• Français
Find Your Local Union
Subscribe to E-news
 
Login
Scholarships
Contact

UFCW Canada - Union Logo

Canada's Private Sector Union

  • About Our Union
  • Media & News
  • Resources
  • Issues
  • Action Centre
  • Join the Union
Media & News

By the Numbers: The wealth gap in Canada

By the Numbers: the wealth gap in Canada Ottawa – August 10, 2018 – The wealth gap between the 86 richest families in Canada and the rest of us is growing at alarming rate, according to a staggering new report by the Canadian Centre for Policy Alternatives (CCPA). A major factor in Canada’s rapidly growing wealth gap is our country’s lack of an inheritance tax on high worth estates (more than $5 million).

  • 4,448 – the wealthiest 86 families in Canada, now have 4,448 times more wealth than the average Canadian family.

  • $3 billion – between 2012 and 2016, the average wealth of the 86 richest families increased by 37 percent to $3 billion.

  • $259 billion – these 86 families have a net worth of $259 billion, roughly equal to the combined wealth of 1.43 million Canadians.

  • 50 percent – Canada's 20 richest families take almost 50 percent of all the income in Canada.

  • 11.4 million – in 2012, the 86 wealthiest families in Canada held the same amount of wealth as the poorest 11.4 million Canadians combined.

  • 6 of 7 – Canada is the only G7 country without taxes on inheritance or estates.

  • 0.002 percent – the wealthy 86 represent only 0.002% of Canadians, but they hold the same amount of wealth as the bottom 34% of the population.

For more on the growing wealth gap in Canada, check out a new report by the Canadian Centre for Policy Alternatives called Outrageous Fortune: Documenting Canada's Wealth Gap.

  • Media & News
    • News
      • Topics
      • Press Releases
    • Media
      • Posters
    • Subscribe to E-news

Media Contact

For media inquiries, please email [email protected] with the word ‘Media’ in the subject line.

  • Find our brand guidelines here.
  • Join the Union
  • About Our Union
    • About Our Union
      • Find Your Local Union
      • National President
      • National Council
      • Constitution
      • Union History
      • UFCW Canada Annual Report
      • Brand Guidelines
      • Join UFCW Canada
  • Media & News
    • Media & News
      • News
      • Media
      • Subscribe to E-news
  • Resources
    • Resources
      • Stand for Canada, Shop UFCW-made
      • The National Defence Fund
      • Migrant Members
      • Union Training & Scholarships
      • Member Discounts
      • Health & Safety
      • UFCW Canada Equity Grant Program
  • Issues
    • Issues
      • Leukemia Fundraising
      • Political Action
      • Women and Gender Equity
      • Social Justice
      • The Union for Agriculture Workers
      • UFCW Pride – Union Pride!
      • Young Workers
      • Food Justice
      • Global Solidarity
      • Uber Drivers United
      • Conscious Cannabis
  • Action Centre
    • Action Centre
      • Affordability for All
      • Violence is not part of the job: Respect Frontline Workers!
      • Make Truth and Reconciliation a paid day of recognition and remembrance
      • Paid Sick Days Now!
      • End the Heritage Inn Lockout Now
  • Join the Union
    • Join the Union
      • Why UFCW Canada
      • Union Advantage
      • Union Facts
      • Frequently Asked Questions
      • Everything About Unions
      • Industries We Represent
      • Workplaces We Represent
      • How to Join a Union
      • Join Now

Login

FacebookXYoutube2Instagram

Copyright © 2025 UFCW Canada. All Rights Reserved
United Food and Commercial Workers Union
Canada's private sector union