Canadians Statistics Canada and Share Wealth

percentage points: The top 20 per cent of income earners held about 47 per cent of wealth in 2012, ahead two percentage points from 1999, according to CBC. Their average net worth, including real estate, grew to $1.3 million. That the finding of a study of accumulated household wealth among Canadians by Statistics Canada, done using data from its Survey of Financial Security which was conducted in 1999, 2005 and 2012. But those in the bottom 20 per cent had fallen behind, with their share of wealth declining from five per cent in 1999 to four per cent in 2012. About 3.5 per cent of Canadian family units had low income and no wealth, with this group more likely to be single, immigrants or a family headed by a person under age 34. Their average net worth was $109,300. (www.immigrantscanada.com). As reported in the news.