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Chief Executive Officer Average Salary in Canada 2020

How much money does a Chief Executive Officer make in Canada?


Average Yearly Salary
268,000 CAD
( 22,300 CAD monthly)

LOW
131,000
CAD
AVERAGE
268,000
CAD
HIGH
418,000
CAD

A person working as a Chief Executive Officer in Canada typically earns around 268,000 CAD per year. Salaries range from 131,000 CAD (lowest) to 418,000 CAD (highest).

This is the average yearly salary including housing, transport, and other benefits. Chief Executive Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Chief Executive Officer Salary Distribution in Canada

Median and salary distribution yearly Canada Chief Executive Officer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Executive Officer salaries in Canada range from 131,000 CAD per year (minimum salary) to 418,000 CAD per year (maximum salary).

  • Median Salary

    The median salary is 273,000 CAD per year, which means that half (50%) of people working as Chief Executive Officer(s) are earning less than 273,000 CAD while the other half are earning more than 273,000 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Chief Executive Officer(s) are earning less than 182,000 CAD while 75% of them are earning more than 182,000 CAD. Also from the diagram, 75% of Chief Executive Officer(s) are earning less than 352,000 CAD while 25% are earning more than 352,000 CAD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Chief Executive Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Canada Chief Executive Officer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Chief Executive Officer salaries by experience level and this is what we found.

A Chief Executive Officer with less than two years of experience makes approximately 156,000 CAD per year.

While someone with an experience level between two and five years is expected to earn 200,000 CAD per year, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 276,000 CAD per year, 38% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Chief Executive Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 342,000 CAD per year, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 366,000 CAD per year, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 391,000 CAD per year, 7% more than people with fifteen to twenty years of experience.


Chief Executive Officer average salary change by experience in Canada

0 - 2 Years
156,000 CAD
2 - 5 Years+29%
200,000 CAD
5 - 10 Years+38%
276,000 CAD
10 - 15 Years+24%
342,000 CAD
15 - 20 Years+7%
366,000 CAD
20+ Years+7%
391,000 CAD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Chief Executive Officer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Chief Executive Officer(s) who have the same experience but different education levels.

Salary comparison by education level yearly Canada Chief Executive Officer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Chief Executive Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Executive Officer is 151,000 CAD per year.

While someone with a Certificate or Diploma gets a salary of 180,000 CAD per year, 19% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 229,000 CAD per year, 27% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 349,000 CAD per year, 53% more than someone with Bachelor's Degree.

PhD holders are compensated with wage equivelant to 415,000 CAD per year, 19% more than someone with Master's Degree.


Chief Executive Officer average salary difference by education level in Canada

High School
151,000 CAD
Certificate or Diploma+19%
180,000 CAD
Bachelor's Degree+27%
229,000 CAD
Master's Degree+53%
349,000 CAD
PhD+19%
415,000 CAD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Canada costs anywhere from 49,800 Canadian Dollar(s) to 149,000 Canadian Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Chief Executive Officer Salary Comparison By Gender

Salary comparison by gender yearly Canada Chief Executive Officer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chief Executive Officer employees in Canada earn 5% more than their female counterparts on average.

Male
274,000 CAD
Female-4%
261,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Canada for all Careers

Salary comparison by gender yearly Canada
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Chief Executive Officer Average Annual Salary Increment Percentage in Canada

How much are annual salary increments in Canada for Chief Executive Officer(s)? How often do employees get salary raises?

Chief Executive Officer

Chief Executive Officer(s) in Canada are likely to observe a salary increase of approximately 15% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Chief Executive Officer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Canada / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Canada is 7%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Canada for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Chief Executive Officer Bonus and Incentive Rates in Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Chief Executive Officer
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A Chief Executive Officer is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
86%
No Bonus
14%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Chief Executive Officer Average Hourly Wage in Canada


130 CAD per hour

The average hourly wage (pay per hour) in Canada is 130 CAD. This means that the average Chief Executive Officer in Canada earns approximately 130 CAD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Chief Executive Officer VS Other Jobs

