This report examines the details of Statistics Canada's wealth survey and finds that wealth inequality trends have quietly gone unnoticed—and in fact, Canada's wealth gap is bigger than its income gap. The report also provides an analysis of the 86 wealthiest Canadian residents, finding that they held the same amount of wealth in 2012 as the bottom 11.4 million Canadians combined. The paper concludes by examining a few options to help narrow Canada’s wealth gap, including reforms to capital gains tax and a higher inclusion rate/higher income taxes at the top of Canada’s income spectrum.
Documenting Canada's Wealth Gap
April 3, 2014