Investment income in 2014
Ottawa - Both the number of taxfilers reporting investment income and the amount of reported investment income increased in 2014, but at a slower pace than in the previous year. Investment income refers to the sum of dividend income from taxable Canadian corporations and interest income from investments in non-tax-sheltered vehicles.
Nationally, over 7.6 million taxfilers reported income from investments in 2014, up 0.4% from 2013. This compares with a 1.0% increase from 2012 to 2013.
The amount of investment income was up 0.4% in 2014 to $68.3 billion (in constant dollars), following an increase of 8.5% from 2012 to 2013. While the number of taxfilers reporting investment income rose in 2014, that number as a proportion of all taxfilers edged down from 30.0% in 2013 to 29.6% in 2014.
Nationally, median investment income increased from $610 in 2013 to $620 in 2014 (in constant dollars). In other words, half of the taxfilers reporting investment income in 2014 reported more than $620, while the other half reported less than $620.
Taxfilers in Alberta ($800) reported the highest median investment income, followed by those in British Columbia ($770) and Saskatchewan ($690). Taxfilers in Nunavut ($260) reported the lowest median investment income, followed by those in Newfoundland and Labrador ($340) and the Northwest Territories ($340).
Among census metropolitan areas (CMAs), Victoria ($1,030) reported the highest median investment income among taxfilers, followed by Kelowna ($1,020) and Calgary ($940). The lowest median investment income was reported in Saguenay ($350).
Victoria was also the CMA with the highest proportion of taxfilers reporting investment income, at 37.8%, followed by Kelowna and Vancouver (both at 36.6%).