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Explore How Much Do the Top 1% in Canada Make? (It’s Not One Group) with 3,285 views, 2 likes, and 1 comments. Experience the impact of this video content that has captured audience attention.

How much do the top 1% in Canada make? In 2023 the cutoff was $293,800, but the average person in the top 1% earned $606,000. The gap between the bottom of the top 1% and the top 0.01% is bigger than the gap between the average Canadian and the top 1% itself. This video breaks down the actual income cutoffs and averages for Canada’s highest earners in 2023 from Statistics Canada — where the money comes from at each level, why almost a third of the top 1% weren’t there the year before, and what it actually means if you’re not in it. All figures from Statistics Canada's most recent release on high-income tax filers. 0:00 The gap nobody mentions 1:00 The average Canadian isn't close to rich 1:51 The door into the top 1% 3:00 The average income inside the top 1% 3:55 The number I promised you 4:46 Where the money actually comes from 5:41 Staying there is harder than getting there 7:37 What these numbers actually mean for you 👉 Subscribe for Canadian money breakdowns with real numbers! https://www.youtube.com/@LoonieFinanceLab?sub_confirmation=1 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📊 Source: Statistics Canada, "High-income Canadians, 2023," released October 31, 2025 (Table 11-10-0055-01) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🔵 Relevant hashtags: #top1percent #canadianincome #personalfinancecanada #canadianfinance #incomeinequality #statisticscanada #wealthcanada #canadianmoney #highincome #financialliteracy #moneycanada #canadianeconomy #taxfilers #incometax #canadianwealth #investingcanada #richcanada #moneytips #canadianinvesting #cra ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ‼️ Disclaimer ‼️ I'm not a financial advisor, lawyer, or any other licensed professional. The content on this channel is for educational and entertainment purposes only. Everything shared here reflects my personal opinions and should not be taken as financial, investment, legal, or tax advice. Any stories, examples, or characters used are composite illustrations meant to explain ideas, not to represent real people or specific situations. Figures cited are from publicly available Government of Canada data and were accurate at the time of publication. Always do your own research and speak with a licensed professional before making decisions about your own money.

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