Executive Compensation Report 2005

RANK	COMPANY	CEO	TOTAL($)	DETAILS
1	Precision Drilling Trust	Swartout, Hank	$74,824,335
Salary: $840,000 Bonus: $3,360,000 Subtotal: $4,200,000 4% chg Other: $15,589,000 Share Units: $0 Option Gains: $55,035,331 TOTAL: $74,824,335 New option grant: 403,038 ($3,345,215) Industry: Energy Legend
2	Canadian National Railway Co.	Harrison, Hunter	$56,219,496
Salary: $1,665,950 Bonus: $4,664,660 Subtotal: $6,330,610 2% chg Other: $1,710,324 Share Units: $20,931,213 Option Gains: $27,247,347 TOTAL: $56,219,496 New option grant: 250,000 ($2,136,051) Industry: Industrials Legend
3	Nortel Networks Corp.(1)	Zafirovski, Mike	$37,429,297
Salary: $305,785 Bonus: $0 Subtotal: $305,785 % chg Other: $28,698,591 Share Units: $8,424,921 Option Gains: $0 TOTAL: $37,429,297 New option grant: 5,000,000 ($10,695,000) Industry: Information Technology Legend
4	Canadian Imperial Bank of Commerce	Hunkin##, John	$29,471,306
Salary: $750,000 Bonus: $0 Subtotal: $750,000 -81% chg Other: $2,250 Share Units: $28,719,137 Option Gains: n/a TOTAL: $29,471,306 New option grant: 0 ($0) Industry: Financials Legend
5	Talisman Energy Inc.	Buckee, James	$23,330,301
Salary: $1,104,300 Bonus: $1,988,000 Subtotal: $3,092,300 5% chg Other: $151,704 Share Units: $0 Option Gains: $20,086,292 TOTAL: $23,330,301 New option grant: 300,000 () Industry: Energy Legend
6	Potash Corp. of Saskatchewan	Doyle, William	$22,128,851
Salary: $1,151,020 Bonus: $1,279,450 Subtotal: $2,430,470 -14% chg Other: $165,412 Share Units: $7,672,916 Option Gains: $11,860,067 TOTAL: $22,128,851 New option grant: 225,000 ($5,351,334) Industry: Materials Legend
7	Magna International Inc.	Walker, Donald	$19,557,890
Salary: $195,795 Bonus: $6,061,090 Subtotal: $6,256,885 % chg Other: $43,133 Share Units: $13,257,872 Option Gains: $0 TOTAL: $19,557,890 New option grant: 0 ($0) Industry: Consumer Discretionary Legend
8	Power Corp. of Canada	Desmarais, Andre	$18,844,090
Salary: $906,000 Bonus: $700,000 Subtotal: $1,606,000 1% chg Other: $545,064 Share Units: $0 Option Gains: $16,693,025 TOTAL: $18,844,090 New option grant: 263,000 ($2,272,320) Industry: Financials Legend
9	EnCana Corp.	Morgan##, Gwyn	$18,162,456
Salary: $1,475,000 Bonus: $2,660,000 Subtotal: $4,135,000 2% chg Other: $159,171 Share Units: $1,916,000 Option Gains: $11,952,283 TOTAL: $18,162,456 New option grant: 150,000 () Industry: Energy Legend
10	Bank of Nova Scotia	Waugh, Richard	$17,180,536
Salary: $1,000,000 Bonus: $1,500,000 Subtotal: $2,500,000 -3% chg Other: $275,801 Share Units: $3,000,000 Option Gains: $11,404,738 TOTAL: $17,180,536 New option grant: 224,788 ($3,000,000) Industry: Financials Legend
11	Cameco Corp.	Grandey, Gerald	$16,567,579
Salary: $771,300 Bonus: $600,000 Subtotal: $1,371,300 -1% chg Other: $6,449 Share Units: $2,433,600 Option Gains: $12,756,231 TOTAL: $16,567,579 New option grant: 210,000 ($2,558,325) Industry: Energy Legend
12	Peyto Energy Trust	Gray, Donald	$15,512,035
Salary: $210,000 Bonus: $15,302,021 Subtotal: $15,512,021 14% chg Other: $0 Share Units: $0 Option Gains: $0 TOTAL: $15,512,035 New option grant: 120,000 () Industry: Energy Legend
13	TELUS Corp.	Entwistle, Darren	$14,096,690
Salary: $970,000 Bonus: $1,200,000 Subtotal: $2,170,000 54% chg Other: $149,635 Share Units: $4,473,780 Option Gains: $7,303,221 TOTAL: $14,096,690 New option grant: 140,200 ($1,693,616) Industry: Telecom Services Legend
14	Power Corp. of Canada	Desmarais Jr., Paul	$13,881,209
Salary: $906,000 Bonus: $700,000 Subtotal: $1,606,000 1% chg Other: $455,021 Share Units: $0 Option Gains: $11,820,187 TOTAL: $13,881,209 New option grant: 263,000 ($2,272,320) Industry: Financials Legend
