Average Salary in Canada 2024 | Wages by Industry and Province (2024)

FAQs

What is the average salary in Canada in 2024? ›

What is the average salary in Canada? The average salary for a full-time worker in Canada is $63,013 per year or $1,211 per week. This marks a 4% increase in salary growth than the previous year.

As per the Statistics Canada data, the average per-hour salary in Canada for September 2023 for all employees across all industries was $34.01. The average hourly wage rate for full-time employees was $36.03, whereas for part-time employees, it was $24.10 across all industries.

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $70,000 a year in Toronto makes 12.8% more than the average working person in Toronto and will take home about $52,743.

By many metrics, $100,000 a year is still a lot of money. It's more than what roughly 90 per cent of Canadians declared as their annual incomes in 2020, according to the latest available data from Statistics Canada.

The average salary in Ottawa is $64,500, which is 18.5% higher than the Canadian average salary of $54,450. A person making $80,000 a year in Ottawa makes 24% more than the average working person in Ottawa and will take home about $59,628.

Average wages by Province in Canada

Alberta is one of the most job-rich (and oil-rich) provinces in Canada. The median income there is $61,000: the highest in the country. Ontario, Canada's most populous province, has an average salary of $55,000: the second highest income in Canada. British Columbia .

Find out what the average Good salary is

How much does a Good make in Canada? The average good salary in Canada is $45,810 per year or $23.49 per hour. Entry-level positions start at $35,100 per year, while most experienced workers make up to $91,447 per year.

While your skills and interests are important, for many people, money is also a factor when choosing a career. The highest-paying jobs in Canada include roles like Surgeons, Physicians, Pathologists, and Dentists.

What is the top 5 salary in Canada? ›

To be in the top 5%, Canadians needed to have a total income of slightly above $102,300 and to be in the top 1% required just over $191,100, nearly seven times the national median income.

Top 10% The top 10% percent of income earners are those who are considered to be upper middle class as well. The threshold amount for the top 10% is $125,945. This amount is only slightly higher than the top threshold for middle-class income, which is $106,717.

Any salary above $54,450 per year (or $27.92 per hour, gross income) could be considered a good salary in Canada.

The average salary in Canada is determined by many factors, as mentioned earlier. As of May 2023, the average hourly wage across the country was $33.25. This means the average person working in Canada makes a little over $30 per hour, regardless of their industry.

$50 CAD per hour is somewhere in the neighborhood of $100,000 CAD per year, which is well above average for all households, and even above average for non-seniors.

What is the highest-paying job within the USA in 2024? Being a Chief Executive Officer is the highest-paying- job in America. This position earns an average annual salary of USD 329,500, but their earnings can go as low as USD 276,500 and as high as USD 396,000.

Is a monthly income of 3,000 Canadian dollars enough to live comfortably in Canada? Assuming the $3,000 is post-tax, i.e. it's what your actual budget is, it all depends on your housing situation. If you're having to spend $2,000+ per month on rent, you'll have very little wiggle room.

The average good salary in Canada is $45,000 per year or $23.08 per hour. Entry-level positions start at $34,734 per year, while most experienced workers make up to $91,447 per year.