Friday, December 29, 2017
What salary in Canada puts you in the top 10, the top 5, the top 2, and the top 1 percent in terms of salary?
Robert Parker, CEO at Holborn Assets (1999-present)
Updated Aug 31
According to this official source in 2015:
Individuals by total income level, by province and territory (Canada)
In order to be in the top 10% - you need an annual salary of approximately CAD 90,000 and above, based on the fact that you need CAD 100,000 to be in the top 8.2%.
In order to be in the top 5%, you need an annual salary of approximately CAD 130,000 and above, based on the fact that you need CAD $150,000 to be in the top 2.86%.
In order to be in the top 2%, you need an annual salary of approximately CAD 180,000 and above, based on the fact that you need CAD $200,000 to be in the top 1.45%.
In order to be in the top 1%, you need an annual salary of CAD 250,000 - (the table below says that 0.9% earn an annual salary of at least CAD $250,000).
Check this image with the percentage points I made for you:
Here is what you should note:
The income refers to individuals and not households.
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