A recent report from Statistics Canada concluded that you're a high-income earner if you made $89,000 a year or more in 2004.
That would have put you among the 1.2 million Canadians who make up the top five per cent of tax filers in the country. The top 1 per cent made $181,000 or more.
If you earn $56,500 a year, you're making more than 80 per cent of Canadians who filed a tax return.
Another StatsCan report found that the average net worth of Canadian families increased from $120,451 in 1999 to $148,350 in 2005.
A survey by MoneySense magazine concluded that to be considered middle class, your net worth should be between $92,000 and $244,000 — an increase of about 50 per cent in four years.
Do you consider yourself middle class? How rich do you feel?
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That would have put you among the 1.2 million Canadians who make up the top five per cent of tax filers in the country. The top 1 per cent made $181,000 or more.
If you earn $56,500 a year, you're making more than 80 per cent of Canadians who filed a tax return.
Another StatsCan report found that the average net worth of Canadian families increased from $120,451 in 1999 to $148,350 in 2005.
A survey by MoneySense magazine concluded that to be considered middle class, your net worth should be between $92,000 and $244,000 — an increase of about 50 per cent in four years.
- Audio feature: Net worth and the middle class
Do you consider yourself middle class? How rich do you feel?
More...