Breaking News

Toronto Load More

OntarioLoad More

CanadaLoad More



Monday, January 28, 2013

Richest one per cent of Canadians earn one-tenth of all income

Statistics Canada says the top one per cent of the country's 25.5 million tax filers accounted for 10.6 per cent of the nation's total income in 2010, down from a peak of 12.1 per cent in 2006.


OTTAWA—Statistics Canada says the top one per cent of the country’s 25.5 million tax filers accounted for 10.6 per cent of the nation’s total income in 2010, down from a peak of 12.1 per cent in 2006.
However, that top one per cent also paid 21.2 per cent of all federal and provincial or territorial income taxes, down from the peak of 23.3 per cent in 2007.
In 2010, a tax filer required an annual income of $201,400 to be in the top one per cent, up from $147,500 in 1982.
The income gap between the top one per cent and the rest of filers has widened over time, calculated in 2010 constant dollars.
In 1982, the median income of the top filers was $191,600 or seven times the median income of $28,000 for the other 99 per cent.
By 2010, the median income of the top filers increased to $283,400, about 10 times the median income of $28,400 for the rest.
The Canadian Press
Share This
Blogger
Facebook
Disqus

comments powered by Disqus

No comments:

Post a Comment

Subscribe
Stay Connected
Featured

Enter your email address:

Delivered by FeedBurner

© The Toronto Post All rights reserved