Canada's Top CEOs Will Make An Average Person's Yearly Salary Before Noon Today
It's been a tough year for the rich.
While the holiday aftermaths may have you feeling broke, some people are well on their way to making the average Canadian salary.
have made more on the first working day of January than the average person will in a full year.
Average worker’s salary in Canada in 2019.
According to a report released by the Canadian Centre for Policy Alternatives, the average 100 top-paid CEO will earn over $53,000 by 11:17 a.m. on January 4.
However, that large sum payment will arrive an hour later than it did last year.
In a summary of the report, the CCPA stated that a "tough year" for our country's top-ranking executives requires them to work slightly harder.
"It means putting in a single extra hour of work before lunch on January 4, before netting the yearly income of an average Canadian worker," CCPA Senior Economist David MacDonald.
"For the average Canadian worker, a tough year means grave financial insecurity and taking on even more debt to manage," he adds.
Everyday Canadians struggled the most in 2020, but Prime Minister Trudeau sayson the horizon.