Longitudinal Administrative Databank (LAD)
Income group threshold of economy, value
Income group threshold refers to the value used to classify tax filers into their respective income groups. This is the level of income that divides the top portion of an income distribution from the bottom portion. For example, the threshold for the top 1% and for the bottom 99% is the 99th percentile. Similarly the threshold for the top half and the bottom half of filers is the median or the 50th percentile of the income distribution.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.
The data for this variable are reported using the following measurements:
- Canadian dollar at current prices