Richest 10% earn over a quarter of all income in Quebec
The richest 10 per cent of Quebecers earn over a quarter of all income made in the province, according to data released Tuesday by the Institut de la statistique du Québec.
Those that fall within the richest 10 per cent of the population make at least $61,200 after taxes, according to the institute report, and average $85,700 in take home pay.
Being among the richest in the province doesn't mean as much as it used to, compared to the rest of Canada.
Only 13 per cent, or roughly one in eight of the richest Quebecers, qualify to be among the richest in Canada—a significant decline from 1976, according to the institute, when 21 per cent were in the top earners' bracket across Canada.
According to the study Qui fait partie du groupe des 10% dont le revenu est le plus élevé?, the top 10 per cent income holders in Quebec are more likely than all others to be between 45 and 64 years old (54 vs. 35 per cent), university graduates (62 vs. 26 per cent), home owners (89 vs. 68 per cent) and men (68 vs. 49 per cent).