This report draws on Statistics Canada’s Survey of Financial Security to examine the extent of wealth inequality in Canada. The major finding is that Canada’s wealth gap is big and growing — the wealthiest 10 per cent of families enjoy a net worth that’s millions more than families in the middle of the income spectrum — and that wealth advantage starts early in an affluent family’s life. Young affluent families in their twenties have a major wealth advantage: their net worth is already higher than middle class families in their fifties and sixties.
The Growing Wealth Gap Between Canada’s Affluent and the Middle Class
June 25, 2015