The top 1% of individual tax filers saw their share of total income rise by almost one percentage point from 2014 to 2015.
The rise is the result of a sharp increase in the dividend income from Canadian corporations. This was the first increase in the share of total income going to the top 1% since 2006.
The top one per cent of Canadian tax filers held 11.2 per cent of the country’s total income in 2015. To be in the top one per cent, a tax filer must have earned a total annual income of more than $234 thousand.