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The highest-paid bank CEOs in Canada

  • <p><b>No. 5: Victor Dodig, CIBC</b><br>Total direct compensation in 2016: $8,793,500<br>(THE CANADIAN PRESS/Darryl Dyck) </p>
    1/5

    Highest paid bankers in Canada

    No. 5: Victor Dodig, CIBC
    Total direct compensation in 2016: $8,793,500
    (THE CANADIAN PRESS/Darryl Dyck)

  • <p><b>No. 4: Bharat Masrani, Toronto-Dominion Bank Group</b><br>Total direct compensation in 2016: $8,950,00<br>(Photo: Reuters) </p>
    2/5

    Highest paid bankers in Canada

    No. 4: Bharat Masrani, Toronto-Dominion Bank Group
    Total direct compensation in 2016: $8,950,00
    (Photo: Reuters)

  • <p><b>No. 3: Brian Porter, Bank of Nova Scotia</b><br>Total direct compensation in 2016: $10,110,000<br>(THE CANADIAN PRESS/Jeff McIntosh) </p>
    3/5

    Highest paid bankers in Canada

    No. 3: Brian Porter, Bank of Nova Scotia
    Total direct compensation in 2016: $10,110,000
    (THE CANADIAN PRESS/Jeff McIntosh)

  • <p><b>No. 2: William Downe, Bank of Montreal<br></b>Total direct compensation in 2016: $10,623,750<br>(THE CANADIAN PRESS/Frank Gunn) </p>
    4/5

    Highest paid bankers in Canada

    No. 2: William Downe, Bank of Montreal
    Total direct compensation in 2016: $10,623,750
    (THE CANADIAN PRESS/Frank Gunn)

  • <p><b>No. 1: David McKay, Royal Bank of Canada</b><br>Total direct compensation in 2016: $11,521,000<br>(Photo: Getty) </p>
    5/5

    Highest paid bankers in Canada

    No. 1: David McKay, Royal Bank of Canada
    Total direct compensation in 2016: $11,521,000
    (Photo: Getty)

<p><b>No. 5: Victor Dodig, CIBC</b><br>Total direct compensation in 2016: $8,793,500<br>(THE CANADIAN PRESS/Darryl Dyck) </p>
<p><b>No. 4: Bharat Masrani, Toronto-Dominion Bank Group</b><br>Total direct compensation in 2016: $8,950,00<br>(Photo: Reuters) </p>
<p><b>No. 3: Brian Porter, Bank of Nova Scotia</b><br>Total direct compensation in 2016: $10,110,000<br>(THE CANADIAN PRESS/Jeff McIntosh) </p>
<p><b>No. 2: William Downe, Bank of Montreal<br></b>Total direct compensation in 2016: $10,623,750<br>(THE CANADIAN PRESS/Frank Gunn) </p>
<p><b>No. 1: David McKay, Royal Bank of Canada</b><br>Total direct compensation in 2016: $11,521,000<br>(Photo: Getty) </p>
Yahoo Finance Canada

With the direction of some of the biggest companies in the country at their whim, it’s no surprise that bank CEOs are paid handsomely.

Click through the gallery to see how much the top executives from Canada’s Big Five banks take home.

The data was gleaned from a new report by Toronto-based consultant Gallagher McDowall Associates that was released Tuesday.

You can also see the earnings of their counterparts south of the border here, and the highest paid CEOs in all of Canada here.