In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. There are currently no caps on banker's pay in Canada. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers' pay will push up non-bonus pay and cause bank's costs to rise.
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Province/Territory:
@9GPTJ2D1yr1Y
No, individuals who do not wish to contribute to private banking profits may choose to manage their finances through a co-operative institution of their choice.
@9TYSP553mos3MO
No one should make 60% more than their lowest paid employee stop saying the guy in the states makea this, no look at it like do you honestly belive you deserve that much more than your lowest paid employee are you that much better of a human being
@9TDFCDQ3mos3MO
should be based or the wage of the lowest employ wage, and depending on how many employees they have.
@9RDCYWP5mos5MO
The CEO should get as much of a bonus as negotiated, as long as their is a mandatory percentage equivalent bonus to all non executive workers.
No, but allow unlimited regional banks to form and get rid of CDIC and CMHC. Bank depositors must realize that banks borrow their deposits and often make risky investments. Get rid of all methods of protecting these "sacred cows." Their protection is one of the reasons that Canada is plagued with supply side management marketing boards and why MILLIONS of gallons of milk are dumped every year.
@9FCZK2L1yr1Y
Yes, and nationalise the banks with the goal of abolishing banks
Yes, but we should also nationalize the banks and the financial system.
@9F2XS9M1yr1Y
I believe bankers should not be given such hefty bonuses because banks as a whole would still function well without a doubt even with a "higher effort" employee. Large bonuses such as this should be given to physical labor workers, healthcare workers, teachers so on and so forth. The people who deserve bonuses in the work force do not receive them which is extre3nely corrupt in my opinion.
@9DQSF441yr1Y
Yes, and taxed. There should also because provincially owned banks
@9FFPBL81yr1Y
Executive Compensation should be capped for all
Yes, but allow 200% with shareholder approval
@8TWZL2K3yrs3Y
Bankers should not have bonuses
@8GXXL9Z4yrs4Y
Bankers should not receive bonuses. They should only receive their salary plus performance and cost of living raises.
Bankers should receive smaller bonuses - maybe capped at 5% of their pay.
@95LSVQV2yrs2Y
They should be capped but only at 20% of their pay
@93TM7X62yrs2Y
Yes, nationalize the banks with the goal of abolishing banks.
@937LMWD3yrs3Y
no, do not care what people make as an income, we would be better off fixing tax rules on stock options, etc, then capping compensation.
@928X97S3yrs3Y
No, for front line workers and yes for corporate management
@8ZSJL5B3yrs3Y
Yes, and nationalize the banks with the goal of abolishing banks.
@8Z7DWC93yrs3Y
Yes, and nationalise the banks with the goal of breaking up the banks
@8YWNWC33yrs3Y
Profits should be reviewed based on economy and what they provide to people. No gouging. If they gouge, remove banks ability to be in business.
@8Y34B8Q3yrs3Y
Regardless, cryptocurrency will make bankers obsolete.
@8W6KC6MNew Democratic3yrs3Y
Yes, and total executive compensation (including bonuses) should be capped at 10x the wage of the lowest earning employee
@8VVPX8LNew Democratic3yrs3Y
Why bonuses in the first place. Pay fair rates and publish what you pay. Better balance needed between employees and senior executive pay
@8VN22QD3yrs3Y
they shouldn’t get a bonus at all, they target financially struggling/ people who are undereducated about their options for investing or saving and offer unrealistic “opportunities” with high rates of interest and outrageous penalties disclosed in tricky wording/ or cloaked within the “fine print” not disclosed verbally before signing your life away. you really think these people deserve to be rewarded
@Jjulip3yrs3Y
Top business officials should have a cap on compensation relative to the lowest paid person in their organization
@8VKD4HP3yrs3Y
Eliminate central banking
@8VJ8ZRD3yrs3Y
No there should be no bonuses.
@8VH22SV3yrs3Y
Banks should be non-profit.
@8VBQZYD3yrs3Y
Lower the cap by 50 %, but create public banks as an alternative to private banking.
@8VB2DHN3yrs3Y
No cap if the banks where truly independent. However, as long as the government is willing to bail them out, then yes. 20 % of pay
@8V99PQM3yrs3Y
No, any worker should be rewarded based on their success. Also, banks should be worker-owned.
