In Canada, the average annual salary for skilled workers is between $54,600 to $105,000. Depending upon their key skills, job type, and experiences it varies. Average yearly income decides whether the person comes under the Middle-Class Salary in Canada. Compared to last year, most Canadians are earning more this year, which is almost $1,211 per week. There is a hike of about 4% in their salary. With the help of the average income of the citizens living in Canada, we can get an insight into how much a middle-class person is earning and about their financial situation. In this article, we discussed the Average Middle-Class Income in Canada in 2024, the province-wise Average Income, high-paying jobs in Canada, and more.
Average Middle-Class Income Canada 2024
Many people move to Canada for better career chances and an improved standard of living which leads to a stable life. The Canadian economy is one of the major economies in the world. If you are planning to habituate in Canada, it’s important to get an idea of the average income that you can make. A full-time worker can earn around CAD 63,013 per year on average and CAD 1,211 per week. The Average Middle-Class Income in Canada varies from $53,359 to $106,717. Which is more than they earned last year. Canada offers a lot of career opportunities for individuals in many fields with attractive pay scales. It’s better to have good financial planning and budgeting in advance so that you can manage everything effectively.
As per the reports by the Labour Force Survey (LFS), the average hourly wages have been increased to $34.94 which is an increase of about 5.1%. Also, there are different income classes in Canada. Based on their Annual Income in Canada they are categorized in that particular class. Let’s take a look at that:
- Lower Class: Those individuals come under this class who have an income less than $53,359.
- Middle Class: Individuals having income between $53,359 to $106,717 are considered middle class.
- Upper Middle Class: Individuals having income between $106,717 – $235,675.
- Upper Class: Those Individuals who have an income of more than $235,675 come under the Upper Class.
The income amount mentioned above is before tax. After-tax, the income amount may vary. Different income categories have different tax rates.
Canadians Average Middle-Class Income- Overview
| Name of the Article | Average Middle-Class Income Canada 2024 |
| Country Name | Canada |
| Category | Financial Aid |
| National Average Pay | CAD 57,600 |
| Highest Income province-wise | Saskatchewan and Nunavut |
Province Wise Average Income
With the help of the table below you can get to know about the Province Wise Average Income yearly 2023 and minimum wage rate on an hourly basis. Among all these provinces, Saskatchewan has the highest average income for individuals of CAD 88,424 and Northwest Territories has the highest average middle-class Income of CAD 127,000. Through this, you can get an idea of the Average Income in Canada that a middle-class household or individuals can expect. Every province has a different average income. It happens mainly because of the high cost of living or location also plays a vital role in that.
| Province | Minimum Wage Rate on an hourly basis | Average Income for Individuals in 2023 | Average Middle-Class Income (Household) 2023 |
| Yukon | CAD 16.77 | CAD 62,500 | CAD 86,300 |
| Saskatchewan | CAD 14.25 | CAD 88,424 | CAD 67,700 |
| Alberta | CAD 15 | CAD 74,237 | CAD 77,700 |
| Manitoba | CAD 15.25 | CAD 58,500 | CAD 63,000 |
| British Columbia | CAD 16.50 | CAD 66,232 | CAD 67,500 |
| Quebec | CAD 15.25 | CAD 57,506 | CAD 59,700 |
| Prince Edward Island | CAD 15.00 | CAD 46,160 | CAD 59,400 |
| Nunavut | CAD 16.00 | CAD 74,900 | CAD 118,000 |
| Ontario | CAD 16.50 | CAD 63,369 | CAD 70,100 |
| Northwest Territories | CAD 16.00 | CAD 77,900 | CAD 127,000 |
| New Brunswick | CAD 14.50 | CAD 57,336 | CAD 56,900 |
| Newfoundland and Labrador | CAD 15.00 | CAD 52,562 | CAD 59,300 |
| Nova Scotia | CAD 15.00 | CAD 56,550 | CAD 57,500 |
Highest Paying Jobs in Canada 2024
Energy and natural resources, finance & insurance, Scientific and technical services sectors offer the highest-paying jobs in Canada. Based on that the person can get a job in these sectors. Employees are likely to get an annual increase of about 9%. The increment Depends on their contribution to the organization and on their performance. Below stated are some of the Highest Paying Jobs in Canada for 2024:
| Sectors Name | Annual pay |
| Mining, oil and gas extraction | CAD 113,506 |
| Utilities | CAD 101,531.04 |
| Finance and Insurance | CAD 76,483 |
| Professional, Scientific, and Technical Services | CAD 76,077.56 |
| Public Administration | CAD 75,799.88 |
| Information and Cultural Industries | CAD 81,068 |
| Management of companies and enterprises | CAD 80,149 |
Rapidly Growing Industries in Canada 2024
We have already discussed the highest-paying jobs in Canada. The Rapidly Growing Industries in Canada 2024 would lead to more opportunities and raises. After knowing the most growing sector in 2024, job seekers can search for career growth in these respective sectors as these are booming in Canada. Some of them are listed below:
- Arts, Entertainment and Recreation
- Real Estate
- Administrative and Support
- Finance and Insurance
- Public Administration
- Health Care and Social Assistance
- Retail
- Agriculture and forestry
- Transportation and warehousing
- Professional, scientific, and technical services
Frequently Asked Questions-
Skilled workers in Canada’s average annual salary lies between $54,600 to $105,000.
Northwest Territories in Canada has the highest average income for households.
Mining, oil and gas extraction, Utilities, Professional, Scientific and Technical Services, Finance and Insurance, and Management of companies and enterprises are some of the highest-paying jobs in Canada.
She is a final-year student studying Finance and Business Administration at Simon Fraser University. Writing and conducting internet research on finance are her passions.