Statistics Canada study finds widening wealth gap between recent immigrants and Canadian-born families

A joint study by Statistics Canada and Immigration, Refugees and Citizenship Canada released on August 26, 2026, reveals significant disparities in economic well-being across income levels. Based on pooled data from the Survey of Financial Security, recent immigrant families have less wealth than Canadian-born families across all income quartiles, with the gap widening most at higher income levels. While compositional factors such as homeownership rates, pension plan access, inheritances, and age explain wealth gaps among lower-income households, substantial disparities persist at higher income tiers even after adjusting for these variables. Conversely, established immigrant families equalled or exceeded the wealth levels of Canadian-born families, highlighting the role of time spent in Canada in long-term financial integration and asset accumulation.

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