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Canada's Wealth Gap: Billionaires Gain $95B Amid Inequality

3/17/2026

23 5 Full Breakdown

Summary

Story summary

Wealth inequality in Canada is pronounced, with the top 1% holding about 24% of wealth and the bottom 40% about 3%.
The top 10% control 53% of wealth.
Canada's 40 richest billionaires gained about $95 billion from 2024 to 2025.
Oxfam proposes a tiered wealth tax, aiming to raise about $121 billion over five years.
It also urges reforming capital gains tax and introducing an inheritance tax to curb concentration.

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Story summary

Wealth inequality in Canada is pronounced, with the top 1% holding about 24% of wealth and the bottom 40% about 3%.
The top 10% control 53% of wealth.
Canada's 40 richest billionaires gained about $95 billion from 2024 to 2025.
Oxfam proposes a tiered wealth tax, aiming to raise about $121 billion over five years.
It also urges reforming capital gains tax and introducing an inheritance tax to curb concentration.