A report based on a new modelling approach finds that Canada's wealthiest families possess billions more of the nation's riches than previously believed.
says the top one per cent of Canada's families hold about 25.6 per cent of the wealth, up from the 13.7 per cent estimate under previous methodology.
The report finds that the top 0.5 per cent of Canadian families hold 20.5 per cent or $2.4 trillion of the wealth, up from the previous estimate of 9.2 per cent. The federal office said it investigated new ways to estimate wealth in Canada following a request during last year's federal election to provide an estimate of the revenues that could be raised by a tax on the wealthiest families.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s foreign ministry asks Canada to investigate pests found in shipments of logsThe move coincides with strained relations between China and Canada since the arrest of Huawei executive Meng Wanzhou in December 2018
Read more »
Justin Trudeau: Government open to NHL hub city in Canada - TSN.caCanadian Prime Minister Justin Trudeau said Tuesday that the federal government is 'comfortable' with the NHL having a hub city in Canada, as long as local health authorities approve.
Read more »
Trudeau says Canada still open to NHL hub despite extended border closure - Sportsnet.caThe federal government announced Tuesday the extension of the Canada-U.S. border closure for another 30 days, but Canadian Prime Minister Justin Trudeau said the nation is open to the idea of having an NHL hub city in despite the ongoing restrictions.
Read more »
Officials scramble as drug for pregnant women with thyroid disorders discontinued in CanadaGoing without treatment increases the risk of miscarriage, premature birth, fetal heart problems and, in extreme cases, death of the mother and baby
Read more »
Globe editorial: Let’s face it, Canada: Even drinking in moderation can be dangerousIn 2017, alcohol put as many people in hospital as heart attacks did, and 13 times as many people as opioids did
Read more »
Golf Canada cancels national amateur championships for 2020 season - TSN.caGolf Canada cancelled all of its amateur golf competitions for the duration of the 2020 season on Monday due to the ongoing health concerns and government restrictions caused by the COVID-19 pandemic.
Read more »