Canada is one of the most decentralized federations in the world. Public services (notably health, education at all levels, social services such as elder care, and local services) are delivered and financed primarily by provincial and municipal governments.
The Canadian Constitution states that the provinces should have sufficient resources to provide “reasonably comparable services at reasonably comparable levels of taxation.”
Congratulations to Statistics Canada for providing an update on top incomes in Canada, and for launching two new CANSIM tables allowing researchers to dig into the details.
While the income share of the top 1 per cent has slipped slightly since the Great Recession – likely due in large part to the reduced value of exercised stock options – their share of all income (10.6 per cent in 2010) still stands well above the low of about 7 per cent that was reached in the early 1980s.