Households where the major income earner was from 35 to 44 years old had the highest amount of net savings in 2023. That segment saved on average nearly 22,500 Canadian dollars that year alone. Households of individuals older than 64 had negative net savings amounting to 13,760 Canadian dollars, which means that their expenses were higher than their revenue. These figures do not show the overall value of savings accumulated in bank accounts and other assets, but the amount of money that households managed to save in a single year.

Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.

All household types in Canada received a higher income after-tax in 2021 than they received in 2019, except for elderly people not in an economic family. This increase was partially due to the higher level of government transfers in 2020.

Wealth and its subcomponent distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, annual 2010 to 2019 and quarterly starting 2020.

This statistic shows the total median income of senior citizens in Canada from 2000 to 2020, distinguished by age group. In 2020, the total median income of Canadian senior citizens aged 65 years and over amounted to 32,020 Canadian dollars.

This table contains 58320 series, with data for years 1999 - 2016 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (20 items: Canada; Atlantic; Newfoundland and Labrador; Prince Edward Island; ...); Assets and debts (27 items: Total assets; Private pension assets; Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Locked-in Retirement Accounts (LIRAs) and other; Employer-sponsored Registered Pension Plans (EPPs); ...); Net worth quintiles (6 items: Total, all net worth quintiles; Lowest net worth quintile; Second net worth quintile; Middle net worth quintile; ...); Statistics (6 items: Total values; Percentage of total assets or total debts; Number holding asset or debt; Percentage holding asset or debt; ...); Confidence intervals (3 items: Estimate; Lower bound of a 95% confidence interval; Upper bound of a 95% confidence interval).

This statistic shows the median total income of senior couple families, aged 55 years and over, in Canada from 2000 to 2020, distinguished by age group. In 2020, the median income of senior couple families aged 65 years and over was 76,510 Canadian dollars.

This statistic depicts the median annual family income in Canada from 2000 to 2020. In 2020, the median annual family income in Canada was 96,220 Canadian dollars.

Families of tax filers; Distribution of total income by census family type and age of older partner, parent or individual (final T1 Family File; T1FF).

The average value of net savings per household in Canada increased by 332 dollars (+6.63 percent) since the previous year. In total, the average value amounted to 5,342 dollars in 2023. This increase was preceded by a declining average value.

In 2021, Canadians who were neither part of a visible minority nor the Indigenous population had an average total income at least 7,600 Canadian dollars higher than these population categories. The visible minorities with the highest average total income that year were people of Chinese, Latin American and Arab origin. Conversely, those with the lowest incomes were other visible minorities and the Native population.

Average and median market, total and after-tax income of individuals by visible minority group, Indigenous group and immigration status, Canada and provinces.

