Canada's Income Gap Hits All-Time High, Statistics Canada Reports
Statistics Canada has revealed that the income disparity between Canada's wealthiest and poorest households has reached a record level in the first quarter of 2025. The gap in disposable income share between the top 40% and bottom 40% of households widened to 49 percentage points, with the trend escalating annually since the start of the COVID-19 pandemic.
Statistics Canada reports that the income gap between the highest and lowest income households in Canada hit a record high in the first quarter of 2025. The difference in disposable income share between the top 40% and bottom 40% income groups widened to 49 percentage points during this period.
The gap has been growing annually since the start of the COVID-19 pandemic. In the first quarter of 2025, the disparity was fueled by investment gains for high-income households and wage declines for low-income households.
Individuals in the bottom 20% income bracket experienced the slowest growth in disposable income at 3.2%, with average wages dropping by 0.7% compared to a year ago. Conversely, those in the top 20% income bracket saw the fastest increase in disposable income at 7.7% from the previous year.
According to the source: Global News.
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