Canada's top 1% take home 10.6% of country's income

by Tavia Grant, The Globe and Mail

Canada’s top 1 per cent of earners took home 10.6 per cent of the country’s income in 2011, a share that plateaued from a year earlier but remains higher than in recent decades.

A first glimpse of how top earners fared in 2011 shows their share of income peaked in 2006 at 12.1 per cent, before the recession walloped the wealthy as investment income and bonuses dried up. However, the share is still higher than when Statistics Canada began tracking incomes in 1982, when it stood at 7.1 per cent.

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