Impact of inflation on the Ontario sunshine list
Since 1996, the $100,000 threshold has not changed. The effect of increasing this threshold is dramatic:
- Canadian consumer price index (CPI) has increased by 44.4% from 1996 to 2016 source
- In 2016, there were 123,410 individuals on the sunshine list
- If the threshold were to follow the CPI, the size of the 2016 list would have been reduced by 82%, to 22,138 people.
- Put differently, in terms of the purchasing power of a Canadian Dollar buying Canadian goods and services, a $100,000 threshold in 2016 is equivalent to $69,238 in 1996.