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What is the new $1200 benefit in Canada for seniors?

What is the new $1200 benefit in Canada for seniors?

Do I get my husband's CPP if he dies?

Do I get my husband's CPP if he dies?

Do I get CPP if I never worked?

Do I get CPP if I never worked?

What is the $2000 Canada benefit?

What is the $2000 Canada benefit?

Why did I get a $600 federal payment Canada?

Why did I get a $600 federal payment Canada?

What is considered low income for seniors in Canada?

What is considered low income for seniors in Canada?

What is Canada's top 5 income?

What is Canada's top 5 income?

When it comes to income in Canada, there are certain numbers that stand out above the rest. The top 1% of Canadians made an average income of $381,300, while the top 5% had an average income of $186,500. These figures highlight the significant income disparity that exists within the country.


Looking at the top 10%, we see that their average income was $126,200, which is still significantly higher than the national average. This data reveals that a small percentage of Canadians are earning the majority of the country's income.


Breaking it down even further, the top 25% of Canadians had an average income of $73,700, while the top 50% had an average income of $36,000. This shows that the distribution of income in Canada is heavily skewed towards the higher earners.


On the other end of the spectrum, the bottom 50% of Canadians had an average income of $28,000. This figure is startlingly low compared to the top earners in the country, highlighting the income inequality that exists within Canada.


Overall, these income statistics shed light on the disparities that exist within Canadian society. It is clear that a small percentage of Canadians are earning significantly more than the majority of the population, highlighting the need for greater income equality in the country.

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