TAILIEUCHUNG - The Rich and the Rest of Us

from Canada’s economic growth, and most of those gains are concentrated in the top 10%. The share of income going to the bottom 80% of Canadian families is smaller today than it was a generation ago, in both earnings and after-tax terms. The rich are getting richer The richest 10% of Canadian families are getting richer. They enjoyed a 30% earnings increase compared to a generation ago, the only group to experience such gains. This is creating a new phenomeno | March 2007 THE RICH AND THE REST OF US The changing face of Canada s growing gap By Armine Yalnizyan Growing Gap s CANADIAN CENTRE FOR POLICY ALTE A TIV E s ISBN 978-0-88627-531-0 Canadian Centre for Policy Alternatives 2 Carlton Street Suite 1001 Toronto Ontario 416 263-9896 rowingG ACKNOWLEDGEMENTS The author would like to thank the following for their painstaking work to provide the data without whom this analysis would have not been possible Brian Murphy of Statistics Canada and Richard Shillington of Tristat Resources. Thanks also to the following for their input on issues and analysis Garnett Picot René Morissette and Andrew Heisz Statistics Canada. The author would also like to thank the following for their input on early drafts of the report John Myles Statistics Canada and University of Toronto Marc Lee Canadian Centre for Policy Alternatives-BC office Hugh Mackenzie research associate Canadian Centre for Policy Alternatives Seth Klein Canadian Centre for Policy Alternatives-BC office Brian Murphy and Richard Shillington. This paper was ably prepared with the assistance of Trish Hennessy Project Director of the Inequality Project Canadian Centre for Policy Alternatives. The conception of the Inequality Project and its research is a collaborative reflection of the CCPA regional offices and the project team Trish Hennessy Hugh Mackenzie and Armine Yalnizyan. Any errors or omissions are the responsibility of the author. Introduction in the fall of 2006 the Canadian Centre for Policy Alternatives released a poll conducted by Environics Research that showed 76 of Canadians believe the gap between the rich and the poor is growing. The poll also showed 67 of Canadians believe the majority are not benefiting from the nation s hot streak of economic growth. This study confirms Canadians perception is reality Canada is performing better economically than it has in decades but the income gap between the rich and the rest of Canadian families is growing at

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