CBC Sees Staff Compensation Balloon Since 2015

The Canadian Broadcasting Corporation has been in the headlines today, with two separate outlets reporting on matters related to compensation of both employees and former executives at the government-supported broadcaster.

Taxpayer.com today issued a report related to the growth in employees earning six-figure incomes since Trudeau has come into power in 2015. The report follows an access to information request conducted by the Canadian Taxpayers Federation that resulted in the provided data.

READ: CBC Desperately Tries to Stay Relevant, Plans Shift to Online-Only Streaming Services

The number of staff earning $100,000 or more has risen from 438 in 2015, to that of 949 as of the end of 2021. In terms of dollars, the cost of employing such individuals has risen from $59.5 million to that of $119.5 million.

The federation also highlighted that over $156.0 million in bonuses and raises have been handed out since 2015, which averages out to roughly a $14,200 bonus per employee per year.

“If the CBC has enough money lying around to hand out millions in bonuses and raises during a pandemic, then taxpayers shouldn’t be forced to fork over more money,” commented Franco Terrazzano, Federal Director of the Federation.

Retroactive pay increases.. for former executive

Separately, Holly Doan over at Blacklocks Reporter this morning highlighted on Twitter that ex-CBC President Hubert Lacroix has received a wage increase.. even though he no longer is employed by the company. The decision is said to have been at the recommendation of the Prime Minister himself, Justin Trudeau.

Lacroix served as the President and CEO of CBC from 2008 through to 2018. This change appears to be for his final year of service with the company, although further context on why the retroactive increase was granted was not provided within the government filing.


Information for this briefing was found via the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

CBC Host Says He Was Forced Out Over Editorial Disputes

CBC television host Travis Dhanraj announced Monday he was compelled to leave Canada’s public broadcaster...

Tuesday, July 8, 2025, 12:13:00 PM

Elon Musk Grants Pierre Poilievre’s Wish, Labels CBC As ‘Government-Funded Media’

Twitter has put a “government-funded media” label on the Canadian Broadcasting Corporation’s (CBC) account, the...

Monday, April 17, 2023, 09:50:00 AM

CBC Returns to Twitter, Says It Will Resume Posting for Some of Its Accounts

CBC-Radio Canada announced on Tuesday that the network, on “a handful of Twitter accounts,” will...

Wednesday, May 10, 2023, 04:41:00 PM

CBC Halts Twitter Feed After Elon Musk Slaps Account With ‘Government Funded Media’ Label

CBC/Radio Canada is halting all social media activity across its Twitter accounts, after the platform...

Monday, April 17, 2023, 06:30:22 PM

CBC Approves Staff Bonuses Despite Job Cuts And Criticism From Parliament

The Canadian Broadcasting Corporation (CBC) and Radio-Canada board of directors has greenlit performance bonuses for...

Wednesday, July 17, 2024, 08:15:56 AM