Canada
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The rich in Toronto make an average of $574,400 according to study

Handout photo of money seized by police during investigation called Project Collector. This was a three-year financial crime investigation conducted jointly between ALERT Calgary’s financial crime team and RCMP Federal Serious and Organized Crime (FSOC). The investigation began in Calgary and led to the dismantling of a nation-wide criminal organization involvingmoney laundering between Ontario, Alberta, and British Columbia.
Handout photo of money seized by police during investigation called Project Collector. This was a three-year financial crime investigation conducted jointly between ALERT Calgary’s financial crime team and RCMP Federal Serious and Organized Crime (FSOC). The investigation began in Calgary and led to the dismantling of a nation-wide criminal organization involvingmoney laundering between Ontario, Alberta, and British Columbia. jpg

Ever wondered what it means to actually be considered rich in Toronto?

Well, OnlineGambling.ca have crunched the numbers to say just how much income the wealthiest 1% earn in each Canadian province and territory including some of their cities.

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It found Toronto is the wealthiest city in the country – with the top 1% earning $574,400 – and Ontario is the wealthiest province with the highest average income in their 1%, at $542,100.

The study found the top 1% was made up of 73.5% of males and 26.5% of females.

Meanwhile, the average income of the top 10% in Ontario is $182,400

Prince Edward Island had the lowest income of the top 1% of all the provinces with an average of $380,900.

The numbers couldn’t be broken down along gender lines but the average income of the top 10% in P.E.I. was $159,000.

OnlineGambling.ca used Statistics Canada data containing the annual income stats for Canadians based on the last available year to come up with the numbers.