next to a carved stone pillar believed to have significance as a First Nations cultural marker by local Indigenous people. The pillar was discovered on the beach at Dallas Road last summer. Museum curatorial staff have been working with Songhees and Esquimalt Nation representatives to gain a clearer picture of its use. (Photo courtesy Royal BC Museum)
Stone carving found on Victoria beach confirmed Indigenous ritual pillar

Discussion underway with the Esquimalt and Songhees about suitable final home for the artifact

Former Vancouver Giants forward Evander Kane is seen here in Game 7 of the second round of the 2009 WHL playoffs against the Spokane Chiefs (Sam Chan under Wikipedia Commons licence)
Gambling debts revealed in details of bankruptcy filing by hockey star Evander Kane

Sharks left winger and former Vancouver Giants player owes close to $30 million total

Othman “Adam” Hamdan, pictured in front of Christina Lake’s Welcome Centre, was acquitted of terrorism related charges in 2017. He has been living in Christina Lake since November 2020. Photo: Laurie Tritschler
Man acquitted on terrorism charges awaits deportation trial while living in Kootenays

Othman Ayed Hamdan said he wants to lead a normal life while he works on his upcoming book

B.C. Premier John Horgan wears a protective face mask to help prevent the spread of COVID-19 prior to being sworn in by The Honourable Janet Austin, Lieutenant Governor of British Columbia during a virtual swearing in ceremony in Victoria, Thursday, November 26, 2020. THE CANADIAN PRESS/Jonathan Hayward
Premier Horgan calls jumping COVID vaccine queue ‘un-Canadian’

Horgan says most people in B.C. are doing their best to follow current public health guidelines

Vernon’s Noric House long-term care facility is dealing with a COVID-19 outbreak. (Jennifer Smith - Morning Star)
COVID-19: Two more deaths at Vernon’s Noric House

Total deaths climb to 17 at local long-term care outbreaks

A change to the drive thru sign at the Tim Hortons in Summerland came before Summerland council on Jan. 25. (John Arendt - Summerland Review)
Summerland council approves variance for drive-thru sign

Questions raised about why issue was brought to council table

Prime Minister Justin Trudeau, left, and Vancouver Mayor Kennedy Stewart share a laugh while speaking to the media before sitting down for a meeting at City Hall, in Vancouver, on Friday August 30, 2019. (THE CANADIAN PRESS/Darryl Dyck)
Vancouver mayor, Health Canada to formally discuss drug decriminalization

Kennedy Stewart says he’s encouraged by the federal health minister’s commitment to work with the city

Most Read