Household, family and personal income

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Key indicators

Selected geographical area: Canada

Average total income for top 1% tax filers - Canada
(2021)

$579,100

9.4%

(annual change)
Median after-tax income, economic families and persons not in an economic family - Canada
(2021)

$68,400

0.9%

(annual change)

More household, family and personal income indicators

Selected geographical area: Canada

Median household after-tax income - Canada
(2020)

$73,000
Percent change in median household after-tax income - Canada
(2015 to 2020)

9.8%
Gini index, adjusted household after-tax income - Canada
(2020)

0.302
Change in the Gini index of household after-tax income - Canada
(2015 to 2020)

-0.040
Prevalence of low income - Canada
(2020)

11.1%
Percentage point change in prevalence of low income - Canada
(2015 to 2020)

-3.3
Median net worth of Canadian families - Canada
(2019)

$329,900
Median total income of households in 2015 - Canada
(2016 Census of Population)

$70,336
Proportion of population in low income in 2015 - Canada
(2016 Census of Population)

14.2%
Proportion of persons younger than 18 in low income in 2015 - Canada
(2016 Census of Population)

17.0%
Proportion of couples with fairly equal total income in 2015 - Canada
(2016 Census of Population)

32.0%
Proportion of households contributing to TFSA, RRP or RRSP in 2015 - Canada
(2016 Census of Population)

65.2%

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Results

All (2)

All (2) ((2 results))

1. Examining the incomes of veterans using tax data: Now and in the future
Articles and reports: 75F0002M2019008
Description:
The primary objective of this study is to describe the general income trends pre- and post-release for veterans released from the regular forces since 1998. It also provides some directions for future work. This study is part of the Life After Service Studies (LASS) research program. LASS is a partnership between Veterans Affairs Canada, the Department of National Defence and Statistics Canada. For this income study, information on veterans was linked to the T1 Family File (income data on tax filers and their family) produced by Statistics Canada.

Release date: 2019-08-28
2. Applying generational accounting to Canada: Findings and fallacies Archived
Table: 68-513-X19970013563
Description:
Generational Accounting (GA) is a method of long-term public policy evaluation that attempts to measure what representative members of each current and future generation can expect to pay over their remaining lifetimes in net taxes. In this chapter we highlight the issues that arise from using GA to assess Canada's fiscal policy in terms of sustainability and overall impact on different age groups.
Release date: 1998-02-04

Data (1)

Data (1) ((1 result))

1. Applying generational accounting to Canada: Findings and fallacies Archived
Table: 68-513-X19970013563
Description:
Generational Accounting (GA) is a method of long-term public policy evaluation that attempts to measure what representative members of each current and future generation can expect to pay over their remaining lifetimes in net taxes. In this chapter we highlight the issues that arise from using GA to assess Canada's fiscal policy in terms of sustainability and overall impact on different age groups.
Release date: 1998-02-04

Analysis (1)

Analysis (1) ((1 result))

1. Examining the incomes of veterans using tax data: Now and in the future
Articles and reports: 75F0002M2019008
Description:
The primary objective of this study is to describe the general income trends pre- and post-release for veterans released from the regular forces since 1998. It also provides some directions for future work. This study is part of the Life After Service Studies (LASS) research program. LASS is a partnership between Veterans Affairs Canada, the Department of National Defence and Statistics Canada. For this income study, information on veterans was linked to the T1 Family File (income data on tax filers and their family) produced by Statistics Canada.

Release date: 2019-08-28

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Reference (0) (0 results)

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Date modified:: 2024-04-19