Top CRA executives pocket $35,000 a year in performance pay

Feb 2nd, 2018 1:37 pm

#1

tk1000 [OP]: Deal Expert; Dec 7, 2012; 32228 posts; 8568 upvotes; GTHA

Feb 2nd, 2018 1:37 pm

Top CRA executives pocket $35,000 a year in performance pay

CRA executives make significantly more than others, but critics say it's not justified
http://www.cbc.ca/beta/news/politics/ta ... -1.4509390

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Feb 2nd, 2018 7:26 pm

#2

samin62: Member; Mar 2, 2011; 298 posts; 51 upvotes; Toronto

Feb 2nd, 2018 7:26 pm

That seems reasonable compared to executives of your typical corporations

+1

Feb 2nd, 2018 7:38 pm

#3

mathiewannabe: Penalty Box; Jul 11, 2008; 4368 posts; 1494 upvotes; Away from RFD idiots

Feb 2nd, 2018 7:38 pm

After taxes, it's be like 17k

..

+4

Feb 2nd, 2018 7:57 pm

#4

superangrypenguin: Penalty Box; Aug 10, 2010; 781 posts; 198 upvotes; Mars.

Feb 2nd, 2018 7:57 pm

In bonus pay alone, that's less than the average corporate worker where I work makes a year in performance bonus. I'm fairly certain that's less than what I made in my annual bonus last year too, so I'm not sure how this is outrageous for a top executive.

Don't be a cooch.

+1

Feb 2nd, 2018 8:11 pm

#5

macnut: Deal Fanatic; Oct 26, 2008; 6403 posts; 2074 upvotes; BC

Feb 2nd, 2018 8:11 pm

samin62 wrote: ↑ That seems reasonable compared to executives of your typical corporations

Compared to other Government Agencies? Isn't that the point the article is making? Not comparing it to executive bonuses in the corporate world at large.

+1

Feb 2nd, 2018 9:08 pm

#6

raichu1: Deal Addict; Oct 16, 2013; 2347 posts; 710 upvotes; New Brunswick

Feb 2nd, 2018 9:08 pm

Thats pretty low in the financial sector.

+3

Feb 2nd, 2018 9:28 pm

#7

frozenmelon: Deal Addict; Sep 4, 2007; 1447 posts; 1213 upvotes; Edmonton

Feb 2nd, 2018 9:28 pm

He's doing charity work at that salary. The critics are disconnected from reality.

+4

Feb 2nd, 2018 9:59 pm

#8

TrafficEng: Banned; Dec 22, 2017; 322 posts; 134 upvotes

Feb 2nd, 2018 9:59 pm

That's absurdly low for an "executive"

+4

Feb 2nd, 2018 10:55 pm

#9

Guest3897489578: Deal Addict; Feb 26, 2008; 1821 posts; 1275 upvotes

Feb 2nd, 2018 10:55 pm

So, a few Vice President level employees in an organization that collects about $400 billion of taxes annually received $35k in performance pay? BFD.

The CBC is trying to incite a bit of class warfare here when the only thing untoward is how *low* those bonuses are.

+3

Feb 2nd, 2018 11:01 pm

#10

Sanyo: Deal Guru; Feb 9, 2009; 11290 posts; 9796 upvotes

Feb 2nd, 2018 11:01 pm

I tried to call CRA for an answer today... but I was told the lines were busy and to call back.

Last edited by Sanyo on Feb 2nd, 2018 11:01 pm, edited 1 time in total.

+4

Feb 2nd, 2018 11:55 pm

#11

eblend: Deal Addict; Jul 21, 2005; 1797 posts; 902 upvotes; Alberta

Feb 2nd, 2018 11:55 pm

That's super low for executive....I got 2/3rd of that for my bonus for last year...and I am not an executive...about 4 layers away from one.

+1

Feb 3rd, 2018 12:09 am

#12

YVR BOY: Newbie; Jun 29, 2010; 63 posts; 23 upvotes; Vancouver

Feb 3rd, 2018 12:09 am

Why would they get bonus and not the regular goverment workers? Plus this is tax dollars they are pocketing. This is not right. But I guess that is why the CRA are not as transparent so they can do whatever they want.

