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Feds dish out $406 million in bonuses in 2023

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3 minute read

From the Canadian Taxpayers Federation

Author: Ryan Thorpe

About 90 per cent of federal government executives take a bonus each year, according to records obtained by the CTF.

“Less than 50 per cent of [performance] targets are consistently met within the same year”

The Trudeau government rubberstamped more than $406 million in bonuses to federal departments and Crown corporations during the last fiscal year, according to government records obtained by the Canadian Taxpayers Federation.

“Bonuses are for when you do a good job, they shouldn’t be handed out like participation ribbons,” said Franco Terrazzano, CTF Federal Director. “Taxpayers can’t afford to bankroll big bonus cheques each and every year for highly-paid government executives.”

Bureaucrats working in federal departments and agencies took home $210,784,269 in taxpayer-funded bonuses in 2023-24. Meanwhile, bureaucrats working in federal Crown corporations took $195,637,952 in bonuses.

All told, the federal government dished out $406,422,221 in bonuses last year.

This pushes total bonuses for bureaucrats working in federal departments to more than $1.5 billion since 2015.

About 90 per cent of federal government executives take a bonus each year, according to records obtained by the CTF.

“Less than 50 per cent of [performance] targets are consistently met within the same year,” according to the Parliamentary Budget Officer, the government’s independent, non-partisan budget watchdog.

“In the real world, when you fail to do your job you might get a pink slip, not a big bonus cheque,” Terrazzano said. “The government needs to stop handing out these taxpayer-funded bonuses to failing government executives.”

The records detailing bonuses for 2023-24 were released in response to order paper questions submitted by Conservative member of Parliament Andrew Scheer (Regina-Qu’Appelle). The records break down both executive and non-executive bonuses.

The Business Development Bank of Canada issued more bonuses than any other Crown corporation, with its bureaucrats taking home more than $59 million.

The Department of Justice issued the most bonuses among federal departments and agencies, with its bureaucrats taking home more than $18 million.

Top-5 Crown corporations

Total bonuses

Executives who got a bonus

Business Development Bank of Canada

$59,105,600

100%

Export Development Canada

$35,632,112

95%

Canada Mortgage and Housing Corp.

$27,328,821

100%

Canadian Broadcasting Corporation

$14,902,755

100%

VIA Rail

$11,391,998

73%

 

Top-5 federal departments

Total bonuses

Executives who got a bonus

Department of Justice

$18,969,929

97%

Canada Revenue Agency

$18,076,704

97%

Employment & Social Development Canada

$12,936,480

98%

Global Affairs Canada

$12,593,425

94%

Superintendent of Financial Institutions

$12,465,982

90%

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Musk: X to sue groups that conspire to boycott conservative news sites

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From The Center Square

“That system guarantees that advertising dollars flow only to left-leaning media brands.”

Tesla founder and X owner Elon Musk said Thursday he plans to file a lawsuit against a collaboration of people and organizations that work to prevent advertising dollars from going to conservative news media brands.

Musk announced his intention on X while sharing video of Daily Wire co-founder Ben Shapiro’s Congressional testimony on the topic from Wednesday.

“Having seen the evidence unearthed today by Congress, 𝕏 has no choice but to file suit against the perpetrators and collaborators in the advertising boycott racket,” Musk wrote. “Hopefully, some states will consider criminal prosecution.”

At Wednesday’s House Judiciary Committee hearing on “Collusion in the Global Alliance for Responsible Media,” Shapiro told lawmakers that legacy media and their political allies conspire with online advertising gatekeepers to paint conservative news organizations as “dangerous,” limiting their opportunity to receive advertising revenue.

“There is in fact an internal pressure system created by Democratic legislators, this White House, legacy media, advertisers and pseudo-objective brand safety organizations,” Shapiro testified. “That system guarantees that advertising dollars flow only to left-leaning media brands.”

Shapiro identified the Global Alliance for Responsible Media (GARM) as one of those gatekeepers of online advertising revenue.

“In reality, GARM acts as a cartel. Its members account for 90% of ad spending in the United States, almost a trillion dollars,” he testified. “In other words, if you’re not getting ad dollars from GARM members, it’s nearly impossible to run an ad-based business. And if you’re not following their preferred political narratives … you will not be deemed brand safe. Your business will be throttled.”

​Dan McCaleb is the executive editor of The Center Square. He welcomes your comments. Contact Dan at [email protected].

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Artificial Intelligence

Elon Musk is building the ‘most powerful Artificial Intelligence training cluster in the world’

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News release from The Deep View

Elon Musk’s xAI has ended talks with Oracle to rent more specialized Nvidia chips — in what could have been a $10 billion deal — according to The Information.
Musk is instead buying the chips himself, all to begin putting together his planned “gigafactory of compute.”
The details: Musk confirmed in a post on Twitter that xAI is now working to build the “gigafactory” internally.
  • Musk explained that the reason behind the shift is “that our fundamental competitiveness depends on being faster than any other AI company. This is the only way to catch up.”
  • “xAI is building the 100k H100 system itself for fastest time to completion,” he said. “Aiming to begin training later this month. It will be the most powerful training cluster in the world by a large margin.”
xAI isn’t the only one trying to build a supercomputer; Microsoft and OpenAI, also according to The Information, have been working on plans for a $100 billion supercomputer nicknamed “Stargate.”
Why it matters: The industry is keen to pour more and more resources into the generation of abstractly more powerful AI models, and VC investments into AI companies, as we noted yesterday, are growing.
But at the same time, concerns about revenue and return on investment are growing as well, with a growing number of analysts gaining confidence in the idea that we are in a bubble of high costs and low returns, something that could be compounded by multi-billion-dollar supercomputers.
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