Private corporations helping widen inequality gulf: study

The Globe and Mail

Income inequality in Canada is more pronounced than previously believed, a new report reveals, because many of the country’s wealthiest people are funnelling their income through private companies that are not included in standard measures of individual earnings.

A study by three leading academics says Canada’s top 1 per cent ofincome earners took home an average of $500,200 in 2011 – including income from private corporations they control directly or indirectly through holding companies. That is 39 per cent more than the $359,000 figure calculated when traditional individual income tax data are used.

Private corporations helping widen inequality gulf: study – The Globe and Mail.

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