Stats Canada has published an interesting article outlining what your income level in Canada needs to be, to think of yourself as RICH (for 2004 at least):
An annual income of $89,000 was enough to put an individual among the 1.2 million Canadians who made up the top 5% of the country’s taxfiler population in 2004, according to a new study.
Similarly, an income of $181,000 was sufficient to put someone among the 237,000 people in the top 1% of the taxfiler population.
But to be part of the richest one-hundredth of a percent (0.01%) of taxfilers, Canadians had to have income of more than $2.8 million, the study found.
Interesting striation of the data, now this is individual income too, not sure how they would measure dual income families and such, are you Rich? Really Rich? Super Rich?
September continues on, and with the beginning of Autumn, do you need to start thinking about fall financial things?
- RESP top ups for the end of the year?
- RRSP top ups as well?
- Insurance coming due soon?
- Property tax assessments coming?
- Preparation for the holiday season, by planning what you are going to spend and maybe figuring out “who gets what” early on?
Just some of the ideas to think about instead of raking leaves!