With the fast urbanization, the cost of living in the country has been growing constantly. The middle class income for single residents residing in Canada ranges from $32,000 to $91,000 yearly. Based on the income survey conducted by Statistics Canada in 2024, the median income in Canada is $68,400 after taxes. Because of the Covid-19 outbreak, which caused many people to lose their jobs and raised the poverty rate, Canadians’ average family income was significantly impacted. The percentage of citizens living below the poverty line represents about 3.8 million people residing in Canada.
The single-parent households had a middle pay of $46,500, and families with two parents and children had an average median income of $115,700. The average income in Canada will generally vary and alter based on a number of factors, including area, occupation, gender, and the state of the economy. In this post, you are to get an overview of the Average Middle Class Income in Canada. Read it till the end.
Canada Average Middle Class Income
In Canada, the middle-class annual income is related to retirement savings, property ownership, and automobiles. It’s possible to be middle class without these things, though. It is a way of life that the quantity of money earned reflects. The lower class has an income between $0 and $53,359 per year. The income ranges from $54,600 to $105,000 for the middle class, from $106,717 to $235,675 for the upper middle class, and from $235,675 and beyond for the upper class.
The average pay is calculated depending on the cost of living per province. Work and average compensation are two more important factors that affect average income. Furthermore, the incomes in each province differ, which ultimately influences the average income as a whole. To calculate the average middle-class income of the country, the important variable for each province is the average salary. Every province has a unique specialty that the others do not, leading to differences in the average income of every Canadian province.
Notably, a class’s tax rate is based on the range of income levels. In Canada, approximately 15% of people receive salaries that exceed 15% of their yearly revenue. The income is about $70,000 before taxes and $66,800 after taxes. The income of the middle class is the most essential part of the country’s economic development.
Canada Average Income- Overview
| Article On | Canada Average Middle Class Income |
| Department | Canada Revenue Agency (CRA) |
| Country | Canada |
| Year | 2024 |
| Average Income of Individuals | $54,600 to $105,000 Yearly |
| Highest Average Income in Canada | $85,222 in Nunavut |
| Category | Finance News |
| Official Website | canada.ca |
What is the Average Salary in Canada?
A full time employee in Canada earns around $54,600 to $105,000 every year. As compared to previous years, the salaries have been increased by 4 percent as of this point. The people are earning more money than they did in earlier years.
The individuals are immigrating to Canada from other countries in search of good living standards, better predictions for professional improvement, and high salaries. Canada provides attractive salaries to lead a stable life there, no matter what skills the person has or the profession they hold experience for.
Province Wise Average Income
Generally, the average Canadian Income is increased yearly, not every province and territory pays individuals the same. Canada pays out different average salaries to each province and territory, and these statistics are intended for modification.
As per the latest data, the average income is high in usually popular provinces like Nunavut, Northwest Territories, Yukon, and British Columbia. Check the table below which illustrates the average Income in Canadian provinces & territories:
| Province and Territory | Average Salary (per year) |
| Nunavut | CAD 85,222 |
| Alberta | CAD 67,153 |
| Ontario | CAD 52,083 |
| Yukon | CAD 72,794 |
| Northwest Territories | CAD 84,182 |
| Saskatchewan | CAD 60,886 |
| Newfoundland and Labrador | CAD 63,980 |
| Quebec | CAD 60,689 |
| British Columbia | CAD 63,980 |
| New Brunswick | CAD 58,080 |
| Nova Scotia | CAD 56,374 |
| Prince Edward Island | CAD 54,969 |
| Manitoba | CAD 58,010 |
Tax Rates in Canada 2024
The tax brackets in Canada vary from 15 to 33 percent. In Canada, the tax rate is determine by the beneficiary’s income. It’s crucial to remember that the rates provided below are based on pre-tax income. In addition, taxes are imposed by each province; however, CRA is responsible for collecting these taxes. Check the table below to know the tax rates:
| Income | Tax Rate |
| $0 – $53,359 | 15% |
| $53,359 – $106,717 | 20.5% |
| $106,717 – $165,430 | 26% |
| $165,430 – $235,675 | 29% |
| Above $235,675 | 33% |
Highest Paying Jobs in Canada
The majority of employees in Canada pays middle-class wages. But some individuals earn more money than others. Additionally, you can earn far more than the average individual, depending on your position and level of experience. The following is a list of some of the higher-paying occupations that earn between middle-class and upper-middle-class salaries, check that out:
- Software Developer
- Pharmacists
- Physician
- Lawyer
- Banker
- IT manager
- Pilot
- Architect
- Forman in Construction
- Engineer
- Electrician
- Welder
- Marketing Manager
- Facilities Manager
- Construction Manager
- Research Scientist
- Human Resources Manager
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