Not only does oil flow in Alberta but money does as well.
That was clear Tuesday as Statistics Canada released new data on the nationâ€™s top one per cent of tax filers.
InÂ 2005, Alberta surpassed Quebec as the province with the second largest proportion of Canadians in the top one per cent, and has remained there since. Alberta was home toÂ 12.7 per cent of the top one per centÂ of Canadian tax filers inÂ 2000Â and this share had increased toÂ 22.8Â per centÂ byÂ 2012, said the federal agency.
â€œIn Alberta, the income share of the topÂ 10 per cent of Canadian tax filers living in that province went down after the recession, but, byÂ 2012, it had recovered to reachÂ 50.4 per cent, just shy of theÂ 2008Â peak ofÂ 50.8 per cent,â€� explained Statistics Canada.
But the federal agency said Canadaâ€™s top one per centÂ of tax filers saw their share of total income fall to a six-year low inÂ 2012.
It said the top one per centÂ heldÂ 10.3 per cent of total income inÂ 2012, down fromÂ 10.6 per cent inÂ 2011, and well below the historical peak ofÂ 12.1 per cent reached inÂ 2006.
Taxfilers needed to earn a total income of $215,700Â to be among the top one per centÂ inÂ 2012, a $3,000Â increase from $212,700Â inÂ 2011, said the federal agency.
Statistics Canada said Ontario still had the largest proportion (41.5 per cent) of the countryâ€™s top one per centÂ tax filers inÂ 2012, but this share has been declining since its peak ofÂ 51.7 per cent inÂ 2000.
â€œAlthough Canadian men represent the vast majority of the top income groups, the number and share of women in top one per centÂ reached aÂ 31-year high inÂ 2012,â€� said the federal agency.
â€œAmong theÂ 261,365Â top one per centÂ tax filers, more than one in five (21.3 per cent) inÂ 2012Â were women. That was almost twice their proportion inÂ 1982.â€