Overview
- By 9:23 a.m. on Jan. 2, the top 100 CEOs had earned the average Canadian worker’s annual pay, based on an estimated $7,812 an hour.
- Shopify chief executive Tobi Lütke led the list at $205.5 million, almost entirely from stock and options, with a $1 salary.
- Around 84% of compensation came from bonuses, share awards and options, a structure amplified by corporate profits of roughly $630 billion in 2024.
- Since 2020, CEO pay has climbed 49% versus a 15% increase for workers’ wages, widening the gap as living costs have risen.
- The report draws on disclosures from 212 companies, records five women among the top 100 for the first time, and recommends considering a millionaire’s tax or a wealth tax after a proposed capital‑gains hike was cancelled.