The most recent National Household Survey of the country reflects the shifting fortunes of Canadians, the top 10% of earners in 2010 netted a median income of $102,313, while the top 5% had an median income of $131,541 and the top 1% earned a median income of $264,943.
More from Statistics Canada’s 2011 National Household Survey, about how Canadians live:
- The national median income for the 95% of Canadians who earned any type of income in 2010 was $29,900.
- The higher your income bracket, the more likely your income came from employment income, rather than other sources.
- 1%, More of them lived in Toronto, but Calgary had more per capita than any other city in Canada.
- Canada’s top-earning 1% had an average income of $381,336 in 2011.
- 4.8 million Canadians (15%) lived in low-income households in 2011. If they lived in a low-income neighbourhood they were likely living alone, a visible minority or a recent immigrant.
- The younger you were, the more likely you dedicated more than 30% of your income to shelter costs.
- Only 20% of Canadians who bought a home between 2006 and 2011 were able make the buy without a mortgage.
- If you’re one of the 12% of households who lived in a condominium in 2011, you probably lived in one of Toronto, Vancouver or Montreal. Half of all condo dwellers lived in those three census areas.
- Condos were less expensive to buy than houses, and condo owners had a lower household income than homeowners.
- Six in 10 seniors had retirement income from private sources to supplement their Canada Pension and Old Age Security.
DOWNLOAD AND READ FULL REPORT: Courtesy of Statistics Canada
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