Saturday, February 15, 2014

Investment income brings you to the 1%

This Globe and Mail video looks and the income and demographics of Canada's 1%.

I knew they would be in management and health related industries but I was happy to learn they are also likely to be self-employed and/or earn their income from investments.

They also pay 42% of the taxes in Canada. A further by province breakdown relating to taxes can be found here.

There used to be and All Canadian wealth test but it is down. If you'd like to know where you rate try CNN's wealth test.

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