In contrast, median market earnings throughout all Canadian households and unattached people was $68,700 in 2023, a 1.5% improve from 2022. Authorities transfers have been $10,000, down $500 year-over-year. Complete earnings median after-tax earnings of Canadian households and unattached people was $74,200 in 2023, rising 1.2% from 2022.
All figures are adjusted for inflation.
Older Canadians (aged 65+) additionally noticed a decrease poverty fee in 2023 at 5% (down from 6% in 2022) in comparison with 11.6% amongst these aged 18-64 (up from 11.1% in 2022) and for below 18s at 10.7% (comparatively unchanged from 2022).
Poverty charges have been additionally larger for racialized teams (14%) and Indigenous populations (17.5%) though individuals with a incapacity have been much less more likely to be in poverty than pre-pandemic though the speed continues to be larger than the final inhabitants at 12%.
In 2023, Alberta ($88,500) and Ontario ($78,600) recorded the very best median after-tax earnings for households and people among the many provinces, whereas Nova Scotia ($62,900) and New Brunswick ($62,700) had the bottom. Among the many territories, the Northwest Territories led with $102,100, adopted by Nunavut at $90,800 and Yukon at $84,500.
