Video summary
Pay inequality in Canada reaches a record high
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Key takeaways
CEO Pay Gap in Canada
A Canadian Centre for Policy Alternatives report finds that Canada’s 100 highest-paid CEOs earned an average of $16.2 million in 2024—about 248 times the average worker’s pay of just over $65,000.
The report says the gap has continued to widen: CEO pay has risen much faster than workers’ wages, and today’s top executives earn more than twice what most CEOs made in the early 2000s.
Shopify CEO Tobi Lütke topped the list, earning more than $25 million—the highest CEO compensation in Canadian history, according to the report. A CEO needed to earn at least $7.2 million to make the list, compared with about $3 million in the past.
The report illustrates the scale of the difference by noting that the 100 CEOs had collectively earned an average worker’s annual salary by 9:23.
Proposed response
The report points to taxation changes to address the disparity, including higher capital-gains inclusion rates discussed in 2024 and 2025 but not implemented. The group argues that taxing wealthy Canadians is necessary to reduce the gap.
Presenters and contributors
- CBC studio presenter (unnamed)
- Tricia Kindleman, CBC reporter
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