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

The gini index in Canada was forecast to remain on a similar level in 2029 as compared to 2024 with 0.33 points. According to this forecast, the gini will stay nearly the same over the forecast period. The Gini coefficient here measures the degree of income inequality on a scale from 0 (=total equality of incomes) to one (=total inequality).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the gini index in countries like United States and Mexico.

The income quintiles refer to the quintiles estimated at the Canada level and not at the provincial/territorial level. The Income quintiles are assigned based on the equalized household disposable income. This takes into account differences in household size and composition. The Oxford-modified equivalence scale is used; it assigns a value of 1 to the first adult, 0.5 to each additional person aged 14 and over, and 0.3 for all children under 14. Age groups refer to the age group of the major income earner. Life insurance and pensions include the value of all life insurance and employer pension plans, termination basis. Excludes public plans administered or sponsored by governments: Old Age Security (OAS) including the Guaranteed Income Supplement (GIS) and the Spouse's Allowance (SPA), as well as the Canada and Quebec Pension Plans (CPP/QPP). Other financial assets include total currency and deposits, Canadian short-term paper, Canadian bonds and debentures, foreign investments in paper and bonds, mortgages, equity and investment funds, and other receivables. Other non-financial assets include consumer durables, machinery and equipment, and intellectual property products. Excludes accumulation of value of collectibles including coins, stamps and art work. Other liabilities include major credit cards and retail store cards, gasoline station cards, etc., vehicle loans, lines of credit, student loans, other loans from financial institutions and other money owed. The sum of the values for net worth and its components by province and region is less than the total for Canada as they exclude the territories. The coefficients of variation from Statistics Canada's Survey of Financial Security for 2012 and 2016, which serve as indicators of the accuracy of these estimates for net worth and its components, are available in the appendix to Distributions of Household Economic Accounts, estimates of asset, liability and net worth distributions, 2010 to 2019, technical methodology and quality report for the March 2020 release. Distribution of value" is the share of a wealth component (such as total assets) attributable to the various household characteristics (such as lowest income quintile)." This table has been archived and replaced by table 36100661.

Canada CA: Households: Net Worth data was reported at 13,609,027.000 CAD mn in 2020. This records an increase from the previous number of 12,282,617.000 CAD mn for 2019. Canada CA: Households: Net Worth data is updated yearly, averaging 8,238,787.500 CAD mn from Dec 2005 (Median) to 2020, with 16 observations. The data reached an all-time high of 13,609,027.000 CAD mn in 2020 and a record low of 5,168,570.000 CAD mn in 2005. Canada CA: Households: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.FSI: 2006 Methodology: Sectoral Financial Statement: Balance Sheet: Annual.

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.

Wealth and its subcomponent distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, regions and provinces, annual 2010 to 2019 and quarterly starting 2020.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Statistics (3 items: Value; Distribution of value; Value per household); Characteristics (13 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...); Wealth (11 items: Total assets; Financial assets; Life insurance and pensions; Other financial assets; ...).

This statistic shows the share of total after-tax income earned by the lowest income decile in Canada in 2021, by province. In 2021, income earners in the lowest income decile earned 1.3 percent of all after-tax income in Saskatchewan, Canada.

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).

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.

All household types in Canada received a higher income after-tax in 2021 than they received in 2019, except for elderly people not in an economic family. This increase was partially due to the higher level of government transfers in 2020.

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.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Statistics (3 items: Value; Distribution of value; Value per household); Characteristics (13 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...); Wealth (11 items: Total assets; Financial assets; Life insurance and pensions; Other financial assets; ...).

• What is the average net worth of households within my trade area? • What proportions of my customers’ assets are held in chequing and savings accounts? Stocks? Bonds? Mutual Funds? • Which areas within my trade area have a high debt-to-asset ratio? • What types of debt do my customers have? Are their debts dominated by credit cards? HELOC? Mortgages? • Are the average real estate values around my business higher or lower than the average real estate values in my base market? • What proportion of my trade area holds an RRIF vs. an RRSP? • and more

Built using authoritative data from a variety of sources—such as the Bank of Canada, Canada Revenue Agency, and Statistics Canada—and sophisticated modelling techniques, WealthScapes is designed for financial planning, marketing, and targeting applications.

The latest version features a database of over 100 key financial and investment statistics to help financial institutions, charitable organizations, and large retailers better understand their customers' financial and investment behaviour. The key variables used in WealthScapes are created to match the best available control totals in Canada so that chief economists will endorse them.

In four decades, the average after-tax income of Canadians in the lowest decile rose from ***** to ****** Canadian dollars, an increase of around ** percent. The income of those in the highest decile rose by more than ** percent between 1980 and 2021, from ******* to ******* Canadian dollars. The gap in average income between the two deciles has therefore widened from approximately ******* dollars in 1980 to over ******* dollars in 2021.

The largest share of assets held by high net worth individuals (HNWIs) in North America in 2024 was cash and cash equivalents, which accounted for ** percent of the total assets held by HNWIs in the United States and Canada that year. North America is the region with both the highest assets of HNWIs, and with the highest number of HNWIs. Who is considered a HNWI? To be considered a HNWI, their financial assets must exceed at least *** million U.S. dollars. In addition to HNWIs, the term ultra-high net worth individuals (UHNWIs) refer to individuals with financial assets of at least ** million U.S. dollars. The highest number of UHNWIs in the world are also found in North America, with more than ******* individuals. How many HNWIs are there in the U.S.? Most of the leading position of North America in terms of number and assets of HNWIs and UHNWIs is attributed to the United States. The number of UHNWIs in the United States reaches almost ******* individuals, which is almost **** times as many as in China, the country with the second highest number of UHNWIs.

In 2021, Canadians in the lowest decile had an average after-tax income of 12,700 Canadian dollars, while those in the highest decile had an income of 224,800 dollars, a gap of over 212,000 dollars. The province with the smallest average income for the lowest decile was Saskatchewan. By contrast, it was in Alberta that the income of the highest decile was the greatest, with an average after-tax income of almost 260,000 Canadian dollars. It was also in this province that the gap between the two deciles was the most significant.

When surveyed in September 2022, over three-quarters of Canadians believed that the government should reduce the income gap between rich and poor. This opinion was more widely shared among Canadians supporting the New Democratic Party (** percent) and Bloc Québécois sympathizers (** percent), than among Conservative Party supporters (** percent) and among Canadians not supporting any particular party (** percent).

While the commodities market bust has not forced the country to contract, it did dent growth in retail savings and investment in 2015. 2016 should see a resurgence in Canadians’ asset appreciation, but a tepid recovery in oil and gas along with substantial household debt loads will see slower growth over the rest of the forecast period. Read More

Canada CA: Central Government: Net Worth data was reported at -83,073.000 CAD mn in 2023. This records an increase from the previous number of -97,586.000 CAD mn for 2022. Canada CA: Central Government: Net Worth data is updated yearly, averaging -324,301.500 CAD mn from Mar 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of -79,746.000 CAD mn in 2019 and a record low of -514,305.000 CAD mn in 1997. Canada CA: Central Government: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Government Finance: Balance Sheet: Annual.