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Wealth: Oecd Pack and Tax Records

wealth: These findings move Canada from the middle of the OECD pack, to ranking as the fourth most unequal advanced capitalist country, still well behind the U.S. but almost tied with the Netherlands and Germany, according to Rabble. In the one competition where we should never want to be a contender, we are now a medal hopeful!Where do these new figures come from To measure income inequality governments can access tax records. The top 1% own a quarter of all personal wealth in the country, while well over half is held by the top 10 per cent. Measuring wealth is not so easy. Fewer than three-quarters responded, so how representative this survey is remains a matter of conjecture. Statistics Canada conducts a survey of financial security SFS every three years and in 2016 a representative sample of 12,000 families were asked about their assets and liabilities. (www.immigrantscanada.com). As reported in the news.