Home Breadcrumb caret Industry News Breadcrumb caret Industry How much do Canada’s top CEOs get paid? Even during 2008, Canada’s top 100 CEOs earned $7.3 million, on average, says a new report. By Staff | January 4, 2016 | Last updated on January 4, 2016 1 min read By 12:18pm on the first working day of 2016, Canada’s 100 highest-paid CEOs had already collected an average of $48,636, which is what the average full-time worker will earn for the year. Read: Business and investment advice for a wealthy Vancouver couple So finds a new report by the Canadian Centre for Policy Alternatives. The report also points out the country’s top 100 CEOs pocketed, on average, $8.96 million in 2014, which was 184 times more than the average wage in Canada. Further, “The total pay package of the 100 highest-paid CEOs exceeds the 2014-15 budgetary deficits of [nearly] every province in Canada, except Ontario, Quebec, and Newfoundland,” says CCPA research associate Hugh Mackenzie. Read: Meet the next wave of Canadian billionaires Additional findings In 2008, Canada’s top 100 CEOs made $7.3 million, on average. In 2013, average CEO pay hit a high of $9.2 million. In 2014, average pay had staying power at only 2% less than the previous year, on average, at $8.96 million. Share grants are replacing stock options as the preferred route to higher pay; stock options dropped from 21% of pay in 2008 to 13% in 2014, while share grants increased from 26% in 2008 to 39% in 2014. Only two women made the top 100 CEO pay list in 2014. Read: More women than men becoming billionaires: report Nearly half of the top 100 CEOs are looking forward to large pensions, with 46 of them set to receive pensions that average $961,000 per year. Read: The design and depletion of retirement portfolios Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo