Joining the cream of the crop in Canada

MONTREAL — More women are joining the one-per-cent club but still accounted for less than one-quarter of the country’s top earners in 2014, according to Statistics Canada.

Women made up 22 per cent of the top one per cent of tax filers in 2014 compared to 10 per cent in the early 1980s, said the agency’s Canadian Megatrends report released Friday.

The survey found that Canada had 268,500 tax filers in the top one per cent in 2014 earning at least $225,100, excluding government transfer payments.

Women further made up 15 per cent of the nearly 27,000 Canadians who earned at least $724,000, up from 10 per cent in 1982.

The growth came as more women have entered the workplace, graduated from universities and experienced a shrinking gender wage gap, said Andrew Heisz, assistant director of the income statistics division of Statistics Canada.

“The fact that women are more often found in the top one per cent of market income recipients would be consistent with all those things,” Heisz said in an interview.

Top earners of both sexes are increasingly receiving their money from wages and salaries compared to the early 1980s when it was more likely to come from owning capital or businesses, the report said.

Although the top one per cent earned about 12 per cent of all income in Canada in 2014, the rich have gotten richer since 1982.

The bottom half of income earners saw their share of total Canadian income decrease 28.4 per cent between 1982 and 2014 while the top one per cent’s share grew 53 per cent.

Similar trends have been seen in many countries, including the United States and Britain, but is less pronounced in high income countries such as Japan, France or Germany.

The Canadian income gap was greatest in its biggest cities. The difference in income between the top one per cent and median tax filers was largest in Toronto, Calgary and Vancouver.

The ratio grew the most in Toronto and Calgary, about doubling over the past three decades.

The report measured activity before the economic downturn in Western Canada caused by weakened commodity prices, including energy.

The wealthiest have seen their share of Canada’s income grow since the Second World War. Over the past 30 years it increased 75 per cent to peak at almost 14 per cent in 2007.

However, that’s still below the levels of the Great Depression.

The top one per cent accounted for about 18 per cent of total income in 1938.

That was followed by an eight percentage point drop over six years during the social and economic upheaval of the war years.

Just Posted

Man from Olds killed in collision near Sundre

A 39-year-old man from Olds was killed in a collision near Sundre… Continue reading

Tips to keep crime at bay this Christmas

’Tis the season for joy and celebration, but the Christmas season can… Continue reading

Olympic ski run designer creates upgrades at Canyon Ski Resort

Jeff Ihaksi says free-style and alpine ski venues are Canada Winter Games-worthy

Updated: Collision expert backs version of crash of driver accused of manslaughter

Daniel Newsham accused of manslaughter in fatal 2016 collision

WATCH: More than 100 protest UN migration pact, carbon tax in Red Deer

Chants of “Trudeau must go” echoed through the streets of downtown Red… Continue reading

Tkachuk’s goal in 3rd gives Flames 2-1 win over Wild

ST. PAUL, Minn. — Matthew Tkachuk scored the go-ahead goal midway through… Continue reading

Women use scent to lure wolf-dog that ran away from Calgary airport

EDMONTON — A woman from Alberta is thanking an unconventional strategy for… Continue reading

Suspect in Alberta, Saskatchewan bank robberies to get mental assessment

MEDICINE HAT, Alta. — A former Winnipeg broadcaster and journalism instructor accused… Continue reading

Trudeau to make it harder for future PM to reverse Senate reforms

OTTAWA — Justin Trudeau says his government hopes to make legal changes… Continue reading

No winning ticket for Friday night’s $60 million Lotto Max jackpot

TORONTO — There was no winning ticket for the $60 million jackpot… Continue reading

All evacuation orders lifted in deadly California wildfire

PARADISE, Calif. — All evacuation orders have been lifted in Paradise more… Continue reading

All aflutter about our feathered friends

Christmas Bird Count will be held Dec. 23

Baylor ties pervade rape case that sparked uproar

DALLAS — The Texas judge who approved a plea deal allowing a… Continue reading

Most Read