Here’s how much Canadians are earning by province
How does your household income compare with your neighbours? What provinces have the highest median family income? Statistics Canada has just released data from the new Canadian Income Survey (CIS), based on annual income information for 2012.
According to the release, median after-tax income of Canadian families of two or more people was $71,700. Families in four provinces – Ontario, Saskatchewan, Alberta and British Columbia – had higher median incomes than the Canadian average. It should come as no surprise to anyone that Albertans are doing the best with a median family income of $92,300. Saskatchewan comes in second place with $77,300, followed by Ontario ($73,700) and British Columbia ($72,200). Families and individuals in Eastern Canada are earning much less.
Alberta families had both the highest median after-tax income and the highest median market income at $102,700. If, like me, you don’t know what that means, according to the Stats Can website, market income is the “total income before tax minus income from government sources.” To be specific, income from the market.
“Unattached individuals,” (which we understand to mean single person homes) in Alberta also had the highest median after-tax income at $36,500, and market income at $37,000.
Here’s a cross-country breakdown of what we’re making.
Median after-tax income by family type
- Families: $76,900.
Senior families (the highest income earner was 65 or older): $52,300
Two-parent families with children: $84,600
Lone-parent families headed by a woman: $39,100
Unattached individuals: $27,300 (unattached seniors: $25,000; non-seniors: $28,300)
Here’s the information by country and province:
After tax income, families of two persons or more
- Canada: $71,700
Newfoundland and Labrador: $64,500
Prince Edward Island: $61,100
Nova Scotia: $62,900
New Brunswick: $59,300
British Columbia: $72,200
After tax income, unattached individuals
- Canada: $27,300
Newfoundland and Labrador: $22,100
Prince Edward Island: $23,300
Nova Scotia: $26,300
New Brunswick: $23,200
British Columbia: $25,200
Market income, families of two persons or more
- Canada: $71,900
Newfoundland and Labrador: $56,400
Prince Edward Island $59,600
Nova Scotia: $59,200
New Brunswick: $56,300
British Columbia: $70,800
Market income, unattached individuals
- Canada: $22,400
Newfoundland and Labrador: $12,300
Prince Edward Island $18,000
Nova Scotia: $20,600
New Brunswick: $17,800
British Columbia: $19,500
If, again like me, you’re confused by the discrepancies between after-tax income and market income, keep in mind that it depends on how much money people are getting from the government, then paying in taxes.
“In 2012, 18.7 million Canadians aged 16 or over received $138.8 billion dollars in government transfers. One-quarter of recipients of government transfers were seniors and they received just over half of the total transfers paid. Almost all (94.1%) of this amount for seniors comes from Old Age Security, Guaranteed Income Supplement, Canada Pension Plan and Quebec Pension Plan programs.
“Transfers received varied widely by family type. For non-senior families, median government transfers amounted to $3,500 in 2012, while for senior families, the median was $26,000. For female lone-parent families, the median was $10,300, while for two-parent families, it was $4,300.”
See the full report from Statistics Canada.