Canada Infrastructure Bank CEO Expected to Make More than $1 Million a Year
December 11, 2018
FOR IMMEDIATE RELEASE
OTTAWA, ON – Matt Jeneroux, Shadow Minister for Infrastructure, Communities and Urban Affairs, released the following statement following the tabling of documents stating that with bonuses, the CEO of the Canadian Infrastructure Bank is expected to make more $1 million a year:
“Documents tabled in the House of Commons show that Justin Trudeau is prepared to pay the CEO of Canada’s Infrastructure Bank more than $1 million dollars a year with bonuses. It is unacceptable that the Liberals are willing to spend this money on salaries while the Canadian Infrastructure Bank has failed to build critical infrastructure projects needed by Canadians from coast to coast.
“The documents state the CEO of the newly-created Crown corporation will earn up to $600,000 a year as a base salary. However, annual incentive awards and long-term incentive awards could more than double the CEO’s salary within five years.
“Justin Trudeau promised a balanced budget next year. Now, he admits it will be a massive deficit instead. It should come as no surprise that the Prime Minister would find it okay to pay the CEO of his failed infrastructure bank more than $1 million a year, especially given the fact that nothing’s been done to help local infrastructure.
“The Prime Minister is making future generations pay for his out-of-control spending and continues to show absolutely no regard for Canadians’ hard-earned money. Andrew Scheer’s Conservatives will continue to be the party of the taxpayer and ensure that public money is spent responsibly.”
For more information, please contact:
Office of Matt Jeneroux, MP