| #CanadaFacts
Economy
Understand how various levels of government across Canada generate revenue and where the money goes. Explore economic levers, including taxes, trade, inflation, immigration, and employment trends, and how they impact Canadians. Dive into our Canada Facts series, where fascinating insights meet reliable data, delivering everything you need to stay informed and captivated about Canada!
What does it take to join Canada’s top 1% of income earners?
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.
What is the median household income in Canada?
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.
What is the median income in Canada?
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.