What is the average net worth in Canada?

According to Stats Canada, the average net worth for a Canadian household in 2019 was around $283,000. This includes all assets, minus debts like mortgage and student loans. The research shows a considerable wealth gap, with the top 1 percent holding a significant portion of Canadian wealth.

What is the top 1% net worth in Canada?

Well, the threshold top 1 percent net worth in Canada is $6,300,000 according to 2019 data. That means according to 2019 data from Statistics Canada, the top 1% net worth Canadians have at least $6,300,000. The cut-off for the top one percent of family net wealth is $6.3 million. Projecting that to 2021 from the PBO, this would be about $7,300,000.

How much wealth does a family have in Canada?

There are approximately 3 million families in Canada with net wealth above one million dollars (which is about the top 20% of net worth in Canada). Collectively, these families (the top 20% of Canadians, those with $1,000,000 net worth) hold 73 percent of the total wealth in Canada.