Average income growth for the top one per cent of tax filers rose 8.5 per cent to $477,700 in 2017, according to a new report from Statistics Canada. The top 0.1 per cent (those making $2.7 million or more) saw the largest jump, with their incomes increasing an average of 27 per cent. (The Logic)

Talking point: Top earners are paying slightly more at the federal level following a 2016 change to the tax code that bumped the top rate by 0.4 per cent. However, the overall effective tax rate, combining federal and provincial rates as well as employment insurance and pension plans, dropped to 30.9 per cent in 2017, from 31.3 per cent the previous year. The one per cent is the only group to receive a greater share of total income this year—and they’re likely to continue enjoying lower taxes regardless of who wins the election. The Conservatives and Liberals have promised tax cuts targeted at less wealthy earners. The NDP, currently behind in the polls, are bucking the trend, with a promise to raise the tax rate by two percentage points on income over $210,000 and impose a one per cent annual wealth tax for people making over $20 million.