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The Canada Wealth Gap Statistics 2013

Couting-Hundred-Dollar-Bills

In Canada the top .01% of income earners have an average income of $6 million, and collectively earn 1.5% of our total income. Sounds like a lot until you look at the US, where the top .01% earn an average of $24 million each – which adds up to a 4.5% share of the total.

(from Canadian Business, Dec 9, 2013, Editor’s Letter by Duncan Hood)

 

Median Net Worth of Canadian families by age and gender 2005

In 2005, principal residence and other real estate represented 42.0% of total assets of all Canadian families

 

The median value of assets owned by Canadian families climbed from $184,622 in 1999 to $229,930 in 2005

 

Median household net worth in Canada over the life cycle