Income inequality widens in Canada as top earners see large gains while bottom halves' incomes decline

Top 1% of tax filers in Canada saw incomes rise by 9.4% in 2021 to $579,000 on average.

Top 0.1% had average income increase of 17.4% to $2.1 million.

Top 0.01% had average income increase of 25.7% to about $7.7 million.

Bottom 50% of filers saw average income decline by $1,400 to $21,100 as pandemic benefits ended.

12.2% of tax filers received capital gains in 2021, averaging $37,600.