Average Income Of Middle Class In Canada

Average canadian annual salary by province and territory data from january 2019 newfoundland and labrador 54 451.

Average income of middle class in canada. Over the 2013 2014 financial year the average canadian salary increased by 2. For instance middle class household incomes in p e i nova scotia quebec and several other provinces are well below the national average of 66 397 as bright lights big incomes to the right. For a single person in toronto victor fong told daily hive that the individual would need to make a gross salary of 102 000 or an after tax income. While the middle class incomes of canada and most western european countries continued to rise even during the deep global recession that began in 2009 the u s.

Who is canada s middle class. According to a recent report by fong and partners inc the middle class lifestyle was common and available to many people 30 years ago but today is only available to the top 10 economic class. Though some provinces may have high costs of living often these areas will also have high salaries that ensure canadians can live a comfortable life. In 2015 justin trudeau spoke in an interview with peter mansbridge about the middle class tax bracket as being from 44 000 to 89 000 and a typical family of four being one that earned.

Canada is a wealthy country though salaries are always dependent on level of skill location and job industry. No single definition for middle class exists but it s often considered between 67 and 200 the median income and is based on a variety of factors including wealth and consumption. Median salary the median salary is 112 000 cad per year which means that half 50 of the population are earning less than 112 000 cad while the other half are earning more than 112 000 cad. Saw its median annual income fall.

Also the income share of the upper middle of the nation s total income decreased 0 2 percent to 47 8. The real average total income of the middle class stayed flat at 59 400 from 2017 to 2018. Salaries in canada range from 30 200 cad per year minimum salary to 534 000 cad per year maximum average salary actual maximum is higher.