The group of the 10% richest Canadians earn 27% of all income

Québec, February 7, 2017 – In 2014, the minimum threshold to be considered part of the group of the 10% richest people in Québec was $61,200 after income tax. The average income of the members of this group was $85,700 after income tax. This group of the 10% richest people receive 27% of all income earned by the Québec population. These findings were drawn from the study Qui fait partie du groupe des 10% dont le revenu est le plus élevé? published today by the Institut de la statistique du Québec in the bulletin Données sociodémographiques en bref.

Compared with all those aged 16 and older, the group of the 10% richest individuals is characterized by a significant proportion of individuals between 45 and 64 years old (54% vs. 35%), university graduates (62% vs. 26%), home owners (89% vs. 68%) and men (68% vs. 49%). The percentage of women in this group more than tripled between 1976 and 2014, rising from 10% to 32%.

Québec is under-represented in the group of the 10% richest people in Canada

Although Québec accounted for 23% of the Canadian population aged 16 or older in 2014, only 13% of the group of 10% richest Canadians lived in Québec. In 1976, these proportions were 28% and 21%.

 


The Institut de la statistique du Québec produces, analyzes and disseminates official, objective and quality statistical information on various aspects of Québec society. It is responsible for carrying out all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

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