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    Canada Politics

    Stephen Harper is 6th highest paid world leader: study

    Prime Minister Stephen Harper unveils a Winnipeg Jets commemorative coin.Does Stephen Harper earn too much money?

    According to an Investopedia.com study, Stephen Harper is the sixth highest paid political leader in the world earning an annual salary of  US$296,400.

    In comparison, US President Barack Obama, ranked 4th, earns $400,000, while Singapore's Lee Hsien Loong tops the list earning a whopping $2,183,516.

    The study invariably begs the question: does Harper make a fair salary?

    There are certainly those that would argue, our prime minister earns too much money.

    Other G20 country leaders, who govern larger populations and economies,  such as the British prime minister David Cameron and Italy's Silvio Berlusconi don't even appear on the list.

    Many Canadians might also take umbrage to the fact the average salary in Canada, in 2010, was $42,988 meaning Harper makes 7 times the average Joe.

    Moreover, the average Joe isn't entitled to the same golden parachute pension that our politicians are.

    When compared to executives in the private sector, however, the prime minister is not making nearly enough.

    According to a Canadian Centre for Policy Alternatives study, the average total base compensation for Canada's best paid 25 CEOs in 2009 was  $1.51 million/year.  When bonuses, stock options, and pensions were taken into account that figure jumped to $6.6 million.

    There are also salaries in the public sector that dwarf the prime minister's.

    In British Columbia, for example, the Vancouver Sun notes that the Chair of the B.C. Securities Comission, a crown corporation, earned $503,096 while the President of the University of British Columbia earned $523,134.

    Sean MacDonald, a professor at the University of Manitoba who specializes in compensation issues believes we should raise salaries, of all politicians,  to encourage more top executives to run for office.

    "It's a joke," he told MoneySense Magazine in a 2009 interview.

    "When you look at how vast (one) government department is, ministers are grossly underpaid."

    (CP Photo)