Salary Comparison Between Chief Executive Officer and Executive and Management yearly Canada
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The average salary for Chief Executive Officer is 66% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator116,000 CAD-57%
Administration Manager138,000 CAD-48%
Area Manager129,000 CAD-52%
Asset Protection Associate144,000 CAD-46%
Assistant Director144,000 CAD-46%
Assistant Manager146,000 CAD-45%
Assistant Operations Manager154,000 CAD-43%
Assistant Project Manager147,000 CAD-45%
Assistant Section Head120,000 CAD-55%
Assistant to CEO133,000 CAD-50%
Assistant Vice President149,000 CAD-44%
Associate Director136,000 CAD-49%
Bid Manager167,000 CAD-38%
Branch Manager147,000 CAD-45%
Business Development Manager174,000 CAD-35%
Business Operations Associate147,000 CAD-45%
Business Operations Lead142,000 CAD-47%
Campaign Manager160,000 CAD-40%
Chairman of The Board253,000 CAD-6%
Chairman Office Manager173,000 CAD-35%
Chief Corporate Officer227,000 CAD-15%
Chief Executive Officer268,000 CAD+0%
Chief Financial Officer243,000 CAD-9%
Chief of Staff122,000 CAD-54%
Chief Operating Officer209,000 CAD-22%
Chief Risk Officer180,000 CAD-33%
Client Services Manager168,000 CAD-37%
Commercial Project Manager147,000 CAD-45%
Commodity Broker115,000 CAD-57%
Corporate Affairs Executive162,000 CAD-40%
Corporate Compliance Director170,000 CAD-37%
Corporate Director186,000 CAD-31%
Corporate Officer127,000 CAD-53%
Corporate Partnerships Officer124,000 CAD-54%
Country Manager202,000 CAD-25%
Deputy Director199,000 CAD-26%
Director210,000 CAD-22%
Director of Accreditation175,000 CAD-35%
Director of Catering Services164,000 CAD-39%
Director of Client Services170,000 CAD-37%
Director of Facilities Management141,000 CAD-47%
Director of Operations175,000 CAD-35%
Director of Process Simplification139,000 CAD-48%
Director of Project Management183,000 CAD-32%
Director of Revenue Management165,000 CAD-38%
Director of Training and Development178,000 CAD-34%
Distribution Manager179,000 CAD-33%
Division Manager155,000 CAD-42%
Duty Manager157,000 CAD-41%
Engagement Manager191,000 CAD-29%
Executive Director268,000 CAD+0%
Executive Manager214,000 CAD-20%
Franchise Manager217,000 CAD-19%
General Manager220,000 CAD-18%
Global Master Data Manager194,000 CAD-28%
Head of Middle Office175,000 CAD-35%
Head of Projects176,000 CAD-34%
Head of Sustainability156,000 CAD-42%
Housing Manager149,000 CAD-44%
HSE Manager152,000 CAD-43%
Key Account Manager148,000 CAD-45%
Knowledge Manager179,000 CAD-33%
Location Manager173,000 CAD-35%
Logistics Manager136,000 CAD-49%
Management Consultant141,000 CAD-47%
Management Executive191,000 CAD-29%
Manager179,000 CAD-33%
Managing Director221,000 CAD-17%
MIS Executive172,000 CAD-36%
Ocean Services Manager192,000 CAD-28%
Operations Assistant128,000 CAD-52%
Operations Director192,000 CAD-28%
Operations Executive199,000 CAD-26%
Operations Manager207,000 CAD-23%
Operations Supervisor166,000 CAD-38%
Policy Administration Executive150,000 CAD-44%
Private Sector Executive155,000 CAD-42%
Product Development Manager184,000 CAD-31%
Product Executive165,000 CAD-38%
Production Executive181,000 CAD-32%
Production Manager184,000 CAD-31%
Production Supervisor157,000 CAD-41%
Program Manager186,000 CAD-31%
Programme Coordinator129,000 CAD-52%
Project Control Manager180,000 CAD-33%
Project Coordinator107,000 CAD-60%
Project Management Officer123,000 CAD-54%
Project Manager140,000 CAD-48%
Project Portfolio Manager145,000 CAD-46%
Quality Manager142,000 CAD-47%
R/D Director161,000 CAD-40%
Regional Director251,000 CAD-6%
Regional Manager191,000 CAD-29%
Relationship Manager170,000 CAD-37%
Retail District Manager132,000 CAD-51%
Revenue Manager136,000 CAD-49%
Risk and Capital Manager213,000 CAD-20%
Risk Officer134,000 CAD-50%
Safety Manager137,000 CAD-49%
Section Head140,000 CAD-48%
Service Manager138,000 CAD-48%
Shift Supervisor114,000 CAD-57%
Solutions Manager133,000 CAD-50%
Supervisor110,000 CAD-59%
Supply Chain Manager182,000 CAD-32%
Surveyor132,000 CAD-51%
Technical Manager179,000 CAD-33%
Territory Manager179,000 CAD-33%
Validation Manager156,000 CAD-42%
Vice President224,000 CAD-16%
Zone Manager181,000 CAD-32%

Salary Comparison By City

CityAverage Salary
Brampton272,000 CAD
Calgary279,000 CAD
Edmonton279,000 CAD
Gatineau253,000 CAD
Halifax247,000 CAD
Hamilton272,000 CAD
Kitchener252,000 CAD
Markham269,000 CAD
Mississauga278,000 CAD
Montreal288,000 CAD
Ottawa278,000 CAD
Quebec272,000 CAD
Regina241,000 CAD
Richmond239,000 CAD
Saskatoon241,000 CAD
Surrey258,000 CAD
Toronto289,000 CAD
Vancouver279,000 CAD
Vaughan265,000 CAD
Windsor265,000 CAD
Winnipeg273,000 CAD

Salary Comparison By State

StateAverage Salary
Alberta279,000 CAD
British Columbia311,000 CAD
Manitoba291,000 CAD
New Brunswick257,000 CAD
Newfoundland-Labrador254,000 CAD
Northwest Territories284,000 CAD
Nova Scotia269,000 CAD
Nunavut300,000 CAD
Ontario295,000 CAD
Prince Edward Island230,000 CAD
Quebec295,000 CAD
Saskatchewan260,000 CAD
Yukon241,000 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.

Private Sector
117,000 CAD
Public Sector+4%
122,000 CAD
Percentage increase and decrease are relative to the previous value

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