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.
Statistics are shown for this demographic
Province/Territory
Electoral District (2011)
Response rates from 737 Trinity - Spadina voters.
67% Yes |
33% No |
54% Yes |
25% No |
5% Yes, and lower the cap to 20% |
8% No, any worker should be rewarded based on their success |
4% Yes, and lower the cap to 50% |
|
4% Yes, and nationalise the banks |
Trend of support over time for each answer from 737 Trinity - Spadina voters.
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Trend of how important this issue is for 737 Trinity - Spadina voters.
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Unique answers from Trinity - Spadina voters whose views went beyond the provided options.
@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.
@B2GCKSD2wks2W
Caps should not be imposed on private sector bankers but on public sector bankers they should be imposed
@9TDFCDQ5mos5MO
should be based or the wage of the lowest employ wage, and depending on how many employees they have.
@9TYSP554mos4MO
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
@9RDCYWP6mos6MO
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.
@9LJGNWT 10mos10MO
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.
@9FLZ4Q81yr1Y
@9FCZK2L1yr1Y
Yes, and nationalise the banks with the goal of abolishing banks
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