Footnotes:1Gender refers to an individual's personal and social identity as a man, woman or non-binary person (a person who is not exclusively a man or a woman). Gender includes the following concepts: gender identity, which refers to the gender that a person feels internally and individually; gender expression, which refers to the way a person presents their gender, regardless of their gender identity, through body language, aesthetic choices or accessories (e.g., clothes, hairstyle and makeup), which may have traditionally been associated with a specific gender. A person's gender may differ from their sex at birth, and from what is indicated on their current identification or legal documents such as their birth certificate, passport or driver's licence. A person's gender may change over time. Some people may not identify with a specific gender.2Given that the non-binary population is small, data aggregation to a two-category gender variable is sometimes necessary to protect the confidentiality of responses provided. In these cases, individuals in the category “non-binary persons” are distributed into the other two gender categories and are denoted by the “+” symbol.3Age' refers to the age of a person (or subject) of interest at last birthday (or relative to a specified, well-defined reference date).4The median income of a specified group is the amount that divides the income distribution of that group into two halves, i.e., the incomes of half of the units in that group are below the median, while those of the other half are above the median. Median incomes of individuals are calculated for those with income (positive or negative).5Average income of a specified group is calculated by dividing the aggregate income of that group by the number of units in that group. Average incomes are calculated for those with income (positive or negative).6Total income refers to the sum of certain incomes (in cash and, in some circumstances, in kind) of the statistical unit during a specified reference period. The components used to calculate total income vary between: – Statistical units of social statistical programs such as persons, private households, census families and economic families; – Statistical units of business statistical programs such as enterprises, companies, establishments and locations; and – Statistical units of farm statistical programs such as farm operator and farm family. In the context of persons, total income refers to receipts from certain sources, before income taxes and deductions, during a specified reference period. In the context of census families, total income refers to receipts from certain sources of all of its family members, before income taxes and deductions, during a specified reference period. In the context of economic families, total income refers to receipts from certain sources of all of its family members, before income taxes and deductions, during a specified reference period. In the context of households, total income refers to receipts from certain sources of all household members, before income taxes and deductions, during a specified reference period. The monetary receipts included are those that tend to be of a regular and recurring nature. Receipts that are included as income are: * employment income from wages, salaries, tips, commissions and net income from self-employment (for both unincorporated farm and non-farm activities); * income from investment sources, such as dividends and interest on bonds, accounts, guaranteed investment certificates (GICs) and mutual funds; * income from employer and personal pension sources, such as private pensions and payments from annuities and registered retirement income funds (RRIFs); * other regular cash income, such as child support payments received, spousal support payments (alimony) received and scholarships; * income from government sources, such as social assistance, child benefits, Employment Insurance benefits, Old Age Security benefits, COVID-19 benefits and Canada Pension Plan and Québec Pension Plan benefits and disability income. Receipts excluded from this income definition are: * one-time receipts, such as lottery winnings, gambling winnings, cash inheritances, lump-sum insurance settlements and tax-free savings account (TFSA) or registered retirement savings plan (RRSP) withdrawals; * capital gains because they are not by their nature regular and recurring. It is further assumed that they are more relevant to the concept of wealth than the concept of income; * employers' contributions to registered pension plans, Canada Pension Plan, Québec Pension Plan and Employment Insurance; * voluntary inter-household transfers, imputed rent, goods and services produced for barter and goods produced for own consumption.7The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.8The sum of employment income (wages, salaries and commissions, net self-employment income from farm or non-farm unincorporated business and/or professional practice), investment income, private retirement income (retirement pensions, superannuation and annuities, including those from registered retirement savings plans [RRSPs] and registered retirement income funds [RRIFs]) and other money income from market sources during the reference period. It is equivalent to total income minus government transfers. It is also referred to as income before transfers and taxes.9The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.10All income received as wages, salaries and commissions from paid employment and net self-employment income from farm or non-farm unincorporated business and/or professional practice during the reference period.11The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.12Gross wages and salaries before deductions for such items as income taxes, pension plan contributions and employment insurance premiums during the reference period. While other employee remuneration such as security options benefits, board and lodging and other taxable allowances and benefits are included in this source, employer's contributions to pension plans and employment insurance plans are excluded. Other receipts included in this source are military pay and allowances, tips, commissions and cash bonuses associated with paid employment, benefits from wage-loss replacement plans or income-maintenance insurance plans, supplementary unemployment benefits from an employer or union, research grants, royalties from a work or invention with no associated expenses and all types of casual earnings during the reference period.13The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.14Net income (gross receipts minus cost of operation and capital cost allowance) received during the reference period from self-employment activities, either on own account or in partnership. In the case of partnerships, only the person's share of income is included. Net partnership income of a limited or non-active partner is excluded. It includes farming income, fishing income and income from unincorporated business or professional practice. Commission income for a self-employed commission salesperson and royalties from a work or invention with expenses associated are also included in this source.15The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.16All cash benefits received from federal, provincial, territorial or municipal governments during the reference period. It includes: * Old Age Security pension, Guaranteed Income Supplement, Allowance or Allowance for the Survivor; * retirement, disability and survivor benefits from Canada Pension Plan and Québec Pension Plan; * benefits from Employment Insurance and Québec parental insurance plan; * child benefits from federal and provincial programs; * social assistance benefits; * workers' compensation benefits; * Canada workers benefit (CWB); * Goods and services tax credit and harmonized sales tax credit; * other income from government sources. For the 2021 Census, this includes various benefits from new and existing federal, provincial and territorial government income programs intended to provide financial support to individuals affected by the COVID-19 pandemic and the public health measures implemented to minimize the spread of the virus.17The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars.18Refers to the sum of payments received from COVID-19 - Emergency and recovery benefits and Employment Insurance (EI) benefits.19The reference period for this variable is calendar year 2019. The variable is intended for comparison with its 2020 equivalent and other 2019 income variables. Income for 2019 is presented in 2020 constant dollars. In 2019, earning replacement benefits is equal to Employment Insurance (EI) benefits.20All Employment Insurance (EI) benefits received during the reference period, before income tax deductions. It includes benefits for unemployment, sickness, maternity, paternity, adoption, compassionate care, work sharing, retraining, and benefits to self-employed fishers

The saving rate of Canadian households increased considerably during the start of the COVID-19 pandemic in 2020. As of the second quarter of 2020, the saving rate of households in Canada peaked at 26.5 percent. By the fourth quarter of 2024, Canadian households saved on average 6.1 percent of their disposable income.

This table contains 186 series (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Income quintile (6 items: All quintiles; Lowest income quintile; Second income quintile; Third income quintile; ...); Socio-demographic characteristics (31 items: All households; One-person households; Single less than 65 years; Single 65 years and older; ...).

The median income indicates the income bracket separating the income earners into two halves of equal size.

Graph and download economic data for Real Disposable Personal Income: Per Capita (A229RX0) from Jan 1959 to Jan 2025 about disposable, personal income, per capita, personal, income, real, and USA.

This table presents income shares, thresholds, tax shares, and total counts of individual Canadian tax filers, with a focus on high income individuals (95% income threshold, 99% threshold, etc.). Income thresholds are geography-specific; for example, the number of Nova Scotians in the top 1% will be calculated as the number of taxfiling Nova Scotians whose total income exceeded the 99% income threshold of Nova Scotian tax filers. Different definitions of income are available in the table namely market, total, and after-tax income, both with and without capital gains.

In 2022, 22.6 percent of the Canadian population had an annual income of 100,000 Canadian dollars or more. Moreover, some 19 percent had an annual income between 60,000 and 79,999 Canadian dollars, representing the second largest group.

Characteristics and median employment income of postsecondary graduates five years after graduation, by educational qualification (Classification of programs and credentials - professional degree variant), field of study (Classification of Instructional Programs (CIP) Canada 2016 - STEM (science, technology, engineering and mathematics and computer sciences) and BHASE (business, humanities, health, arts, social science and education) groupings), gender, age group and status of student in Canada (cross-sectional analysis).