In 2021, Canadians who were neither part of a visible minority nor the Indigenous population had an average total income at least ***** Canadian dollars higher than these population categories. The visible minorities with the highest average total income that year were people of Chinese, Latin American and Arab origin. Conversely, those with the lowest incomes were other visible minorities and the Native population.

This table presents income shares, thresholds, tax shares, and total counts of individual Canadian tax filers, with a focus on high income individuals (95% income threshold, 99% threshold, etc.). Income thresholds are based on national threshold values, regardless of selected geography; for example, the number of Nova Scotians in the top 1% will be calculated as the number of taxfiling Nova Scotians whose total income exceeded the 99% national income threshold. Different definitions of income are available in the table namely market, total, and after-tax income, both with and without capital gains.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Little Canada, MN, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 15,368, while the mean income for the highest quintile (20% of households with the highest income) is 307,624. This indicates that the top earners earn 20 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 656,719, which is 213.48% higher compared to the highest quintile, and 4273.29% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Little Canada median household income. You can refer the same here

This statistic shows the income distribution of Canadians for 2020, distinguished by level of income. In 2020, about 302,050 Canadians had an income of 250,000 Canadian dollars or more.

David Thomson and family had a total net worth of 72.7 billion U.S. dollars, representing the richest in Canada in 2024. Changpeng Zhao, co-founder and executive chairman of Binance, is the second-richest person in Canada, with a net worth of 63.7 U.S. dollars.

Distribution of employment income of individuals by sex and work activity, Canada, provinces and selected census metropolitan areas, annual.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in New Canada, Maine, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 21,378, while the mean income for the highest quintile (20% of households with the highest income) is 175,530. This indicates that the top earners earn 8 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 303,570, which is 172.94% higher compared to the highest quintile, and 1420.01% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for New Canada town median household income. You can refer the same here

This statistic depicts the median annual family income in Canada in 2021, distinguished by province. In 2021, the median annual family income in Alberta was 106,960 Canadian dollars.

Employment income (in 2019 and 2020) of visible minority groups by educational characteristics, for cities.

This table contains 58320 series, with data for years 1999 - 2016 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (20 items: Canada; Atlantic; Newfoundland and Labrador; Prince Edward Island; ...); Assets and debts (27 items: Total assets; Private pension assets; Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Locked-in Retirement Accounts (LIRAs) and other; Employer-sponsored Registered Pension Plans (EPPs); ...); Net worth quintiles (6 items: Total, all net worth quintiles; Lowest net worth quintile; Second net worth quintile; Middle net worth quintile; ...); Statistics (6 items: Total values; Percentage of total assets or total debts; Number holding asset or debt; Percentage holding asset or debt; ...); Confidence intervals (3 items: Estimate; Lower bound of a 95% confidence interval; Upper bound of a 95% confidence interval).

According to a ********** survey, the share of Canadian respondents without access to a bank account increased notably between 2021 and 2024. The increase seemed especially fueled by the increase of the "unbanked" population - or those who did not have access to the services of a bank or another, similar financial organization - among the richest respondents as well as men. The share of respondents who were classified under the richest ** percent of the country, for example, grew from *** percent in 2021 to *** percent in 2024. That said, Canada's unbanked population remained relatively small.

This statistic shows the share of total after-tax income earned by the highest and lowest income deciles in Canada from 1990 to 2021. In 2021, the top ten percent of income earners earned 27.1 percent of all income in Canada.

Our Demographics package in Canada is available at the Dissemination Area level and offers insights into Immigration and Ethnicity variables. Each data variable is available as a percentage of the total population within each selected Dissemination Area.

Canada CA: Account at a Financial Institution: Income: Richest 60%: % Aged 15+ data was reported at 99.587 % in 2014. This records an increase from the previous number of 97.701 % for 2011. Canada CA: Account at a Financial Institution: Income: Richest 60%: % Aged 15+ data is updated yearly, averaging 98.644 % from Dec 2011 (Median) to 2014, with 2 observations. The data reached an all-time high of 99.587 % in 2014 and a record low of 97.701 % in 2011. Canada CA: Account at a Financial Institution: Income: Richest 60%: % Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Banking Indicators. Account at a financial institution denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution.; ; Demirguc-Kunt et al., 2015, Global Financial Inclusion Database, World Bank.; Weighted average;

Income statistics by Indigenous identity, Registered or Treaty Indian status, residence by Indigenous geography, age and gender for the population aged 15 years and over in private households.

Wealth indicators and distributions, by household characteristics such as income quintile, age, housing tenure and composition, Canada, annual 2010 to 2019 and quarterly starting 2020.

This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Canada; Atlantic Region; Newfoundland and Labrador; Prince Edward Island; ...);  Statistics (3 items: Value; Distribution of value; Value per household);  Characteristics (1 item: All households);  Wealth (11 items: Total assets; Financial assets; Life insurance and pensions; Other financial assets; ...).

In 2022, 9.9 percent of all Canadians were living in low income. Between 2000 and 2022, the percentage of population with low income experienced a decrease, reaching the lowest value in 2020. The highest share of Canadians with low income was recorded in 2015, with 14.5 percent of the total population.

Low Income Measures

The low income measures (LIMs) were developed by Statistics Canada in the 1990s. They, along with the low income cut-offs (LICOs) and the market basket measure (MBM), were created in order to measure and track the low income population of Canada. With low income measures, individuals are classified as being in low income if their income falls below fifty percent of the median adjusted household income. The median income is adjusted in order to reflect the differing financial needs of households based on the number of its members. The low income measures are a useful tool to compare low income populations between countries as they do not rely on an arbitrary standard of what constitutes the threshold for poverty. Statistics Canada insists that the low income measures are not meant to be representative of a poverty rate. The department has no measure which they define as a measurement of poverty in Canada. Latest data and trends In 2022, around 2.1 million people were living in low income families in Canada. This figure has been fluctuating over the years, both in absolute numbers and in proportion over the total population. More women than men were living in low income families in 2022, though the number of men in low income has risen at twice the rate as that of women. One of the more drastic changes has been the rise in the number of single individuals living in low income, increasing by more than 60 percent since 2000.

Families of tax filers; Census families by total income, family type and number of children (final T1 Family File; T1FF).

This dataset explores Earnings, average weekly, by province and territory in Canada for 2003-2007. This data is for All industries excluding unclassified enterprises Notes: - Data include overtime. - North American Industry Classification System (NAICS), 2002. Source: Statistics Canada, CANSIM, table (for fee) 281-0044 and Catalogue no. 72-002-X. Last modified: 2008-03-31.