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 70.1% from 1996 to 2022 source
- In 2022, there were 266,903 records on the sunshine list
- If the threshold were to follow the CPI, the size of the 2022 list would have been reduced by 92%, to 21,909 records.
- Put differently, in terms of the purchasing power of a Canadian Dollar buying Canadian goods and services, a $100,000 threshold in 2022 is equivalent to $58,796 in 1996.