Average Annual Household Income Canada

Average Annual Household Income CanadaThe other day I posted an article on Average Annual RRSP Contribution in Canada for Year 2007. The maximum RRSP contribution limit was $19,000 for year 2007; however, the national median contribution that year was only $2,780. Because of such a huge discrepancy, I decided to do a search on how much an average Canadian makes each year, and came to the following discoveries.

Top Six provinces/territories with highest median household incomes are NWT, Nunavut, Yukon, Ontario, Alberta, and BC. Unless you live in territories, your best bet to earn a high income is in ON, AB, and BC. Albertan seems to enjoy a fairly huge jump in their annual salary. I wonder why such is the case. Oil sand phenomenon?

Table below is for All Types of Households (lone seniors, unattached individuals, couple families with or without children, and lone-parent families). To read more on Annual Income for Middle Class Households,
click and comment.

Canadian Median Household Income – Overall

Overall refers to all types of households (all unattached individuals and all family types).

Year 2011 2006 2001 1996
Canada 53,634 52,438 49,142
Northwest Territories 80,085 71,475 72,448
Alberta 63,988 58,911 52,166
Ontario 60,455 60,164 55,172
Nunavut 60,221 50,971 48,896
Yukon Territory 60,105 58,215 60,993
British Columbia 52,709 52,490 51,530
Manitoba 47,875 46,741 44,025
Saskatchewan 46,705 45,129 43,213
Nova Scotia 46,605 44,764 42,785
Prince Edward Island 46,553 45,413 43,702
Quebec 46,419 45,371 42,714
New Brunswick 45,194 44,818 42,832
Newfoundland and Labrador 44,136 42,190 41,593

Average Annual Household Incomes: Before Tax | After Tax

Canadian Median Household Income – For Census Family Only

Below is the latest release from Statistics Canada, as of June 2011.

  • Census family includes couple families, with or without children, and lone-parent families.
  • This summary table exludes unattached individuals, lone seniors, as well as individuals who may live with their married children or with their children who have children of their own. They may be living with a family to whom they are related or unrelated. They may also be liv ing alone or with other persons not in census families.

It appears that Alberta and Saskatchewan tend to higher annual family incomes than other provinces. Are there more high earning CEO’s in those two provinces, driving the figures up??? Or, oil gas and potash phenomenon???

Year 2009 2008 2007 2006
Canada 68,410 68,860 66,550 63,600
Northwest Territories 98,300 98,530 94,220 88,800
Yukon Territory 84,640 85,070 81,080 76,000
Nunavut 60,160 58,590 56,160 54,300
Alberta 83,560 86,080 82,030 78,400
Saskatchewan 70,790 69,800 65,120 60,500
Ontario 69,790 70,910 69,190 66,600
British Columbia 66,700 67,890 65,780 62,600
Manitoba 65,550 64,530 62,070 58,700
Quebec 64,420 63,830 61,780 59,000
Nova Scotia 62,550 61,980 59,200 56,400
Prince Edward Island 62,110 61,010 58,610 56,100
New Brunswick 60,670 59,790 56,930 54,000
Newfoundland and Labrador 60,290 59,320 55,210 50,500

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2 Responses to Average Annual Household Income Canada

  1. Tim on 2010/07/22 at 7:36 pm

    You should double check your numbers because they MAY be flawed. If the max contribution is 19k and the average was 3k it does not necessarily mean that people are under-contributing. You need to take into consideration the Pension Adjustment number from box 52 of the T4 if someone is so lucky as to have pension plan.

  2. Mark on 2010/03/27 at 5:55 pm

    Is household income reported in ‘gross’ dollars??

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