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Today, our team at Canadians for Tax Fairness released The new robber barons: A quarter century of wealth concentration in Canada, a new report co-authored alongside our friends at BC Policy Solutions. The new robber barons examines the extreme wealth concentration that has unfolded in Canada over the last quarter-century and sounds the alarm on the urgent need to protect our democracy and sovereignty.
Here are some highlights:
- After a quarter-century of extreme wealth concentration, the top 1% now own 23% of the wealth—with the wealth of just 169,000 families up a whopping $3 trillion since 1999.
- The 1,600 wealthiest Canadian families that make up the top 0.01% hold an average of $448.5 million in wealth, over 4,000 times the average wealth of a family in the bottom 50%.
- Just to get back to the wealth distribution of 1999, the top 1% would have to transfer $560 billion to the bottom 99%.
- In 2023, the 86 Canadian-resident billionaire families held $286 billion in wealth, as much as 6.2 million families at the bottom of the wealth distribution—roughly equivalent to the value of all residential land in the City of Vancouver.
- The wealthiest resident family of Canada in 2025 was the Thomsons, with $93.9 billion in combined wealth. Surprise surprise, they were also the richest family in 1999!
Read the full report and see how everyday Canadians can fight back: | 
