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.

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.

Quarterly current and capital accounts for the household sector, including property income, disposable income, net saving and net lending, Canada.

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.

Household contributions to registered savings accounts by selected household characteristics.

The value of net savings per capita in Canada increased by 200 dollars (+6.58 percent) since the previous year. In total, the value per capita amounted to 3,238 dollars in 2023. This increase was preceded by a declining value per capita.

Canada CA: Adjusted Savings: Net National Savings data was reported at 130.075 USD bn in 2021. This records an increase from the previous number of 18.726 USD bn for 2020. Canada CA: Adjusted Savings: Net National Savings data is updated yearly, averaging 24.676 USD bn from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 139.161 USD bn in 2007 and a record low of -8.201 USD bn in 1992. Canada CA: Adjusted Savings: Net National Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;;

Canada CA: Savings Rate data was reported at 0.050 % pa in 2017. This stayed constant from the previous number of 0.050 % pa for 2016. Canada CA: Savings Rate data is updated yearly, averaging 2.271 % pa from Dec 1967 (Median) to 2017, with 51 observations. The data reached an all-time high of 15.417 % pa in 1981 and a record low of 0.030 % pa in 2015. Canada CA: Savings Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Adjusted savings: net national savings (current US$) in Canada was reported at 130074511723 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Adjusted savings: net national savings - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

This dataset provides information on 1,493 in Canada as of March, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

During the year 2020, household average net savings in Canada peaked in the second quarter for each income group. Compared to the other groups, households ranked in the highest income quintile displayed considerably higher average net savings during the coronavirus (COVID-19) pandemic. As of the second quarter of 2020, households belonging to this income group reported on average net savings for 17,633 Canadian dollars.

Canada Revenue Agency (CRA): The Tax-Free Savings Account (TFSA) statistics tables present data based on all of the individual records and summary returns sent by financial institutions (issuers) to the CRA for the 2022 tax year and processed up to January 15, 2024.

Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (1 item: All households);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

Canada CA: GDP: USD: Gross Savings data was reported at 469.728 USD bn in 2023. This records a decrease from the previous number of 520.372 USD bn for 2022. Canada CA: GDP: USD: Gross Savings data is updated yearly, averaging 105.862 USD bn from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 520.372 USD bn in 2022 and a record low of 8.378 USD bn in 1961. Canada CA: GDP: USD: Gross Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Nominal. Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;;

Individuals with a Registered Retirement Savings Plan (RRSP); Tax filers with RRSP contributions by sex, age and income groups (preliminary T1 Family File; T1FF).

Saving by parents and guardians for the postsecondary education of their children aged 17 and under, by parental characteristics. These parental characteristics include their age, the household income, their educational hope for the child, and their highest level of education. Statistics presented include the percentage of children with postsecondary education savings, the percentage of children with savings who have a Registered Education Savings Plan (RESP), and the average dollar value of the RESP.

Graph and download economic data for People 15 Years and Over Saving at a Financial Institution in the Past Year for Canada (DDAI06CAA156NWDB) from 2011 to 2021 about adult, finance companies, savings, companies, finance, Canada, and financial.

Adjusted savings: particulate emission damage (% of GNI) in Canada was reported at 0.03079 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Adjusted savings: particulate emission damage (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Household income, consumption and saving and their subcomponents, distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, provinces and territories, 2020 quarter one to current quarter.

Adjusted savings: education expenditure (current US$) in Canada was reported at 88424162323 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Adjusted savings: education expenditure - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.