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Savers, investors and investment income
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The number of taxfilers reporting investment income, as well as the amount of investment income they reported, both increased for the fourth consecutive year in 2007.
Nationally, over 8.9 million people reported $46.9 billion of income from investments, according to income tax returns for 2007. (Investment income refers to the sum of dividend income from taxable Canadian corporations and interest income from investments in non-tax-sheltered vehicles.)
The number of people reporting investment income was up 8.6% from 2006, while the income rose 12.3%. (In comparisons involving dollar amounts, all figures for previous years have been adjusted for inflation, as measured by the Consumer Price Index.)
The proportion of taxfilers reporting investment income at the national level increased from 35.1% in 2006 to 37.5% in 2007.
The median investment income at the Canada level increased from $530 in 2006 to $610 in 2007. In other words, one-half of those reporting investment income in 2007 reported more than $610, and the other half reported less.
Among the provinces, taxfilers in British Columbia reported the highest median investment income, at $830. Among census metropolitan areas, taxfilers in Victoria reported the highest median, at $1,020. They were followed by taxfilers in Kelowna at $910 and Vancouver at $850.
Investment income recipients are either investors (those who reported dividend income from taxable Canadian corporations), or savers (those who reported only interest income). Investors may have also reported interest income.
In 2007, 3.7 million investors at the Canada level reported $37.9 billion of dividend and interest income. The number of investors rose 5.7%, while the income they reported increased 10.4%.
The number of savers increased 10.7% to 5.2 million in 2007. The amount of interest income they reported rose 21.0% to $9.1 billion.
Note: Income earned from investments held under the terms of registered retirement savings plans or registered income funds, for example, are excluded. Capital gains are also excluded.
Available on CANSIM: tables 111-0036 to 111-0038 and 111-0042.
Definitions, data sources and methods: survey number 4106.
The databanks Canadian Savers (17C0009, various prices), Canadian Investors (17C0007, various prices), Canadian Investment Income (17C0008, various prices) and Canadian Capital Gains (17C0012, various prices) are now available for Canada, the provinces and territories, cities, towns, census metropolitan areas, census divisions, federal electoral districts, forward sortation areas (the first three letters of the postal code) and letter carrier routes.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Client Services (toll-free 1-866-652-8443; 613-951-9720; fax: 1-866-652-8444 or 613-951-4745; saadinfo@statcan.gc.ca), Small Area and Administrative Data Division.
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