This week's release from Statistics Canada on the income share of the wealthy generated some interesting coverage and commentary. It reported that the top 1 per cent's share of total income in Canada remained steady in 2011 in Canada, at 10.6 percent -- but still significantly higher than in the 1980s.
Most observers did not mention, however, that this oft-cited income share statistic does not include capital gains in the calculation of incomes and income shares. A capital gain, of course, is a realized benefit resulting from the disposition of an asset (buy low, sell high … unless you are a short seller, in which case you should buy high and sell low!).