Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - $89,000 puts you in the Top 5% of earners

I-Hate-Hulse · 09-24-2007, 05:59 PM

I found this incredibly surprising.....

An income of at least $89,000 was needed to be in the top five per cent of earners in 2004, Statistics Canada said Monday.
This "five per cent club" earned 25 per cent of the income Canadians declared in 2004 — up from 21 per cent in 1992. They paid 36 per cent of the personal taxes collected in 2004.

http://www.cbc.ca/money/story/2007/0...ighincome.html

I thought the bar to a "5% of earners club" would be much higher than this. Don't get me wrong, $89K is an excellent wage, but it doesn't seem that lofty.

Right now most Professionals in Calgary (Lawyers, Engineers, Chartered Accountants, etc) are extremely likely to be in this zone, as would many of the trades in this town and up North right now. Just a case of the "Alberta Boom" distorting perceived relativity?

09-24-2007, 05:59 PM	#1
I-Hate-Hulse Franchise Player Join Date: Jul 2003 Location: Sector 7-G Exp:	$89,000 puts you in the Top 5% of earners I found this incredibly surprising..... An income of at least $89,000 was needed to be in the top five per cent of earners in 2004, Statistics Canada said Monday. This "five per cent club" earned 25 per cent of the income Canadians declared in 2004 — up from 21 per cent in 1992. They paid 36 per cent of the personal taxes collected in 2004. http://www.cbc.ca/money/story/2007/0...ighincome.html I thought the bar to a "5% of earners club" would be much higher than this. Don't get me wrong, $89K is an excellent wage, but it doesn't seem that lofty. Right now most Professionals in Calgary (Lawyers, Engineers, Chartered Accountants, etc) are extremely likely to be in this zone, as would many of the trades in this town and up North right now. Just a case of the "Alberta Boom" distorting perceived relativity?