July 16, 2025
RED FM News Desk
The income gap between Canada’s highest and lowest earning households reached a record high in the first quarter of the year, according to Statistics Canada.
The agency reported that the difference in the share of disposable income between households in the top 40% of the income distribution and the bottom 40% widened to 49 percentage points during the first three months of the year.
Households in the bottom 20% experienced the weakest growth in disposable income, with an increase of just 3.2% compared to a year ago. In contrast, those in the top 20% saw their disposable income rise at the fastest pace among all income groups, benefiting from a 7.7% increase over the same period last year.
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