OTTAWA—The latest batch of numbers from the 2016 census suggests Canadians are a little more flush with cash than they were in 2005, but a lot depends on where they live.
Statistics Canada reports the median total income of Canadian households reached $70,336 in 2015, a 10.8 per cent increase from $63,457 in 2005.
That spike was largely driven by the commodity price boom of the last decade: Nunavut and Saskatchewan saw increases of more than 36 per cent, while Newfoundland and Labrador, Alberta, the Northwest Territories and Manitoba also grew by more than 20 per cent.
Here are some highlights from the report:
• The median total income of Canadian households reached $70,336 in 2015, a 10.8 per cent increase from $63,457 in 2005.
• Nearly 1.2 million children under 18, about 17 per cent of Canada’s 6.8 million kids, lived in a low-income household, comprising roughly one quarter of the 4.8 million people living under low-income conditions in 2015.
• Of those children in low-income households, 11.2 per cent lived with two parents, while 38.9 per cent lived with one; for those living with their mother, the low-income rate was 42 per cent, but 25.5 per cent for those living with their father.
• Despite the second-lowest median income level in Canada, Quebec (14.3 per cent) was second only to Alberta (12.8 per cent) in having the lowest percentage of children in low-income households, thanks to lower child care costs and richer child benefits than elsewhere.
• Nova Scotia and New Brunswick reported the highest percentage of children in low-income households at 22.2 per cent; Alberta had the lowest at 12.8 per cent.
• Of Canada’s 14 million households, 65.2 per cent contributed to one of either a registered pension plan, a registered retirement savings plan or a tax-free savings account. About 30 per cent contributed to more than one, and 9.3 per cent to all three.
• Nearly 96 per cent of Canada’s 8.2 million married or common-law couples saw both spouses report income in 2015, significantly more than about two-thirds of couples in the mid-1970s. Of those, 32 per cent were earning roughly the same income, compared to 20.6 per cent in 1985.
• Same-sex couples continue to report a higher median income—men at $100,707, women at $92,857 _ than opposite-sex couples at $87,605. More than 12 per cent of male couples reported incomes of more than $200,000, compared with 7.5 per cent of female couples and 8.4 per cent for opposite-sex couples.
• Fuelled by strong commodity prices, Nunavut and Saskatchewan saw median income grow 36.7 per cent and 36.5 per cent, respectively, between 2005 and 2015. Newfoundland and Labrador, the Northwest Territories, Alberta and Manitoba also grew by more than 20 per cent.
• A struggling manufacturing sector held median income growth in Ontario and Quebec to just 3.8 per cent and 8.9 per cent, respectively.
• The Northwest Territories had the highest median income in Canada at $117,688, followed by Nunavut at $97,441 and Alberta at $93,835. New Brunswick had the lowest at $59,347, followed by Quebec at $59,822 and Nova Scotia at $60,764.