These high-income people noticed their earnings (excluding capital positive factors) develop by 9.4% year-over-year to a median of $579,100 as inventory, housing, and labour markets rebounded. These within the prime 0.1% boosted their revenue by 17.4% to $2,086,100 and the highest 0.01% gained 25.7% to $7,731,400.
In the identical interval, Canadians within the lowest half of revenue noticed an annual decline of $1,400 to $21,100, principally as authorities Covid applications ended.
Wages and salaries for the highest 1% elevated by 12% on common, rising by 24.6% for the highest 0.1% and by 34.5% for the highest 0.01%.
Dividend revenue additionally elevated for the best revenue cohort.
These revenue tax filers who’re within the prime 1% obtained a median dividend revenue of $90,200 (+12.9% in contrast with 2020), these within the prime 0.1% obtained $429,500 on common (+19.2% in contrast with 2020) and people within the prime 0.01% obtained $2,009,700 on common (+26.0% in contrast with 2020).
