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NATIONAL BREAKING NEWS

The Canadian Press - ONLINE EDITION

Canada's super-rich: top 1 % are a smidge less wealthy but include more women

OTTAWA - Canada's mega-rich lost ground to the other 99 per cent, say newly released figures from Statistics Canada.

The top one-per-cent of Canadian earners saw their share of the country's overall income tumble to a six-year low in 2012, the agency said in a report Tuesday.

The wealthiest Canadians, the data show, held 10.3 per cent of total earnings, a drop from a peak of 12.1 per cent in 2006.

To qualify for the exclusive club, the report said an individual had to earn a minimum of $215,700 in 2012, a feat achieved by 261,365 people who filed taxes that year.

Women represented 21.3 per cent of the ranks of Canada's super-wealthy in 2012 — nearly double their proportion of 11.4 per cent in 1982.

"Although Canadian men represent the vast majority of the top income groups, the number and share of women in (the) top one per cent reached a 31-year high in 2012," said the Statistics Canada report, which also elaborated on how much the gap narrowed overall.

"The six-year period between 2006 and 2012 also marked, for the first time since 1982, a prolonged period in which the total income shares of the bottom 90 per cent, 95 per cent and 99 per cent of Canadian tax filers rose or stabilized."

In Canada, the 2012 shift in the share of income away from the top-one per cent stood in contrast to what happened in the United States, the report said.

While super-rich Canadians earned a smaller their slice of overall income pie, Statistics Canada said their mega-moneyed counterparts in the United States raked in a bigger chunk of their own nation's wealth.

The wealthiest Americans, the agency said, saw their income share rise over the same six-year period, from 18 to 19.3 per cent.

Back in Canada, a provincial breakdown of the numbers shows Ontario still had the highest proportion of top one-per-cent earners in 2012 at 41.5 per cent, but the share plunged from its peak of 51.7 per cent in 2000.

Meanwhile, Alberta saw its proportion of richest Canadians jump to 22.8 per cent in 2012, from 12.7 per cent in 2000.

Here's a rundown of six provinces ranked by their share of Canada's top one-per-cent earners in 2012, according to Statistics Canada:

— Ontario: 41.5 per cent (down from 51.7 per cent in 2000)

— Alberta: 22.8 per cent (up from 12.7 per cent in 2000)

— Quebec: 16.6 per cent (down from 17.2 per cent in 2000)

— British Columbia: 11.1 per cent (up from 10.7 per cent in 2000)

— Saskatchewan: 2.1 per cent (up from 1.5 per cent in 2000)

— Newfoundland and Labrador: 1.0 per cent (up from 0.7 per cent in 2005)

Solved: Rogers DTA50 Analog To Digital Adapter : Solution Found To Programming Remotes

Have you been struggling with the Rogers-Canada switch from Analog to Digital?
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Well after hours and hours of trying to solve this following the lousy instructions from Rogers for their Cisco DTA50, I solved my TV remote programming issues as below, hope it works for you.

I needed a code for a Sanyo Flatscreen and there were 10 in the instructions found at the link below.
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This is the link : https://www.urcsupport.com/urc_product/delta-urc3068/

The code is 5 Digits NOT 4 digits like the older models required. Example: RCA

Barrie man accused of defrauding residents of more than $600,000

A Barrie man charged with defrauding local citizens of more than $600,000 was released from custody Monday after spending the weekend in jail.

Reginald Roskaft, 58, a long-time businessman, is charged with several counts of theft and fraud.

Barrie police allege Roskaft operated a Ponzi scheme and pretended he was taking the money of friends and associates to invest it under the bogus name of Trekant Group, but he kept the money for himself.

None of the allegations have been proven in court.

As Roskaft stood in the prisoner’s box, Crown attorney Ann Tierney read off a long list of allegations against him, however, there is a ban on publication of those details.

The publication ban is temporary and put in place to protect Roskaft if his case goes to trial. However, if he takes the case to trial, the trial would not begin for two to four years following several court pretrials involving legal discussions.

Roskaft was allowed to go home to live with his daughter in Oshawa.

Aside from the criminal charges, Roskaft has previously been fined $250,000 in a separate list of offences by the Mutual Fund Dealers Association of Canada (MFDA).

Following a hearing last May, Roskaft was found guilty of misappropriating funds in 2010 and 2011, as well as failing to attend his own hearing and failing to co-operate with the MFDA.

“The Respondent preyed on vulnerable senior citizens, realized significant benefits by appropriating at least $111,799 from his clients and actively misled his clients about the monies advanced to him,” said the MFDA panel in its written decision which can be found on the MFDA public website.

Police say at least seven complainants have come forward. The investigation continues and police are looking for more victims.

Roskaft will be back in court Dec. 1 for a brief appearance