According to a recent report, J. Patrick Doyle, the executive chairman of Restaurant Brands International, which owns Tim Hortons, Burger King, and Popeyes, among other fast-food chains, tops the list of highest-paid CEOs in Canada, with a total compensation of over $151 million. Matthew Proud, the CEO of software company Dye & Durham Limited, came in second, earning nearly $100 million.
Magna International CEO Seetarama S. Kotagiri is number three on the list with a total compensation of over $36.4 million in 2022, while Rogers Communications CEO Tony Staffieri is number four at over $31.5 million.
Canada’s top 100 CEOs were paid a whopping $14.9 million on average. The average CEO collects $7,162 an hour. It takes just over eight hours in the new year for the top 100 CEOs to clock in an average of $60,600—what the average worker in Canada makes in an entire year.
Canada's top 100 highest-paid CEOs, 2024
| Rank | Name | Company | Title | Total compensation |
|---|---|---|---|---|
| 1 | J. Patrick Doyle | Restaurant Brands International Inc. | Executive Chairman | 151,812,911 |
| 2 | Matthew Proud | Dye & Durham Limited | Global CEO and Director | 98,864,268 |
| 3 | Seetarama S. Kotagiri | Magna International Inc. | Chief Executive Officer | 36,398,662 |
| 4 | Tony Staffieri | Rogers Communications Inc. | President and Chief Executive Officer | 31,515,047 |
| 5 | Mark J. Barrenechea | Open Text Corporation | Vice Chair, Chief Executive Officer and Chief Technology Officer | 30,252,989 |
| 6 | Tobias Lütke | Shopify Inc. | CEO | 26,026,203 |
| 7 | Gary Berman | Tricon Residential Inc. | President & Chief Executive Officer | 25,781,356 |
| 8 | Joseph C. Papa | Bausch Health Companies Inc. | Former Chief Executive Officer | 25,742,006 |
| 9 | Irwin Simon | Tilray Brands, Inc. | President, Chief Executive Officer and Chairman of the Board | 25,319,091 |
| 10 | José Cil | Restaurant Brands International Inc. | CEO | 22,188,911 |
| 11 | Michael Gorenstein | Cronos Group Inc. | Chairman, President and CEO | 21,462,705 |
| 12 | Philip Fayer | Nuvei Corporation | Chair and Chief Executive Officer | 21,015,277 |
| 13 | Sean Boyd | Agnico Eagle Mines Limited | Executive Chair | 20,065,592 |
| 14 | Darren Entwistle | Telus Corp | President and Chief Executive Officer (CEO) | 17,486,325 |
| 15 | D. Mark Bristow | Barrick Gold Corp | President and Chief Executive Officer | 17,385,911 |
| 16 | B.W. Corson | Imperial Oil Limited | Chairman, president and chief executive officer | 17,341,523 |
| 17 | Al Monaco | Enbridge Inc. | President & Chief Executive Officer | 17,234,129 |
| 18 | Thomas J. Appio. | Bausch Health Companies Inc. | Chief Executive Officer | 17,140,022 |
| 19 | Roy Gori | Manulife Financial Corporation | President and CEO | 17,078,534 |
| 20 | Patrick Dovigi | GFL Environmental Inc. | President and Chief Executive Officer | 16,822,039 |
| 21 | D. McKay | Royal Bank of Canada | President and Chief Executive Officer | 16,363,877 |
| 22 | N. Murray Edwards | Canadian Natural Resources Limited | Executive Chair | 15,633,171 |
| 23 | Mark S. Little | Suncor Energy Inc. | Former President and Chief Executive Officer | 15,629,961 |
| 24 | Linda Hasenfratz | Linamar Corporation | Chief Executive Officer | 15,147,896 |
| 25 | Bharat Masrani | The Toronto-Dominion Bank | Group President and Chief Executive Officer, TD Bank Group | 15,076,267 |
| 26 | Robert A. Mionis | Celestica Inc. | President and Chief Executive Officer | 14,764,513 |
