Coherent Identifier About this item: 20.500.12592/86mnt9

A profile of high income Canadians, 1982 to 2004 : Profil des canadiens à revenu élevé, 1982 à 2004




Concentration of income and wealth at the high end of the distribution of income can be important as a reflection of the tolerance of increased inequality in Canada and it may help our understanding of changes in policy driven by changes in economic resources. [...] In a study that explicitly considered the definition of high income, Murphy, Finnie and Wolfson (1994) used the top 5% of the income distribution or about three times the median income as the definition of high income. [...] In contrast, the share of the top 5% increased by about one-quarter, while that of the top 1% increased by about half, and that of the top 0.1% and 0.01% came close to doubling. [...] Not only has the size of the aggregate total income share accruing to the top 5% of individual income tax filers grown, but so too have the number of high income earners. [...] From 1982 to 2004, the proportion of the aggregate income “pie” accruing to the top of the income distribution increased (Table 5).



economics economy poverty taxation finance tax system canada equity income wealth revenue pension income taxes economic inequality quintile household income in the united states rich people dividend median cut-off canada revenue agency progressive