This might be obvious for those who have spent sometime in Calgary but it’s now official there is more money in Alberta than pretty much anywhere else in Canada.

From Bloomberg:

The fourth-biggest province was home to 23 percent of Canadians in the top income bracket in 2004, which was C$2.83 million ($2.83 million) or higher, Statistics Canada said today. Ontario, Canada’s most populous province, had 51 percent and Quebec, the second-biggest, had 10 percent.

Albertans’ incomes are rising as energy companies scramble to develop oil fields in the province’s tar sands, site of the biggest reserves outside the Middle East, causing labor and housing shortages. In 1992, when oil prices were below $20 a barrel, Albertans accounted for 11.1 percent of the people in the top 0.01 percent of earners.

Link.