CPA Canada has released a policy research looking revealing a rise of income inequality in Canada and especially in the urban centres.
Income Inequality in Canada: The Urban Gap revealed that the increase in income inequality in Canada is not only centred on cities but it is almost exclusive to the cities.
“Calgary posts an increase in after-tax inequality four times higher than the national average since 1982, while Vancouver and Toronto follow closely behind with increases that are 2.5 and three times higher, respectively,” the report read.
However less populated communities are also feeling the inequality pressure, CPA Canada’s report warned.
“The challenge here is that few of the tools that are able to address rising inequality lie with municipalities. The onus then is on federal and provincial governments to recognize that rising inequality is primarily an urban problem. In addition to the broad-based measures in its inclusive growth agenda, government needs to exercise more precision in applying their tools, be it tax policy or affordable housing strategies,” the report recommended.