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    782 comments

    • A Yahoo! User  •  7 months ago
      it is not the salary that these people get that bothers me - it is the pension. As I understand it they serve 6 years and are entitled to a full pension of something over $60,000 per year.
      • del 7 months ago
        and it applies to all MPs so not only the Prime Minister
      • eliz 7 months ago
        I heard you only had to serve a four year term.
      • myw 7 months ago
        Totally agree with you. MPs should only get full pension after 25 years - and it should be prorated for how many years they serve. So, if the pension is $80,000 and they only serve 4 years, they should only get a $12,800 pension. This is still WAY better than the average person gets for a pension.
    • Glenn  •  7 months ago
      I have no problem with their salaries but qualifying for a pension after only 6 years or equiverlent to 3 years working time in the house as to stop,shouldn't it be the same as everybody else and be after 30-35 years.This government seems very keen on taking everyones pension from them.
    • B R  •  Toronto, Ontario  •  3 months ago
      Politicians are paid plenty. They are not compensated for growing a company and increasing profit. They are cost centres - not profit centres. Look at people who work in cost centres. They don't make as much as those in profit centres. Imagine million dollar salaries for our politicians???? What if executives didn't move into that field? We would still be paying the same old blow hards a lot more money to do what for us??? Raise taxes.
    • Tha' man  •  7 months ago
      It's not the salary of the PM that bothers me, it how many salaries we are paying for those 302 representatives that is going to baloon up to 332 soon: Do we really need that many people to run this country? I don't think so; especially knowing that most of them who aren't part of the cabinet do just about nothing to earn their salary.
      • Guess 7 months ago
        You're right we don't need that many ppl running the government. Time for a cut back the sooner the better for taxpayers.
      • Le Bon 7 months ago
        There's actually 308 MPs... just saying.
      • preppylilkitten 7 months ago
        It is too much money, but that's the way our government works. For each few hundred thousand people in a province, they get one MP..
    • Me in Canada eh  •  7 months ago
      It's not the PM's salary that gets to me, it's the salaries and expense accounts of senate members. They're appointed for life and only have to show up in the House one week out of a whole year to qualify for the over $80,000 a year they get, plus the expense account. Then they get a permanent pension when they finally retire - all on OUR DIME!
      • JP 7 months ago
        well said
      • rocksterrakoon 7 months ago
        Too bad the voters don't get to go to the polls on this.
    • blade...  •  7 months ago
      I dont mind the salery so much as the pensions, when our elected people only work a few years and start thier pensions as soon as they get kicked out and colect for the rest of thier lives.
      • A Yahoo! User 7 months ago
        Yeah, where can I sign up.
    • jacko  •  7 months ago
      beside the salary what other perks does he not have to pay for....housing, travel,cars,clothing, entertainment.
      • lesergeur 7 months ago
        Exactly, and I'm having a bigger gripe with EVERY employee of government that has some or all of these expenses covered. And especially their ludicrous pension plans that, come hell or high water, our tax dollars will keep afloat.
      • Jason 7 months ago
        Don't forget he doesn't pay any income tax either
      • jinsengtea 7 months ago
        Hush-brown envelopes?
    • no bones benny  •  7 months ago
      I just about choked when I read that the average salary in Canada in 2010 was $42,988. That may not be a bad wage for a single person, but married with kids......poor house!!!
    • TerrorMullet  •  7 months ago
      Cut CEO salaries!
    • paul w  •  7 months ago
      So the article states;;if u hire only the top CEOs to run the country we will have no problems only utopia???????
    • Bluescreen  •  7 months ago
      Strange this article says other salaries are not available, yet yesterday there was an article discussing those exact ones.
    • spoons  •  7 months ago
      There is an Indian chief in Manitoba making $400,000/yr and he's crying that he needs more money for his reservation. Harper making just under $300,000/yr as the CEO of Canada with infinately more responsibilities-why would you want the Prime Minister's job in the 1st place- something is wrong with this picture
    • geg  •  7 months ago
      his big paydays will come when he leaves politics
    • Mark  •  7 months ago
      our government are just a bunch of crooks in suits. They get huge annual salaries but still spend our tax money for their own purposes..
    • Gabriel  •  7 months ago
      I don't mind the pay , but all government emploee should pay taxes like everybody else .
    • linda  •  7 months ago
      Considering he has none of the "usual" bills we all pay...ie rent, hydro, cable, phone, food transportation, insurance, hes doing very well. In perspective...Are We the 6th richest country in the world? Is it comparative?
    • systemz  •  7 months ago
      just looks like another example of rigging the system to benefit the few and wealthy. 6 yrs of being a pm for 300k US$ a yr and then he can retire on 60k a yr after?!?! I work 5-6 days a week on night shift mostly, but must be flexible for anything. I go out of country 3 weeks at a time up to 4 times a year and barely make over 50k a year. My job is very stressful, I work in confined spaces, building rooftops or ceilings.. I do a lot of phyical labour, I stand on or inside equipment that is extremely hot. I get very dirty, exposed to chemicals etc etc.. I think he deserves half that salary he is getting right now, even less. This job isn't suppose to be a quick cash grab for little "work" like it literally is set up to be right now.
    • smoke14  •  7 months ago
      I don't think so. He has a tough job, a stressful one. The ones making too much money are the corporate CEO's raking in 6mil+/yr. They probably don't even do much for the money, they probably delegate everything so they can spend their time on "business trips" and gold courses.
    • Hartcard  •  5 months ago
      Putting up with death wishing twisted fools like many of you on here tells me he should be paid twice as much as he's making now.
    • Igotrightstoo  •  5 months ago
      I'd like to see any one of you Harper-haters do half the job he does for 10 times the salary. All yer good at is pissin' 'n moanin'!

      Most of you probably can't manage a personal chequing account because the only money a Liberal is good at spending is someone else's! Geez, you'd think the Devil himself wuz runnin' the place, what with all the whinin' 'n cryin' goin' on!

      Unfortunately, the Devil didn't die when Trudeau did, but he was the closest thing to Beelzebub we ever had for a leader. Hell, we're still paying for his cockeyed scemes and the country will never be able to reach it's former glory as a true free nation because of him.

      That's why we gotta pay someone like Harper to try to straighten out as much as he can before the GLBT's and the rest of the special interests finally pry it out of our cold dead hands!

      Go join the Occupy Party and work for nothing. See how many Canadians will take you seriously. Sometimes 'free' isn't always a bargain. In our case, you get what you pay for and I happen to think Stephen is a bargain right now compared to what our alternatives were at the last election.

      If you don't like it, tough tit, go live in one of those other banana republics where the el Presidente makes less. You'll get yer money's worth thete, I am sure!

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