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So in 1992 the top 5% of Canadians had 21% of the wealth. As of 2004, they have 25%, according to a stats can release a couple days ago. The rest of us middle-income earners haven’t had much of a change.
More intriguing stats:
To be in the top 5%, you need an annual income of $89K. (in the US, you’d need $165K)
1 in 4 of the top 5% is a woman.
If you’re tempted to be bitter, take some consolation – the top5% paid 36% of the taxes CRA received.
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