A recent study released by the Canadian Centre for Policy Alternatives showed that 100 of the richest CEOs in Canada make more money by 11:47 AM than the average full-time worker makes in an entire year.

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Based on 2015 earnings, these CEOs took home an average of $9.5 million based on salaries, bonuses, share grants and stocks. The average worker, by comparison, only makes $49,510 annually.

Here are the 10 richest people in Canada and their annual earnings:


1. Michael Pearson

Company: Valeant Pharmaceuticals

Total Earnings: $182,902,189


2. Donald Walker

Company: Magna International Inc

Total Earnings: $26,539,700


3. Hunter Harrison

Company: Canadian Pacific Railway

Total Earnings: $19,902,453


4. Steven Hudson

Company: Element Financial Group

Total Earnings: $19,277,385


5. Mark Barrenechea

Company: Open Text Corp

Total Earnings: $17,970,042


6. Donald Guloien

Company: Manulife Financial Corp

Total Earnings: $15,613,519


7. Brian Hannasch

Company: Alimentation Couche-Tard

Total Earnings: $14,814,716


8. Linda Hasenfratz

Company: Linamar Corp

Total Earnings: $14,214,834


9. James Smith

Company: Thomson Reuters Corp

Total Earnings: $13,712,142


10. Bradley Shaw

Company: Shaw Communications Inc

Total Earnings: $13,141,235


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