So what does it take to be counted as part of Canada’s 1%? Well if you earned just over $200k you’re in the club. On average, the top 1% of Canadian earners, make just under half a million bucks last year and if you’re in the club you’re probably a doctor, dentist, senior manager or a vet. Here’s how it breaks down by province.
Provinces
In 2010, four provinces – Ontario, Alberta, Quebec and British Columbia – accounted for 92% of the 254,700 people in the top 1%.
Ontario had 110,300, followed by Alberta with 52,200, Quebec at 42,600 and British Columbia with 29,500.
Between 1990 and 2010, Alberta’s share of the top 1% of filers doubled from 10% to 20%, while Ontario’s proportion fell from 51% to 43%.
Metropolitan areas
The five largest census metropolitan areas – Montréal, Toronto, Calgary, Edmonton and Vancouver – accounted for 62% of the top 1% of tax filers in 2010. In contrast, these five metropolitan areas had 42% of all tax filers.
Calgary had 27,300 tax filers in the top 1% in 2010. However, between 1989 and 2010, its share of the national total more than doubled from 5% to 11%.
The median income of the top 1% of tax filers who lived in Toronto was $301,200 in 2010, while in Calgary, it was $293,800. The top 1% in Calgary held 26% of the metropolitan area’s total income, while those in Toronto accounted for 18%.
via The Daily — High-income trends among Canadian taxfilers, 1982 to 2010.
must be net, net, net
after expenses
after deductions
after tax
am i right?
Any case it’s good that there are people who are so good at making money. And of course it would be much better if there were more people who earn enough cash. I think this information can be helful for those who would like to know about best-paid jobs. Almost always they are connected with taking risks, if you take a risk or do really complicated job (for example, like doctors do), then probably you have a chance to join 1% club. We all know that there are lots of wealthy people in Canada but at the same time there are lots of those who live through instant loans online and don’t know how to make ends meet. But economy needs rich people because they pay taxes and show that there's an opportunity of professional growth in the country.