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Gap between rich and poor Canadians rivals Third World
A Statistics Canada based study for the Canadian Centre for Policy Alternatives finds the wealth gap is deep and persistent over 30 years. The poorest 10 percent fell into debt while the richest 10 percent saw wealth swell to about $980,000. The report cites tax cuts for the wealthy and erosion of social programs as drivers and mentions inheritance tax as a possible reform.
MENTIONED IN THIS ARTICLE
Toronto
Canada
Statistics Canada
Centre For Policy Alternatives
British Columbia
Steve Kerstetter
National Council of Welfare
Ottawa
Kerstetter
Atlantic