In 2022, the median family after-tax income of Canadians was $60,800, up by 2.5% from 2021, before adjusting for inflation. Adjusted for an annual rate of inflation of 6.8%, the 2022 median family after-tax income was 4.0% lower than in 2021.
All provinces and territories reported a year-over-year decrease in their median inflation-adjusted family after-tax income in 2022. The largest decreases were seen in Nunavut (-8.4%), the Northwest Territories (-7.2%) and Nova Scotia (-5.6%).
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