According to new data from Statistics Canada, the top 1% of income tax filers across the country earned more than $500,000 in 2021.
The federal agency added that Canada’s top 1% saw their incomes grow by nearly 10% in 2021 to an average of $579,000 in earnings.
Income tax filers in the top 0.1% quotient saw their income rise 17% to an average of $2.1 million during 2021, which is the latest data available.
At the same time, Canadians at the bottom half of the income ladder saw their average earnings decrease by 6% to $21,100 in 2021 as government supports during the Covid-19 pandemic ended.
Statistics Canada added that women made up roughly 26% of the top 1% of income tax filers in 2021, up from 25% in 2020 and 11% back in 1982.