| 27 | Keith E. Creel | Canadian Pacific Kansas City Ltd | President and Chief Executive Officer | 14,523,546 |
| 28 | Darryl White | Bank of Montreal | Chief Executive Officer | 14,285,506 |
| 29 | Edmund F. Murphy III | Great-West Lifeco Inc. | President and Chief Executive Officer of Empower | 13,945,980 |
| 30 | Serge Godin | CGI Group Inc. | Founder and Executive Chairman of the Board | 13,800,517 |
| 31 | Steve Hasker | Thomson Reuters Corporation | President and Chief Executive Officer | 13,773,481 |
| 32 | Tracy Robinson | Canadian National Railway Company | President and Chief Executive Officer | 13,730,479 |
| 33 | Alain Bédard | TFI International Inc. | President and CEO | 13,725,105 |
| 34 | Anthony Makuch | Agnico Eagle Mines Limited | Former Chief Executive Officer | 13,644,423 |
| 35 | Jeff Puritt | Telus International Cda Inc | President and Chief Executive Officer | 13,628,040 |
| 36 | George D. Schindler | CGI Group Inc. | President and Chief Executive Officer | 13,627,963 |
| 37 | Brian J. Porter | Bank of Nova Scotia, The | President and Chief Executive Officer | 13,597,600 |
| 38 | Mirko Bibic | BCE Inc. | President and CEO BCE Inc. and Bell Canada | 13,593,649 |
| 39 | R. Jeffrey Orr | Power Corporation of Canada | President and Chief Executive Officer | 13,311,802 |
| 40 | Glenn J. Chamandy | Gildan Activewear Inc. | President and CEO | 12,866,848 |
| 41 | Alex Pourbaix | Cenovus Energy Inc. | President & CEO | 12,836,401 |
| 42 | Charles Brindamour | Intact Financial Corporation | Chief Executive Officer, IFC | 12,419,736 |
| 43 | Michael Rousseau | Air Canada | President and Chief Executive Officer | 12,375,100 |
| 44 | Brian Hannasch | Alimentation Couche-Tard Inc. | President and Chief Executive Officer | 12,269,263 |
| 45 | D.R. Lindsay | Teck Resources Limited | Former CEO | 11,986,100 |
| 46 | J.G. Reid | Russel Metals Inc. | President and CEO | 11,963,113 |
| 47 | Galen G. Weston | George Weston Limited | Chairman and CEO of the Corporation | 11,792,068 |
| 48 | David G. Hutchens | Fortis Inc. | President and Chief Executive Officer | 11,558,895 |
| 49 | Alexandre L'Heureux | WSP Global Inc. | President Winpak Portion Packaging, Winpak Heat Seal, Winpak Lane, Inc. | 11,530,245 |
| 50 | Alan Kestenbaum | Stelco Holdings Inc. | Executive Chairman and Chief Executive Officer | 11,512,400 |
| 51 | Ken Seitz | Nutrien Ltd. | President & CEO | 11,353,564 |
| 52 | Scott Burrows | Pembina Pipeline Corporation | President and Chief Executive Officer | 11,311,107 |
| 53 | Victor Dodig | Canadian Imperial Bank of Commerce | CEO | 11,014,950 |
| 54 | Laurent Ferreira | National Bank of Canada | President and Chief Executive Officer | 10,988,413 |
| 55 | Neil Rossy | Dollarama Inc. | CEO | 10,627,929 |
| 56 | François Poirier | TC Energy Corporation | President and Chief Executive Officer | 10,604,876 |
| 57 | Marc Parent | CAE Inc. | President and Chief Executive Officer | 10,598,763 |
| 58 | Dani Reiss | Canada Goose Holdings Inc. | Chairman and CEO | 10,406,197 |
| 59 | Ann Fandozzi | Ritchie Bros Auctioneers Inc | Chief Executive Officer | 10,306,253 |
| 60 | Bruce Flatt | Brookfield Asset Management | CEO | 10,135,433 |
| 61 | John Floren | Methanex Corporation | President & CEO | 10,089,991 |
| 62 | Paul A. Mahon | Great-West Lifeco Inc. | President and Chief Executive Officer of Lifeco and Canada Life | 9,943,449 |
| 63 | Ammar Al-Joundi | Agnico Eagle Mines Limited | President & Chief Executive Officer | 9,916,727 |
