Statistics Canada released a report on 2004 income of Canadians, and if you make $89,000, you are among the top 5% earners in Canada, numbering 1.2 million.

These are 75% male, mostly aged 45 to 64, and married.

Compared to the US, one would need to make $165,000 to be among the top 5% there.

What is surprising is that the top 0.01% made $2.8 million each, a third of which were in the effective tax rate of 40%. Some paid as little as 10% in taxes, and 100 of those top 0.01% paid no taxes at all, due to tax deductions such as business losses and gifts to the Crown

Via the CBC.