“The long-term trend is pretty clear,” Macdonald said in an interview with CBC News. “In the 1980s, CEOs made about 50 times the average worker. In the '90s, it was 100 times. We’re now, I think, pretty solidly over 200 times.”
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But there’s kinda/sorta some good news too:
But Macdonald said the federal government’s changes to taxation policy have led to “a huge decline in stock options as a means of pay for CEOs,” including a 2021 policy change that capped stock option payments.
“There are important loopholes that have been closed over the last couple of years, and we’re seeing the impact of those loopholes in the CEO pay data,” he said.
The capital gains changes are what closed this loophole and narrowed the gap. It is an excellent piece of policy that maintains fairness at all levels of the taxation system.
Are you referring to the capital gains exemption being lowered after the first 250k? If so, that hasn’t been passed.
As the article mentions, the miniscule lowering of CEO income was due to changes in regulations for CEO remuneration.
We gotta stop Pierre Poilievre from winning a government at all costs if we want to keep up the reversal.