@8V6RYXG3yrs3Y
Yes, but cap them at 25%
@8V6K63MNew Democratic3yrs3Y
no one should receive bonuses unless all bonus money is equally distributed equally no matter what position a worker has.
@8TYJGN53yrs3Y
It should be capped at 15% and never come from government funding.
@8TXVXML3yrs3Y
No, but no one should bail them out or offer corporate welfare to make it easy to help pay them more.
@8TX5DJL3yrs3Y
Yes, lower the cap to 20%, and give bonuses only for positive performance. The guy who wrecked Nortel walked away with millions in bonuses for driving the company into the ground. Meanwhile retired workers got their pensions slashed. This is grossly unethical. Neither banks nor corporations should be allowed to reward ineptitude and bad management.
@8TX333D3yrs3Y
No bonuses should be allowed at all
@8TW2L7B3yrs3Y
No, unless subsidised by government, then zero bonuses.
Bankers shouldn’t get bonuses for finding ways to charge average people to access their own money.
@8TV36DY3yrs3Y
i actually do not care about this
@8TMSDPD3yrs3Y
Should be limited to 25percent and we should regulate user fees and more caps on credit card rates and other interest rates which are predatory.
@8SS2L7P4yrs4Y
No but tax bonuses at a high rate
@8SRDJJWConservative4yrs4Y
Bankers should not have any bonus
@8S8V23F4yrs4Y
Yes, but profits and bonuses should should be distributed throughout the compilation, accordingly importance of the job
@8QXR442New Democratic4yrs4Y
I am unsure of the exact amount
@8PYPXY54yrs4Y
Yes, lower the cap to 20% AND nationalize the banks
They shouldn’t be given more than normal workers receive as a bonus
@8PJVJTNConservative4yrs4Y
No. Banks are private industry and can pay their employees whatever they want. if the banks become uncompetitive or loose business because of high bonuses, they will be forced to adjust.
@8PJF3QF4yrs4Y
I do not care about this matter, nor am I educated on it. Therefore I have no stance.
@8NZHVX84yrs4Y
They should stop being so damn greedy
@8NWJ2VS4yrs4Y
As long as their not in government cahoots
Banks should compete with Bitcoin. Bank monopoly should be stopped.
@8H8DY744yrs4Y
Yes, capped or perhaps eliminated thereby eliminating the potential for corruption associated with the bonus culture.
@8DZCJ69New Democratic4yrs4Y
No, but there should be a wage cap
@8D5GB344yrs4Y
Nationalize the banks and decrease the cap to 15%
@9B9XJR72yrs2Y
Bankers should not have bonuses. They make enough money as it is.
No, the cap should be significantly lower.
@993V7YD2yrs2Y
i do not care about a bankers pay
@992BKQT2yrs2Y
Banker's and other highly paid publicly paid executive's, shouldn't receive "bonuses" and certainly not 100% of their pay
@98Z2KYX2yrs2Y
No, but bankers should also provide their banks equity for any financial problems that they face
@98PQTLX2yrs2Y
No and any worker should be rewarded based on their success
@97WPXL82yrs2Y
@97WDKK82yrs2Y
Yes, and nationalize the banks with the goal of abolishing banks
@942M3262yrs2Y
Yes, and nationalize the banks with the goal of breaking up banks.
@93TH8JW2yrs2Y
I'm 14, I don't understand this.
@92S6KXH3yrs3Y
There is no issue, so long as we adopt a flat tax.
@8VJZSSX3yrs3Y
No, as long as they're taxed accordingly.
@8TWV6HM3yrs3Y
No, but tax bonuses at a higher rate than salaries
@9CSJ4921yr1Y
More equitable remuneration for all employees not just the CEO
@9BXYGT32yrs2Y
Bankers shouldn’t get bonuses
@9BSYMVY2yrs2Y
Yes, and nationalize the banks with the goal of phasing banks out.
They should be capped. Percentage wise of pay is arbitrary. Is there value to shareholders, person affiliation. We need to stop corruption.
@8FQ3ZDF4yrs4Y
this question is not relevant to me
@9D5HV3N1yr1Y
Banks are private corporations. Unless they are committing fraud leave them to prosper or fail all on their own. And we should never - NEVER - bail them out when they go broke.
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