Thompson was born in Powell River, British Columbia, in 1940. By 1960, he had begun working steadily as a freelance musician, at this point, mainly on bass. In 1965, Thompson joined the now legendary John Handy Quintet and moved to San Francisco. During his tenure with the Handy band, Thompson appeared on several recordings, most notably the infamous John Handy Live at the Monterey Jazz Festival.
Thompson returned to Toronto in 1967, and since 1969 has been a resident there. In 1974, he became a member of guitarist Jim Hall's trio, primarily as a bassist. In 1982 he joined pianist George Shearing's band, a position he held for a five-year period. Since returning to Toronto, Thompson's lengthy musical collaborations have included work with, amongst others, Canadians Rob McConnell, Moe Koffman, Ed Bickert, Lenny Breau, and Sonny Greenwich. Thompson's long list of musical associations includes performances (and often recordings) with; Paul Desmond, Milt Jackson, Art Farmer, James Moody, Zoot Sims, Clark Terry, Harry Edison, Frank Rosolino, Slide Hampton, Lee Konitz, Sarah Vaughan, Red Rodney, Joe Henderson, Dewey Redman, Red Mitchell, and Kenny Wheeler. ~ Dan Cross, Rovi