Canadas Silent Wage Growth
It seems the last years of the Harper government where in fact far better economically than last thought. Statistics Canada has just released “High-income trends among Canadian tax filers”, and the data is shocking.
From 2014 to 2015, StatCan tells us, “The real average income of all tax filers rose 2.6 per cent.”
That was the largest yearly increase since 2005–06.
The growth was also not one-sided as “the bottom 50 per cent of tax filers … saw a 3.4 per cent increase in average total income, compared with a 2.3 per cent gain for the top half.”
Canadas Hardworking 1%
While these increases were great the share the 1% of Canadians paid also continued to remain consistent. As the share of income tax shouldered by the one per cent rose again, to 22.2 per cent of all income taxes while holding roughly 10.3 % of all national income.
This does mean that the top 1% of Canadian society at this moment pays nearly two times in taxes when compared to their share of the national income.
After Tax/Pre-Tax: This data is for total income, not for after-tax income.