Evidence from various sources demonstrates that a limited number of people continue to own or control a very large portion of the wealth in Canada.

Question

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Studies and data have shown that wealth inequality in Canada remains high, with a small number of individuals owning a disproportionate amount of the country's wealth. For example, a report by the Canadian Centre for Policy Alternatives found that in 2019, the richest 87 families in Canada had a combined wealth equivalent to that of 12 million Canadians, or roughly one-third of the population. Additionally, a study by Oxfam Canada revealed that the country's richest 1% of individuals own more wealth than the entire bottom 80% of the population.

Evidence from Various Sources Demonstrates That a Limited Number of People