A Money Coach in Canada

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So in 1992 the top 5% of Canadians had 21% of the wealth.  As of 2004, they have 25%, according to a stats can release a couple days ago.  The rest of us middle-income earners haven’t had much of a change.

More intriguing stats:

To be in the top 5%, you need an annual income of $89K. (in the US, you’d need $165K)

1 in 4 of the top 5% is a woman.

If you’re tempted to be bitter, take some consolation – the top5% paid 36% of the taxes CRA received.

About the Author

Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

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