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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@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.
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.
@9F2XS9M2yrs2Y
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.
@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.
@8V99PQM4yrs4Y
No, any worker should be rewarded based on their success. Also, banks should be worker-owned.
@8V6K63MNew Democratic4yrs4Y
no one should receive bonuses unless all bonus money is equally distributed equally no matter what position a worker has.
@8TXVXML4yrs4Y
No, but no one should bail them out or offer corporate welfare to make it easy to help pay them more.
@8SRDJJWConservative4yrs4Y
Bankers should not have any bonus
@8H8DY745yrs5Y
Yes, capped or perhaps eliminated thereby eliminating the potential for corruption associated with the bonus culture.
@8DZCJ69New Democratic5yrs5Y
No, but there should be a wage cap
@8VJZSSX4yrs4Y
No, as long as they're taxed accordingly.
@9CSJ4922yrs2Y
More equitable remuneration for all employees not just the CEO
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