Tax data from 2022 shows that the top 1% of earners had an income of at least $283,200, a 4.3% increase from $271,300 in 2021. Their average income was $586,900. This group earned 10.2% of all income in Canada and paid 22.1% of all income taxes.

Housing starts signal demand for labor, materials, appliances, home furnishings, and mortgages, making them a key economic indicator. In 2024, housing starts in Canada rose 2% from 2023 to 245,367 units.

In 2023, the United States imported 3.8 million barrels per day from Canada, representing about 60% of the total crude oil it imported that year. Between 2013 and 2023, Canada’s share of the United State’s total crude oil increased by 33% from 2.57 million barrels per day to 3.8 million barrels per day.

In 2023, Canada’s GDP was $2.38 trillion, up about $40 billion or 1.2% from $2.34 trillion in 2022. Among the provinces, Ontario's real GDP reached $932 billion, accounting for almost 40% of Canada's total economic output.

In 2024, the value of goods Quebec exchanged with its international trade partners totaled almost $226.7 billion, up about 3 percent or $6.5 billion from $220.2 billion the year before. The United States made up 55% of Quebec’s total international merchandise trade in that year, 7.7 times more than China, its second-largest trade partner.

In 2022, the median after-tax household income in Canada was $70,500, a decline of 3.4% or $2,500 from $73,000 in 2021. Regionally, Alberta led the pack with a median after-tax household income of $82,700 up $400 or 0.49% from the year before.

Combining imports and exports, the United States was Ontario’s top trade partner in 2024, with more than $438 billion of goods exchanged. The United States made up 61% of Ontario’s total international merchandise trade in 2024, 8.7 times more than China, its second-largest trade partner.

The median income of individuals of both sexes (males and females) in Canada rose by $1,440 in 2022, reaching $43,090—an increase of 3% from the previous year. Explore how median income at a national and regional level has changed between 2000 and 2022, and how it has affected males and females.

In 2023, the United States was Canada’s top trade partner with nearly $968 billion of goods and services exchanged between the two nations.

At the end of fiscal year (FY) 2022-2023, the Canadian federal debt reached $1.17 trillion, up 2 percent or $33 billion from fiscal 2021-2022. The twenty-year period between FY 2002-2003 and FY 2022-2023 saw the federal debt increase 2.32 times.

At the end of fiscal year (FY) 2022-2023, the Canadian federal debt reached $1.17 trillion, up 2 percent or $33 billion from fiscal 2021-2022. The twenty-year period between FY 2002-2003 and FY 2022-2023 saw the federal debt increase 2.32 times.

In October 2024, the Canadian Consumer Price Index (CPI) rose by 2% year-over-year, up from 1.6% in September. The CPI is one of the most commonly used measures of inflation. Produced by Statistics Canada (StatCan), the CPI compares the price of a fixed basket of goods and services — about 700 or so — Canadians typically buy.

In fiscal 2022-2023, the Canadian government spent a total of $483.1 billion, down $20.5 billion, or 4.1 per cent, from 2021–22. Government expenses peaked in 2020-2021 reaching $644.2 billion mainly due to support for businesses and individuals impacted by the pandemic. From 2000-2001 to 2022-2023, spending has increased 2.76 times.

In fiscal 2022-2023, the federal government’s revenue increased to $447.8 billion from $413.3 billion in 2021-2022. That represents approximately an 8% jump. Revenue has grown steadily over the past 20 years with the total revenues in 2022-2023 reaching more than double the amount in 2002-2003.