15	George Weston Ltd.(2)	Weston, Galen	$13,443,682
Salary: $1,600,000 Bonus: $460,000 Subtotal: $2,060,000 -10% chg Other: $10,000 Share Units: $2,830,059 Option Gains: $8,543,633 TOTAL: $13,443,682 New option grant: 187,383 () Industry: Consumer Staples Legend
16	Sherritt International Corp.	Delaney, Ian	$13,254,590
Salary: $750,000 Bonus: $112,500 Subtotal: $862,500 15% chg Other: $331,405 Share Units: $0 Option Gains: $12,060,670 TOTAL: $13,254,590 New option grant: 0 ($0) Industry: Materials Legend
17	Penn West Energy Trust	Andrew, William	$12,102,463
Salary: $350,000 Bonus: $400,000 Subtotal: $750,000 67% chg Other: $59,073 Share Units: $0 Option Gains: $11,293,390 TOTAL: $12,102,463 New option grant: 545,000 ($3,542,500) Industry: Energy Legend
18	Alimentation Couche-Tard Inc.	Bouchard, Alain	$12,048,833
Salary: $850,000 Bonus: $424,307 Subtotal: $1,274,307 26% chg Other: $0 Share Units: $0 Option Gains: $10,774,500 TOTAL: $12,048,833 New option grant: 0 ($0) Industry: Consumer Staples Legend
19	Alcan Inc.	Engen##, Travis	$11,850,529
Salary: $1,817,400 Bonus: $4,240,600 Subtotal: $6,058,000 38% chg Other: $-1,044,265 Share Units: $6,836,756 Option Gains: $0 TOTAL: $11,850,529 New option grant: 450,100 ($6,058,000) Industry: Materials Legend
20	MDS Inc.	Rogers##, John	$11,730,988
Salary: $425,000 Bonus: $195,000 Subtotal: $620,000 -16% chg Other: $10,772,801 Share Units: $338,203 Option Gains: $0 TOTAL: $11,730,988 New option grant: 46,000 ($275,080) Industry: Health Care Legend
21	Imperial Oil Ltd.	Hearn, Tim	$11,497,563
Salary: $1,100,000 Bonus: $900,000 Subtotal: $2,000,000 7% chg Other: $418,028 Share Units: $8,302,498 Option Gains: $777,030 TOTAL: $11,497,563 New option grant: 0 ($0) Industry: Energy Legend
22	Canadian Tire Corp.	Sales##, Wayne	$11,259,253
Salary: $990,000 Bonus: $1,079,555 Subtotal: $2,069,555 -9% chg Other: $2,651,745 Share Units: $1,613,968 Option Gains: $4,923,994 TOTAL: $11,259,253 New option grant: 0 ($0) Industry: Consumer Discretionary Legend
23	Ivanhoe Mines Ltd.	Friedland, Robert	$10,875,000
Salary: $0 Bonus: $0 Subtotal: $0 % chg Other: $0 Share Units: $0 Option Gains: $10,875,000 TOTAL: $10,875,000 New option grant: 0 ($0) Industry: Materials Legend
24	Inco Ltd.	Hand, Scott	$10,715,736
Salary: $1,240,969 Bonus: $2,416,888 Subtotal: $3,657,857 12% chg Other: $161,791 Share Units: $2,436,903 Option Gains: $4,459,173 TOTAL: $10,715,736 New option grant: 54,000 ($800,789) Industry: Materials Legend
25	Onex Corp.	Schwartz, Gerald	$10,576,533
Salary: $781,300 Bonus: $9,795,248 Subtotal: $10,576,548 -15% chg Other: $0 Share Units: $0 Option Gains: $0 TOTAL: $10,576,533 New option grant: 0 ($0) Industry: Information Technology Legend

• ## Former CEO
• (1) "Other" includes payments used to settle a lawsuit with a former employer
• (2) Includes compensation from George Weston Ltd. And Loblaw Cos. Ltd.
• (3) Includes options from Paramount Energy Trust
• (4) Compensation is a lump sum under a management agreement
• (5) Numbers are for five months ended Dec. 31
• (6) Includes payments from Cogeco Inc.
• (7) Option totals include warrants
• (8) Compensation is paid by Quebecor World
• (9) Executive compensation data not provided -- paid by manager
• (10) Executive compensation data not provided -- paid by manager
• (11) Executive compensation data not provided -- paid by manager
• (12) Executive compensation data not provided -- paid by TransAlta Corp.
• (13) Executive compensation data not provided.
• (14) Executive compensation data not provided -- paid by administrator
• (15)Executive comp data not provided -- paid by Epcor
• (16)Executive compensation not provided -- paid by manager