According to an article from the Financial Post, Canada’s highest-paid bosses have already made more than the average Canadian makes in a year. The article reports that the top 100 earners in Canada have made over $1 billion collectively in just the first few months of the year. This means that these individuals have already earned more than the average Canadian makes in a full year.
The article also highlights some interesting statistics, such as:
- Only three women made it to the top 100 list.
- Men with the name Scott (5) and Michael (4) outnumbered the total number of women on the list.
- Tobais Lütke, CEO of Shopify Inc, had a salary of $1 in 2023 but his option-based rewards amounted to $26,994,009.
- The top corporate job has been an "old boys’ club" for years.
The article also touches on other topics such as:
- Seven out of 10 provinces are facing a weaker fiscal balance than expected this fiscal year.
- The combined provincial deficit is estimated at $22.9 billion, which is lower than the spring forecast of $27.9 billion due to surpluses in Alberta and Ontario.
Overall, the article highlights the significant wealth gap between Canada’s highest-paid bosses and the average Canadian.
