The CBC has approved future bonuses for its executives and non-unionized staff, as revealed in the state broadcaster’s latest annual review. On June 25, the CBC discreetly posted a notice on its website, announcing the approval of another round of bonuses, just days after the latest parliamentary session ended, first reported by La Presse.
These bonuses are for work done in the 2023-24 fiscal year. The exact cost to taxpayers for this new round of bonuses remains unclear.
“There’s no way taxpayers should be paying for another round of CBC bonuses,” said Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation (CTF). “It’s a little suspicious the CBC chose to quietly publish this news days after Parliament broke for summer and after CBC President Catherine Tait was routinely grilled by MPs on this topic for months.”
Internal documents obtained by the CTF show the CBC approved $14.9 million in bonuses in 2023 while cutting 346 jobs during the 2023-24 fiscal year. Since 2015, the CBC has distributed $114 million in bonuses.
The CBC’s strategic plan lists five “key performance indicators” (KPIs) that trigger bonuses for staff. The annual report detailing the 2023-24 KPI results will be available later this summer.
Back in December 2023, the CBC announced it would be facing a $125 million shortfall for the 2024-25 fiscal year, and would be cutting 600 jobs and reducing English and French programming.
The public broadcaster acknowledged some believe bonuses should not be awarded during times of financial pressure and workforce reductions. Consequently, the CBC will conduct a comprehensive review of its compensation regime through a third-party human resources consulting firm, with the cost of this report being unknown.
This year, the CBC will receive $1.4 billion in taxpayer funds, an all-time high, plus a $42-million top-up in Budget 2024 after Tait cited “chronic underfunding.”
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Dinosaurs use to roam freely once upon a time…
“iPhone in Canada”
Just reminding everyone what the name of this site is.
Back to your video games, the grown ups are trying to read here.
If you haven’t figured out what this site is about by now, there is no point in even trying to explain it to you.
🙂
It’s funny, in my field, we get bonuses when we exceed targets, not when we miss them and need a record breaking lifeline. What a joke.
Maybe you can find work in your field in the public sector?
With a government focused on higher taxes and spending through debt, it isn’t really surprising that the various employers within the public sector think there’s a magic money tree. In private sector, bonuses have to be based on financial realities. In our current regime, public sector only needs imagination and fantasy.
Another slap in the face to taxpayers who fund these outrageous bonuses. Meanwhile, in the real world of hardworking Canadians, the cost of living skyrockets yet again. But, who cares, eh, CBC?
How does this country find monies to pass out on bonuses above and beyond regular salaries for CBC management and yet cannot find the money to support is own military defense.
CBC has reached its "best before" date.
How? Basically a large scale Ponzi scheme that burdens out grandkids and their grandkids with the debt we are building today and a gov that is desperate to buy votes by massively expanding the public service and making it rain.