C-Suite Agenda

These Are The 20 Highest-Earning CEOs In Canada For 2018

Joseph Papa, CEO of troubled Valeant Pharmaceuticals was the best paid executives in 2016, earning more than $83 million in total compensation, according to the Canadian Centre for Policy Alternatives (CCPA), followed by Magna International’s CEO Donald Walker, earning $28.6 million.

Turns out, of the 100 top-earning CEOs in Canada, five are named Paul, four are named Brian, three are named David, Donald, James, Jeffrey, Michael, Richard, or Stephen.

It also found that out of the 100 highest-earning CEOs in Canada, only three were women:

#12 Linamar’s Linda Hasenfratz: $14.6 million total compensation.
#66 Transalta’s Dawn L. Farrell: $7.4 million total compensation.
#94 Atco and Canadian Utilities Limited’s Nancy Southern: $5.4 million total compensation.

Canada’s average worker pay has risen by 0.5%, from $49,510 in 2015 to $49,738 (a $228 increase) in 2016.
Canada’s top 100 CEOs saw an average pay hike of 8%t, from $9.6 million in 2015 to $10.4 million in 2016.

These are the 20 highest-earning CEOs in Canada for 2018:

1. Joseph Papa, CEO at Valeant Pharmaceuticals International Inc
Total compensation: $83,131,252

2. Donald Walker, CEO at Magna International Inc
Total compensation: $28,614,462

3. Guy Laurence, Former President & CEO at Rogers Communications Inc
Total compensation: $24,602,993

4. Daniel Friedmann, Former President & CEO at Macdonald Dettwiler & Associates Ltd
Total compensation: $21,427,253

5. Hunter Harrison, CEO at Canadian Pacific Railway Ltd
Total compensation: $18,829,794

6. James Smith, President & CEO at Thomson Reuters Corp
Total compensation: $17,777,458

7. Doug Suttles, President & CEO at Encana Corp
Total compensation: $17,592,105

8. Geoffrey Martin, President & CEO at CCL Industries Inc
Total compensation: $17,370,182

9. J. Michael Pearson, Former CEO at Valeant Pharmaceuticals International Inc
Total compensation: $15,871,791

10. Ronald J. Mittelstaedt, CEO & Chairman at Waste Connections Inc
Total compensation: $15,854,660

11. Donald Guloien, President & CEO at Manulife Financial Corp
Total compensation: $15,381,055

12. Linda Hasenfratz, CEO at Linamar Corp
Total compensation: $14,641,474

13. Joseph D. Quarin, Former President & CEO, Progressive Waste at Waste Connections Inc
Total compensation: $14,192,790

14. Darren Entwistle, President & CEO at Telus Corp
Total compensation: $12,905,331

15. Ignacio Deschamps, Group Head, International Banking & Digital Transformation at Bank of Nova Scotia
Total compensation: $12,752,408

16. Alain Bellemare, President & CEO at Bombardier Inc
Total compensation: $12,578,009

17. David McKay, President & CEO at Royal Bank of Canada
Total compensation: $12,245,393

18. Jerry Fowden, CEO at Cott Corporation
Total compensation: $12,131,757

19. Frank Hasenfratz, Chairman at Linamar Corp
Total compensation: $11,997,955

20. N. Murray Edwards, Exec Chair at Canadian Natural Resources Ltd
Total compensation: $11,893,926

Note: The findings are based on 2016 income data and calculated in Canadian Dollar.

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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