StatsCan Reports Widening Wealth Gap Among Canadians in 2025
Statistics Canada has reported a growing wealth gap among Canadians in 2025. The disparity has widened partly due to shifts in financial markets, reduced interest earnings, and a softened job market.
Income Disparity Statistics
The income gap between the wealthiest and poorest Canadians has reached significant levels. In 2025, the difference in disposable income between the top 40 percent and the bottom 40 percent stood at:
- 46.7 percentage points
- Up from 46.4 percentage points in the previous year
Wages for lower-income households have increased at a slower pace compared to the overall average. Additionally, these households have seen a decrease in investment income due to falling interest rates on savings.
Wealth Distribution Overview
The top 20 percent of households in Canada now account for a staggering 65.7 percent of the nation’s total net worth, with an average net worth of:
- $3.5 million per household
Conversely, the bottom 40 percent holds just 3 percent of the total net worth, averaging:
- $81,650 per household
This divergence means that the wealth gap between the top 20 percent and the bottom 40 percent is now:
- 62.7 percentage points
- Increased by 0.6 percentage points from the previous year
Financial Stability and Pressures
MNP Ltd. has also highlighted these growing inequalities in its financial surveys. Their findings reveal that while some Canadians experience financial pressures, others remain stable in their spending.
- Many are unable to cover bills and debt payments.
- A significant number are hesitant to make major financial decisions.
Grant Bazian, president of MNP Ltd., noted that “many Canadians are navigating an environment that continues to shift,” complicating financial planning and budgeting endeavors.
Advocacy for Change
Amidst these disparities, a group of wealthy Canadians known as Patriotic Millionaires Canada is advocating for increased taxation on the rich. They believe that such measures are necessary to address the widening wealth gap and support more equitable financial policies.
