Canada’s top 1 per cent accounts for 10.6 per cent of total income

According the most recent study done by Statcan shows that the top 1% of earners make up 10.6% of the nation's income. This is lower than the previous 2006 study which showed that the top 1% made up 12.1% of the country's income. But higher than the 1980's value of 7%.

In order to be considered the top 1% one needs to make more than $201,400 annually. This is an increase of 37% compared to the 1982 measure of $147,500, when the the government started tracking such data. The median income of the top 1 per cent in 2010 is $283,400 compared to the other 99 per cent median which is $28,400.

Another finding is that if you are in the top 1% you are most likely going to stay there. The "one year measure of high income had risen to 72 per cent".

Shockingly the profession of those who make up the top 1 per cent is not the expected Wall-Street banker but instead: Doctors, dentists, senior managers... 

I find this article surprising. I was drawn to the article because of the interesting title. But after reading the first couple of paragraphs I realized that it makes sense that people who make so much make up 10% of the countries income. What surprised me even more was when I kept reading and found out that the median income of the other 99% being $28,400. The poverty line for one person is $18,421.

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/canadas-top-1-per-cent-accounts-for-106-per-cent-of-total-income-statscan/article7904191/