Canada’s 1-per-cent club requires a total income of $191,100, or nearly seven times the median income. There are 272,600 members.
The median individual income in Canada was $29,878 in 2010, the survey showed – which means half the population had an income above that level and half below. The median family income in Canada is $76,000.
Data from the previous census paints a picture of 25 years of stagnant income growth for the middle class. It showed median earnings of full-time workers were $41,401 in 2005 – a change of just $53 when adjusted for inflation over a quarter of a century.
Three million Canadians, or 8.8 per cent of the population, had low incomes in 2011. That’s unchanged from the previous year. More than half a million, or 571,000 children aged 17 and under, lived in low income in 2011 and nearly a quarter of children who lived in single-mother families lived in poverty.
The top 10 per cent of earners receive 28.1 per cent of income and pay 42.1 per cent of Canada’s income tax.
The median individual income in Canada was $29,878 in 2010, the survey showed – which means half the population had an income above that level and half below. The median family income in Canada is $76,000.
Data from the previous census paints a picture of 25 years of stagnant income growth for the middle class. It showed median earnings of full-time workers were $41,401 in 2005 – a change of just $53 when adjusted for inflation over a quarter of a century.
Three million Canadians, or 8.8 per cent of the population, had low incomes in 2011. That’s unchanged from the previous year. More than half a million, or 571,000 children aged 17 and under, lived in low income in 2011 and nearly a quarter of children who lived in single-mother families lived in poverty.
The top 10 per cent of earners receive 28.1 per cent of income and pay 42.1 per cent of Canada’s income tax.
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