+1

Feb 3rd, 2018 12:36 am

#13

TrafficEng: Banned; Dec 22, 2017; 322 posts; 134 upvotes

Feb 3rd, 2018 12:36 am

YVR BOY wrote: ↑ Why would they get bonus and not the regular goverment workers? Plus this is tax dollars they are pocketing. This is not right. But I guess that is why the CRA are not as transparent so they can do whatever they want.

Because they make the govt and in turn me and you money that's why .

I mean if you're angry about pittance of a bonus, are you angry they get paid too? Lol

+2

Feb 3rd, 2018 1:20 am

#14

User455957: Deal Addict; Nov 8, 2017; 1530 posts; 854 upvotes

Feb 3rd, 2018 1:20 am

Not the dumbest thing I've seen on the INTERNET today, but pretty close

+1

Feb 3rd, 2018 1:21 am

#15

burnt69: Deal Addict; Oct 6, 2015; 2463 posts; 1372 upvotes

Feb 3rd, 2018 1:21 am

There's thousands of workers in the public and private sectors who would take those jobs in a flash if given the chance. Keeping in line with such principles, compensation should fall.

+1

Feb 3rd, 2018 8:00 am

#16

garytheduke: Jr. Member; Aug 29, 2011; 193 posts; 148 upvotes; GTA

Feb 3rd, 2018 8:00 am

burnt69 wrote: ↑ There's thousands of workers in the public and private sectors who would take those jobs in a flash if given the chance. Keeping in line with such principles, compensation should fall.

The same can be said about any job with some benefits. However you don’t get the best people applying. Thats why CRA is a mess. The CRA executives in this article have hundreds of people each they are responsible for. The compensation is already depressed.

The Duke

Feb 3rd, 2018 8:20 am

#17

superangrypenguin: Penalty Box; Aug 10, 2010; 781 posts; 198 upvotes; Mars.

Feb 3rd, 2018 8:20 am

burnt69 wrote: ↑ There's thousands of workers in the public and private sectors who would take those jobs in a flash if given the chance. Keeping in line with such principles, compensation should fall.

They're simply not competent enough, duh.

Don't be a cooch.

Feb 3rd, 2018 11:32 am

#18

Guest3897489578: Deal Addict; Feb 26, 2008; 1821 posts; 1275 upvotes

Feb 3rd, 2018 11:32 am

YVR BOY wrote: ↑ Why would they get bonus and not the regular goverment workers? Plus this is tax dollars they are pocketing. This is not right. But I guess that is why the CRA are not as transparent so they can do whatever they want.

Well, the short answer is that the "workers" are unionized and the union insists on guaranteed compensation, irrespective of performance. I mean, could you imagine if unionized workers had a bonus based on subjective evaluation (an objective evaluation would be, "if you assemble 46+ widgets per day, you get a bonus", a subjective evaluation would be "we assess that you have shown leadership competencies and have integrated the organizations values and ethics standards into your daily work")? Every time a unionized employee received less than the maximum bonus, there would be a grievance that the subjective evaluation was discriminatory!

Feb 3rd, 2018 11:53 am

#19

nalababe: Deal Guru; Dec 31, 2005; 13306 posts; 736 upvotes

Feb 3rd, 2018 11:53 am

For those of us at Director level or higher typically have performance bonuses in the 25% of salary range as a target. If the company has a good year, and if you get exceeds expectation type ratings it is easily possible to get up to 50% of salary.

25% of salary is in the 35k range.

As for why to get bonuses.
First scenario, it is a means to tie pay to performance, i.e. lower the base a bit but if you overachieve you get more
Second, it is a means to incentivize those who were successful in one industry/company to jump to another

Feb 3rd, 2018 12:48 pm

#20

burnt69: Deal Addict; Oct 6, 2015; 2463 posts; 1372 upvotes

Feb 3rd, 2018 12:48 pm

garytheduke wrote: ↑ The same can be said about any job with some benefits. However you don’t get the best people applying. Thats why CRA is a mess. The CRA executives in this article have hundreds of people each they are responsible for. The compensation is already depressed.

The CRA clearly doesn't have 'the best people', and never will. So they shouldn't even bother trying to recruit such. Their compensation packages are very generous.

+1