Canada’s top 1% of taxfilers saw their share of the country’s total income remain the same in 2013, while their average total income grew 1.2%, the same rate as all taxfilers.

The top 1% of taxfilers received 10.3% of the nation’s total income in 2013, the same as in 2012. Their average income increased $5,600 or 1.2% from 2012 to $454,800. This was still below the 2007 peak of $519,500 (all dollar figures are in 2013 constant dollars). The average income of the top 5% rose 1.8%, while that of the top 10% increased 1.9%.

The top 1% of taxfilers paid, on average, $151,900 in income taxes to the federal, provincial or territorial governments in 2013, up $3,000 or 2.0% from a year earlier. Meanwhile, the average tax paid by all taxfilers increased by 1.8%. The top 1% of taxfilers paid 20.3% of federal and provincial/territorial income taxes in 2013, unchanged from 2012.

To be in the top 1% in 2013, a taxfiler needed to have total income of at least $222,000. There were 264,030 taxfilers that had this amount or more in 2013. To be in the top 5% required $115,700, while to be in the top 10% required $89,200.

Source: The Daily — High-income trends among Canadian taxfilers, 1982 to 2013

Canada’s top one per cent of tax-filers earned an average income of $454,800 in 2013 and were taxed an average of $151,900, according to a new report by Statistics Canada.

Source: Canada’s richest 1% earned average income of $454,800 in 2013 | CTV News

Source: US Stocks Drift as Companies Report Disappointing Earnings – ABC News

As policymakers start putting into practice the Sustainable Development Goals (SDGs) adopted by world leaders in September, United Nations officials and Government representatives are meeting to discuss how to continue reducing poverty and inequality in Latin America and the Caribbean, despite the region’s economic slowdown.

Source: United Nations News Centre – In Peru, UN conference addresses poverty and inequality in Latin America and the Caribbean

Four years ago, João Pereira de Souza of Brazil made a peculiar lifelong friend.

The 71-year-old retired bricklayer and widower found a magellanic penguin covered in oil near his home in 2011.

He cleaned it off and nursed it back to health. When the penguin was strong enough, de souza brought the bird to the beach but it refused to leave his side.

Source: Penguin refuses to leave man who saved its life