Impact of inflation on the Ontario sunshine list
Since 1996, the $100,000 threshold has not changed. The effect of increasing the threshold is shown below:
- Canadian consumer price index (CPI) has increased by 59.3% from 1996 to 2021 source
- In 2021, there were 244,390 records on the sunshine list
- If the threshold were to follow the CPI, the size of the 2021 list would have been reduced by 89.9%, to 24,934 records.
- Put differently, in terms of the purchasing power of a Canadian Dollar buying Canadian goods and services, a $100,000 threshold in 2021 is equivalent to $62,775 in 1996.