Household, family and personal income

Description:

This study examines how the risk of job loss and the short-term earnings losses of laid-off workers evolved between the late 1970s and the mid-2000s.

Description:

Discussions of pension adequacy for elderly Canadians have used the rate at which income falls with age; the income replacement rate or the ratio of post-retirement income to pre-retirement income. Use of income streams to assess post-retirement welfare requires a standard against which adequacy of the replacement rates can be judged. Because some expenditures (for example, work-related expenses) can be expected to fall after retirement, a declining income stream does not necessarily signal financial problems for seniors. More importantly, income as normally measured captures only part of what is available to seniors if households possess assets, which in retirement are not being used to generate measured income.

This paper uses a different metric, referred to as "potential" income. Potential income is the sum of realized income and the income that could be realized from owned assets such as mutual funds and housing. Households prepare for retirement by saving and borrowing and investing the proceeds. The assets accumulated over a lifetime may or may not be drawn down in later years. If they are not, income streams underestimate the "potential" income available to support retirement. This paper takes this potential into account when comparing the pre- and post-retirement financial status of Canadian households.

Description: These data tables provide a provincial and territorial perspective on Canadian economic developments. They include statistical tables organized in a manner similar to those in the Income and Expenditure Accounts, for each of the provinces and territories. The focus is on gross domestic product, final domestic demand, personal disposable income and government sector accounts. The tables include data beginning in 1981, and is no longer being released.

Description:

This series provides detailed documentation on income developments, including survey design issues, data quality evaluation and exploratory research for the Survey of Labour and Income Dynamics in 2009.

Description:

This publication provides information on sources and levels of farm and off-farm income for farm families by province, type of farm (based on the North American Industry Classification System) and farm typology (based on age of operator, dependence on farm revenues and income level).

Distributional tables on income of farm families are also presented. This publication also includes data highlights and information on concepts, methods and data quality. A relevant article on the story emanating from the data is also featured.

Data from Canada Revenue Agency's income tax returns of farm families operating a single unincorporated farm provide the statistical basis for this publication.

Description:

This study examines the financial situation of individuals living in low-income families with at least one employed family member compared to low-income families with no employed family members and employed non-low-income families. It presents new findings from the Canadian Financial Capability Survey on the level of net worth, assets and debts, financial security and retirement preparation of these groups.

Description:

In this study, the income management strategies of Canadian couples are examined using data from the 2007 General Social Survey. The extent to which "older" couples, in which at least one spouse or partner is aged 45 or older, employ an allocative, pooled, or separate strategy is explored. Results show that the income management strategies used by these couples are correlated with relationship characteristics, such as common-law status, duration of relationship, and the presence of children. As well, the likelihood of using a separate approach is positively correlated with levels of educational attainment and with the amount of income received by wives or female partners.

Description:

Households provide money, goods and services directly to help other households: these inter-household transfers add up to a sizable flow of economic resources between households. While measured by Statistics Canada surveys, inter-household transfers are not included in the recipient household's total income-except court-ordered alimony and child support payments. Because inter-household transfers affect a household's ability to consume goods (Smeeding and Weinburg, 2001), they are important in measuring a household's economic well-being. This paper examines the conceptual and measurement issues related to voluntary inter-household transfers, and provides a portrait of voluntary inter-household transfer in Canada. This paper uses the recent data on inter-household transfers from Statistics Canada's income, expenditure, and wealth surveys.

Description: These data tables provide a provincial and territorial perspective on Canadian economic developments. They include statistical tables organized in a manner similar to those in the Income and Expenditure Accounts, for each of the provinces and territories. The focus is on gross domestic product, final domestic demand, personal disposable income and government sector accounts. The tables include data beginning in 1981, and is no longer being released.

Description:

This publication provides information on sources and levels of farm and off-farm income for farm families by province, type of farm (based on the North American Industry Classification System) and farm typology (based on age of operator, dependence on farm revenues and income level).

Distributional tables on income of farm families are also presented. This publication also includes data highlights and information on concepts, methods and data quality. A relevant article on the story emanating from the data is also featured.

Data from Canada Revenue Agency's income tax returns of farm families operating a single unincorporated farm provide the statistical basis for this publication.

Description:

This study examines how the risk of job loss and the short-term earnings losses of laid-off workers evolved between the late 1970s and the mid-2000s.

Description:

Discussions of pension adequacy for elderly Canadians have used the rate at which income falls with age; the income replacement rate or the ratio of post-retirement income to pre-retirement income. Use of income streams to assess post-retirement welfare requires a standard against which adequacy of the replacement rates can be judged. Because some expenditures (for example, work-related expenses) can be expected to fall after retirement, a declining income stream does not necessarily signal financial problems for seniors. More importantly, income as normally measured captures only part of what is available to seniors if households possess assets, which in retirement are not being used to generate measured income.

This paper uses a different metric, referred to as "potential" income. Potential income is the sum of realized income and the income that could be realized from owned assets such as mutual funds and housing. Households prepare for retirement by saving and borrowing and investing the proceeds. The assets accumulated over a lifetime may or may not be drawn down in later years. If they are not, income streams underestimate the "potential" income available to support retirement. This paper takes this potential into account when comparing the pre- and post-retirement financial status of Canadian households.

Description:

This study examines the financial situation of individuals living in low-income families with at least one employed family member compared to low-income families with no employed family members and employed non-low-income families. It presents new findings from the Canadian Financial Capability Survey on the level of net worth, assets and debts, financial security and retirement preparation of these groups.

Description:

In this study, the income management strategies of Canadian couples are examined using data from the 2007 General Social Survey. The extent to which "older" couples, in which at least one spouse or partner is aged 45 or older, employ an allocative, pooled, or separate strategy is explored. Results show that the income management strategies used by these couples are correlated with relationship characteristics, such as common-law status, duration of relationship, and the presence of children. As well, the likelihood of using a separate approach is positively correlated with levels of educational attainment and with the amount of income received by wives or female partners.

Description:

Households provide money, goods and services directly to help other households: these inter-household transfers add up to a sizable flow of economic resources between households. While measured by Statistics Canada surveys, inter-household transfers are not included in the recipient household's total income-except court-ordered alimony and child support payments. Because inter-household transfers affect a household's ability to consume goods (Smeeding and Weinburg, 2001), they are important in measuring a household's economic well-being. This paper examines the conceptual and measurement issues related to voluntary inter-household transfers, and provides a portrait of voluntary inter-household transfer in Canada. This paper uses the recent data on inter-household transfers from Statistics Canada's income, expenditure, and wealth surveys.

Description:

This series provides detailed documentation on income developments, including survey design issues, data quality evaluation and exploratory research for the Survey of Labour and Income Dynamics in 2009.