The Canadian Income Survey, 2024, published by Statistics Canada, notes that the median after-tax income of Canadian families and unattached individuals was $75,500 in 2024, unchanged from 2023 after adjusting for inflation.
Broken down, the median after-tax income among families was $108,900, up 1.8 per cent from the previous year, and $41,000 for unattached individuals – a figure which remains unchanged when compared with 2023.
At the Canada level, market income (median $69,800) and government transfers ($10,300) were the two main sources of income for families and unattached individuals, also in line with 2023 figures.
Senior families, that is those families where the highest income earner is over 65 years of age, had a median after-tax income of $83,200 while non-senior families earned $118,400, an increase of 2.3 per cent for each group. Unattached individual seniors also saw their income increase 3.5 per cent in 2024 to $38,600. “The median for unattached non-seniors was unchanged at $42,700,” the report states.
Across the country, Northwest Territories and Nunavut after-tax incomes were $116,100 and $109,600, respectively. Yukon families’ after-tax income came in at $89,300. “Provincially, those in Alberta ($85,300) and Ontario ($79,500) continued to have the highest median after-tax income, while those in the Atlantic provinces had the lowest.” Quebec families and individuals had a median after-tax income of $68,800. Nova Scotia had the lowest at $64,200.
“These income differences between provinces and territories are not adjusted to consider regional factors, such as the cost of living or the age structure of the population,” they write.
The report also looks in depth at poverty rates, low-income measures and at food insecurity. “In 2024, 11 per cent of Canadians, or approximately 4.5 million people, lived below the poverty line,” they state. “People with disabilities were more likely to be living in poverty compared with people without disabilities.”
