You’re Richer Than You Think

Some interesting data on Canadian incomes:

Of the 24.5 million returns filed [in 2009], 18 million Canadians reported total income of $50,000 or less. That”™s not a typo. In other words, ignoring individuals who don”™t file returns such as children, nearly 75% of tax-filing Canadians earned under $50,000 in total income in 2009.

Add another 5 million Canadians who reported total income of between $50,000 and $100,000 and you conclude that about 95% of individuals have income below $100,000 annually.

What about Canada”™s highest income earners? 880,000 Canadians reported income in the range of $100,000 to $150,000, 333,000 reported incomes between $150,000 and $250,000 and a mere 174,000 of tax return filing Canadians or 0.7% had income over $250,000.


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