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December 5, 2010

Canada's richest getting richer?

An interesting post appeared recently on the web site of the Canadian Centre for Policy Alternatives indicating how Canada's rich keep getting richer. The CCPA released a major report by Senior Economist Armine Yalnizyan that indicates that Canada's richest 1% has enjoyed more of the gains from economic growth than ever before in recorded history.

The report identifies income trends over the past 90 years, revealing the richest 1% took 32% of all growth in incomes between 1997 and 2007.

For more information, see the CCPA article on its website.

Posted by Taxes.ca Editorial Team [permalink]

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