| 64 | Kevin D. Strain | Sun Life Financial Inc. | President & Chief Executive Officer | 9,426,014 |
| 65 | John Sicard | Kinaxis Inc. | President and CEO | 9,411,871 |
| 66 | Dan Barclay | Bank of Montreal | Chief Executive Officer & Group Head, BMO Capital Markets | 9,099,750 |
| 67 | Worthing F. Jackman | Waste Connections, Inc. | President and Chief Executive Officer | 9,070,108 |
| 68 | Tim S. McKay | Canadian Natural Resources Limited | President and CEO | 9,026,560 |
| 69 | Randall Crawford | AltaGas Ltd. | President & CEO | 8,676,379 |
| 70 | Éric Martel | Bombardier Inc. | President and Chief Executive Officer | 8,666,398 |
| 71 | Jay Forbes | Element Fleet Management Corp. | Chief Executive Officer | 8,650,000 |
| 72 | José Boisjoli | BRP Inc. | President and CEO | 8,546,282 |
| 73 | J. Paul Rollinson | Kinross Gold Corporation | President and CEO | 8,516,547 |
| 74 | D. Neldner | Royal Bank of Canada | Group Head and CEO, RBC Capital Markets | 8,511,000 |
| 75 | Steven K. Hudson | Ecn Capital Corp | Chief Executive Officer | 8,490,983 |
| 76 | David Klein | Canopy Growth Corp | CEO | 8,405,775 |
| 77 | Scott Perry | Centerra Gold Inc. | Former President & Chief Executive Officer | 8,356,021 |
| 78 | Scott Balfour | Emera Incorporated | President and Chief Executive Officer | 8,248,010 |
| 79 | Edward J. Ryan | The Descartes Systems Group Inc. | Chief Executive Officer | 8,012,255 |
| 80 | Ian L. Edwards | SNC-Lavalin Group Inc. | President and CEO | 7,976,320 |
| 81 | Clive Johnson | B2Gold Corp. | President and CEO | 7,763,925 |
| 82 | Philip K. R. Pascall | First Quantum Minerals Ltd | CEO until May 5, 2022 | 7,715,451 |
| 83 | Thomas J. Harrington | Primo Water Corporation | Chief Executive Officer | 7,664,276 |
| 84 | Nancy C. Southern | ATCO LTD. | Chair & Chief Executive Officer | 7,595,415 |
| 85 | Gord Johnston | Stantec Inc. | President & CEO | 7,567,690 |
| 86 | Tim Gitzel | Cameco Corporation | President and Chief Executive Officer | 7,390,802 |
| 87 | Kurt MacAlpine | CI Financial Corp. | Chief Executive Officer and Director | 7,328,854 |
| 88 | Connor Teskey | Brookfield Renewable Partners LP | Chief Executive Officer of the Service Provider | 7,265,785 |
| 89 | James O’Sullivan | IGM Financial Inc. | President and Chief Executive Officer, IGM Financial Inc. | 7,113,469 |
| 90 | Rowan Saunders | Definity Financial Corporation | President and Chief Executive Officer | 7,077,267 |
| 91 | L. Scott Thomson | Finning International Inc. | former President and Chief Executive Officer | 7,058,810 |
| 92 | K.P. Smith | Suncor Energy Inc. | Interim President & Chief Executive Officer | 7,043,503 |
| 93 | Daniel Daviau | Canaccord Genuity Group Inc. | CEO | 7,012,022 |
| 94 | Jay S. Hennick | COLLIERS INTERNATIONAL GROUP INC. | Chairman and Chief Executive Officer | 6,955,774 |
| 95 | Paul Dalla Lana | NorthWest Healthcare Properties Real Estate Investment Trust | Chief Executive Officer | 6,934,789 |
| 96 | Dr. Ajay Virmani | Cargojet Inc. | Founder, President & Chief Executive Officer | 6,931,008 |
| 97 | Ray Ferris | West Fraser Timber Co. Ltd. | President and CEO | 6,824,444 |
| 98 | Michael Medline | Empire Company Limited | President & CEO | 6,767,791 |
| 99 | A. Hider | ATS Automation | Chief Executive Officer | 6,745,200 |
| 100 | Randy V.J. Smallwood | Wheaton Precious Metals Corp. | President and Chief Executive Officer | 6,698,241 |
Compensation converted from U.S. dollars to Canadian dollars using the average annual exchange rate.
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