Incomes of the top 1% of tax filers rose 9.4% to $579,100 in 2021. This occurred in the context of COVID-19 pandemic restrictions easing, many government benefit programs winding down, the labour market recovering, and the Canadian house prices and stock market indexes increasing in 2021.
Recovery produces uneven income gains in 2021
According to data based on the tax filings of individuals, the average total income of the...
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