How Does Your Salary Measure Up? Canadian Income Statistics Released

A new report on the average income in Canada was recently released, providing a comprehensive overview of the salaries and earnings of families and individuals in the country. The report, which was based on data from 2022, showed a 3% decrease in income from $57,600 to $55,700 per individual on average, due to the impact of COVID-19 restrictions on the Canadian economy.

However, the report also highlighted the quick recovery of the Canadian economy, as more people returned to work and more jobs were created. In March 2022 alone, Canada added 72,500 jobs, according to a study by Trading Economics.

The average household hourly rate in Canada was found to be $36.28, leading to an annual average household income of $75,452. The median income of Canada was also discussed in the report, showing differences among the provinces and territories. The fastest growing industries in Canada were listed, with arts, entertainment, and recreation having the highest average pay increase at 26.3%.

Overall, the report serves as a valuable resource for those who are moving to Canada or already living in the country. It provides a comprehensive overview of the current state of income and employment in the country, helping individuals make informed decisions about their careers and financial futures.

For more detailed information about the average income in Canada, please refer to the original report.

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This release was published on openPR.