In Canada, the majority of people live a healthy and high quality life. Moreover, the Canadian Government provides various financial benefits to support the low-income families of the country. To know more about the financial situation of the Canadian citizens, it’s important to have knowledge about Canada’s Average middle class and Province Wise Income.
Average Middle-Class Income in Canada
Canadian social service programs play a significant role in maintaining a quality of living across the country. Mostly, people of Canada live a luxurious life. The average middle-class income in Canada is $66,800 after taxes. Approximately, the average income before the taxes is $70,000. If you are planning to reside in Canada, then it’s important to know about the cost-of-living in the country.
Based on the Labour Force Survey (LFS) data, the average pay in Canada is $64,850, in October 2023. Canada places amongst the top 20 countries in the world with high paid salaries. Canada is also prominent with high job securities, immense standard of living and calm politics.
Accentuated Points of Average Middle-Class Income in Canada
| Article | Average Middle Class Income in Canada 2024 |
| Country | Canada |
| Average Pay after Taxes | $66,800 |
| Highest Average Pay | $118,000 |
| Post Category | Finance |
| Highest Income Provinces | Alberta and Nunavut |
The Canadian Government has predicted an increase of 4.2% in the national average pay for 2023. Alberta and Nunavut are the most popular provinces in Canada. Alberta’s highest average income is $57,600 with a median income of $41,300. Nunavut’s highest average pay is $118,000.
Average Income (According to the Province)
| Province | Average Middle-Class Income (Families) | Average income of a Single Person |
| British Columbia | $67,500 | $66,232 |
| Alberta | $77,700 | $74,237 |
| Saskatchewan | $67,700 | $88,424 |
| Manitoba | $63,000 | $58,500 |
| Ontario | $70,100 | $63,369 |
| Quebec | $59,700 | $57,506 |
| Prince Edward Island | $59,400 | $46,160 |
| Nova Scotia | $57,500 | $56,550 |
| New Brunswick | $56,900 | $57,336 |
| Newfoundland and Labrador | $59,300 | $52,562 |
| Yukon | $86,300 | $62,500 |
| Nunavut | $118,000 | $74,900 |
| Northwest Territories | $127,000 | $77,900 |
Income Consideration (Province Wise)
There are various factors that affect the pay scale of each province. It is affected by the job opportunities available in the province. Overall average income is also calculated by the minimum salaries of different provinces. Let’s take an example, British Columbia has a minimum average pay of $67,500 and on the other hand the Northwest has the highest average pay of $127,000. Hence, the job opportunities and cost-of-living has a crucial role in deciding the average incomes of the province.
There are some places in the province which have remarkably higher salaries due to the presence of specialized services and mining towns. It also distincts such places from other places in the provinces leading to a difference in the pay scales of each province.
Closure
If you want to live in Canada, the most economical provinces are PEI, Quebec and New Brunswick.
In 2020, average income of specialist physicians was $303,400, dominating the salary charts.
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Approximately, 26K workers were benefited by the increase in minimum wage. The hourly minimum wage was increased to up to $16.65 in April 2023.
FAQs about Average Middle-Class Income in Canada
The average middle class income of Canada is $66,800 after the tax deduction. Before the tax deduction, it is $70,000.
There is a difference of average income of each province due to job availability, difference in the quality of living, and minimum wage standards. There are provinces with specialized services present in those particular provinces only, making them a slightly expensive place.
The most economical provinces in Canada are PEI, Quebec, and New Brunswick.
The most highest income provinces of Canada are Alberta and Nunavut.
Riya Claire is the Editor-in-Chief of the East Hampton Chamber Portal. She holds a degree in Mass Communication, an MBA in Finance, and a diploma in HR, making her a versatile professional for an online portal