The Canada Mortgage and Housing Corporation (CMHC) distributed over $31 million in bonuses last year, impacting 79 executives and more than 75% of its workforce, as revealed by data from the Canadian Taxpayers Federation (CTF). This information was prompted by a query from Conservative MP Andrew Scheer regarding bonus distributions across Crown corporations for the 2025-26 fiscal year. CMHC reported a total of $31,720,451 in bonuses, with executives receiving an average of nearly $45,000 and lower-level employees averaging close to $12,000 each. While approximately 77.76% of non-executive employees received bonuses, the percentage of executives who benefited remains undisclosed due to privacy concerns, though earlier reports indicated that nearly all executives received bonuses in the previous fiscal year. The CTF criticized the bonus structure, arguing it contradicts CMHC’s goal of promoting housing affordability.
Why It Matters
This issue highlights the ongoing concerns about compensation practices within public agencies amidst a housing affordability crisis in Canada. A 2025 Abacus Data poll showed that nearly 90% of Canadians are worried about housing costs, with many struggling to afford rent or mortgage payments. The CMHC’s mandate is to enhance housing affordability, yet the distribution of substantial taxpayer-funded bonuses raises questions about accountability and effectiveness. Historical data shows that executive pay at CMHC has significantly increased over recent years, further fueling debates on the appropriateness of such bonuses in a context where many Canadians face housing insecurity.
Want More Context? 🔎
