By lunchtime Monday, Canada’s top chief executives had already banked an average worker’s annual salary.

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To put that another way, in 2014, the country’s top-paid CEOs took home 184 times as much as the average Canadian worker, according to an annual report on publicly-traded companies released Monday by the Canadian Centre for Policy Alternatives.

According to the report, the average take-home for a CEO in the country was $8.96 million, accumulated through salaries, stock options, bonuses, and share grants. Meanwhile, the average worker earned a total of $48,636, while the average minimum wage worker got $22,010.

“What really struck me more than anything else—given the fact that the Canadian economy was already quite weak and commodity prices were already deteriorating in 2014—was the resilience of CEO compensation,” the report’s author, research associate Hugh Mackenzie, told The Star on Monday. “My general suspicion is that all these things are ways of paying people more without people being able to figure out exactly how much.”

Although executive paychecks dipped slightly in 2014 from the previous year, the report, Staying Power: CEO Pay in Canada (pdf), also found that CEO compensation climbed by 25 percent between 2008 and 2013.

Meanwhile, the average worker’s salary increased by just 11 percent.

“When you adjust 1998 income for inflation, an even more dramatic picture emerges of how wide the gap between the top 100 CEOs in Canada and the rest of us has become,” Mackenzie wrote. “Adjusted for inflation, the average income of the top 100 CEOs has increased by 89% since 1998, while the average Canadian income grew by 8%. We should keep in mind that this income boom continued through a deep recession from which Canada has yet to fully emerge.”

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