Income inequality continues to rise: CPA

Income inequality continues to rise, notes a new report from the Chartered Professional Accountants of Canada.

Recent OECD data show the top 1% of Canadians hold more than 15% of overall wealth in the country, and in 2012 the richest 20% of Canadian households held 67% of the country’s net worth in 2012.

The report also notes that while Canada’s measure of income mobility between generations (IGE) is considered low relative to other advanced nations, research from 2016 that draws from a more comprehensive dataset suggests earlier estimates likely understate Canada’s IGE by nearly 50%.

Read the report