Estimating the top tail of the family wealth distribution in Canada: updates and trends
Senator Rosa Galvez requested that the PBO update the High-net-worth Family Database for the year 2019 and that the same methodology be applied to previous years in order to study the trends in the distribution of Canadian net wealth. PBO applies a modelling approach from a past report to estimate the top tail of the family wealth distribution in Canada for the year 2019. The approach is also applied to the years 1999, 2012, and 2016 in order to study the trends in wealth held by the wealthiest families in Canada. This report provides the details of the update and the results.