Report shows dramatic widening in Canada’s income gap

July 14, 2011

The Conference Board of Canada has released a new report titled, How Canada Performs: Is Canada becoming more unequal? The study shows that while income gap has been a trend for 33 years, it has accelerated since 1993. The study uses median income to gauge whether or not incomes have been increasing amongst low and medium income and the study shows only a 5.5% rise since 1976. In fact,only the richest Canadians have seen their incomes grow. Currently the richest Canadians take home 39.2 per cent of total national income.

Report: How Canada Performs: Is Canada becoming more unequal?