Ottawa – Statistics Canada says that the income difference between the country’s highest and lowest -income houses reached the record high in the first quarter of 2025.
The agency says that in the top 40 percent of the income distribution, the difference in disposable income part between homes increased and below 40 percent increased to 49 percent marks in the first three months of the year.
Statistics Canada says that the measurement has increased every year after the introduction of the Kovid -19 epidemic.
For the first quarter of 2025, it states that the growth occurred as the highest -income families derived from investment, while the lowest -income houses saw a decline in wages.
The lower 20 percent of the income distribution people saw the weakest increase in disposable income in the first quarter compared to 3.2 percent compared to a year ago as their average wages were reduced by 0.7 percent.
The average disposable income for those in the top 20 percent of income distribution increased to the fastest speed of any income group in the first quarter of 2025 as they benefited from an increase of 7.7 percent compared to a year ago.