Canada’s Wealth Divide Widened Last Year, Reports StatCan
The financial divide in Canada has expanded, according to a recent report by Statistics Canada. In 2025, the disparity between the wealthiest and the poorest Canadians widened as financial markets advanced, interest payouts decreased, and the job market faced challenges.
Key Findings on Canada’s Wealth Divide
- The income gap between the top 40% and bottom 40% of households reached 46.7 percentage points in 2025.
- In comparison, the gap was 46.4 percentage points in 2024.
- Lower-income households experienced slower wage growth than the national average, coupled with a decrease in investment income.
Distribution of Wealth
Statistics Canada’s report revealed that the top 20% of wealth holders comprised 65.7% of the nation’s total net worth by the end of 2025. This averages to approximately $3.5 million per household in this demographic.
In stark contrast, the bottom 40% of wealth holders accounted for only 3% of total net worth, averaging around $81,650 per household. The wealth gap between these two segments reached 62.7 percentage points, an increase from the previous year.
Financial Pressures and Debt Index
MNP Ltd. highlighted that the growing wealth divide is echoed in financial surveys. While their debt index has remained stable, many Canadians are exercising caution in financial decisions. Key statistics include:
- The average amount Canadians had left at month-end was an all-time high of $1,000, up from $907 in November 2025.
- 43% of Canadians reported being within $200 of not meeting monthly expenses, an increase from 41% the previous quarter.
- 29% indicated they were unable to cover bills and debt payments, rising from 25%.
A survey conducted by Ipsos among 2,000 adult Canadians between March 10 and 11 reflects these financial realities. The results are considered accurate within 2.7 percentage points, 19 times out of 20. The findings show that nearly 75% of respondents are feeling the strain of rising costs for essentials.
Conclusion
Grant Bazian, president of MNP Ltd., noted that many Canadians are navigating a challenging financial landscape. The ongoing uncertainty complicates budgeting and financial planning for a substantial portion of the population. The report marks a significant awareness of Canada’s wealth divide, shedding light on a pressing issue that affects many households.
