Analysis

Description: Contributions to the Registered Pension Plan (RPP), the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA) constitute the third pillar of the Canadian retirement income system. Survey data show that income withdrawn from the retirement system accounted for an increasing share of the total income for elderly Canadians. Assessing the health of the retirement income system is important, especially when it comes to the fund inflows. This paper attempts to see how many Canadian families participated in this pillar of the retirement income system, the amounts contributed to the registered accounts, and their participation and contribution trends over time.

Description:

Previous Canadian studies on poverty and low-income persistence mostly focused on individual characteristics at the national level and rarely examined the geographical aspect of poverty persistence. This report takes advantage of the large sample size of the Longitudinal Administrative Databank and examines the evolution of low-income persistence in Canada and the provinces using the after-tax Low Income Measure.

Description:

Income data for Canadian tax filers shed light on the distribution of income in 2018. This infographic illuminates selected characteristics of the top 1% of tax filers in Canada that year, including information on age, gender, and geographic location. The top 1% of tax filers is defined as the 1% of tax filers with the highest total incomes when ranked nationally. These estimates are for a pre-pandemic period and do not reflect any impacts of COVID-19. However, they do provide a baseline for analysing changes to the top of the income distribution during the pandemic period, once those data become available.

Description:

The study examines the evolution of income mobility for Canadian taxfilers from both the absolute and the relative perspectives. Using data from the Longitudinal Administrative Databank for the years 1982 to 2012, we estimated several income mobility statistics for overlapping panels of Canadian taxfilers over those 30 years. We also assessed the impact of mobility on long-term income inequality.

Description:

Prolonged periods of low earnings can limit an individual's capacity to cope with income losses or unexpected expenses, and makes economic self-sufficiency difficult. The ability to escape low earnings is linked to a number of factors, including age, firm size, and changing jobs.

Description:

Income data for Canadian tax filers shed light on the distribution of income in 2018. This infographic illuminates selected characteristics of the top 1% of tax filers in Canada that year, including information on age, gender, and geographic location. The top 1% of tax filers is defined as the 1% of tax filers with the highest total incomes when ranked nationally. These estimates are for a pre-pandemic period and do not reflect any impacts of COVID-19. However, they do provide a baseline for analysing changes to the top of the income distribution during the pandemic period, once those data become available.

Description: Contributions to the Registered Pension Plan (RPP), the Registered Retirement Savings Plan (RRSP) and the Tax-Free Savings Account (TFSA) constitute the third pillar of the Canadian retirement income system. Survey data show that income withdrawn from the retirement system accounted for an increasing share of the total income for elderly Canadians. Assessing the health of the retirement income system is important, especially when it comes to the fund inflows. This paper attempts to see how many Canadian families participated in this pillar of the retirement income system, the amounts contributed to the registered accounts, and their participation and contribution trends over time.

Description:

Previous Canadian studies on poverty and low-income persistence mostly focused on individual characteristics at the national level and rarely examined the geographical aspect of poverty persistence. This report takes advantage of the large sample size of the Longitudinal Administrative Databank and examines the evolution of low-income persistence in Canada and the provinces using the after-tax Low Income Measure.

Description:

The study examines the evolution of income mobility for Canadian taxfilers from both the absolute and the relative perspectives. Using data from the Longitudinal Administrative Databank for the years 1982 to 2012, we estimated several income mobility statistics for overlapping panels of Canadian taxfilers over those 30 years. We also assessed the impact of mobility on long-term income inequality.

Description:

Prolonged periods of low earnings can limit an individual's capacity to cope with income losses or unexpected expenses, and makes economic self-sufficiency difficult. The ability to escape low earnings is linked to a number of factors, including age, firm size, and changing jobs.