What's the average yearly after-tax incomes in Canada?
How much does an average Canadian make after the income tax is deducted? See the summary table below for Canadian After-Tax Household Income. It appears that families with kids tend to have higher after-tax incomes, mostly likely attributed to additional benefits and tax credits available from children; eg, tax credit for dependants (lines 305 & 367), children fitness tax credit (line 365), adoption expenses (line 313), education credits transferred from children (line 324), combined medical expenses (lines 330, 331, 332), child care expenses (line 214), universal child care benefit (line 117), tax-deferred investment options (RESP contributions), etc.
Canadian After-Tax Household Income
|All Other Elderly Families||51,200||58,600||59,200||61,000||65,300||–||–|
|Two Parents + Kids||79,600||77,900||79,900||83,900||84,900||–||–|
|Three or more earners||99,800||97,700||101,100||104,800||106,400||–||–|
|Single Parent Family||36,600||41,400||42,100||42,700||43,700||–||–|
|Elderly male earner||32,900||41,400||39,900||44,000||42,100||–||–|
|Elderly female earner||33,000||32,800||33,800||34,600||34,300||–||–|
|Non-elderly male earner||34,300||36,100||36,100||37,300||38,400||–||–|
|Non-elderly female earner||30,500||30,000||30,600||32,300||32,300||–||–|
1. An economic family is a group of individuals sharing a common dwelling unit who are related by blood, marriage (including common-law relationships) or adoption.
2. Families in which the major income earner is 65 years of age and over.
3. Families in which the major income earner is less than 65 years of age.
4. With children less than 18 years of age.