Average Weekly Income in Canada:
Canada has one of the highest average incomes in the world. Nevertheless, the average Salary differs among Canadian employees. In Canada, the weekly wage is around $1,228 or $60,000.
Employers need to know the average income in Canada for several reasons. It helps determine the best pay and ensures employees get a living wage. Paying employees less than the market can lead to low employee morale, high employee turnover, and dissatisfaction. On this Page, We are given all details about Expected Weekly Wage in Canada and Possible Increase.
What is the Average Income?
The average Salary for full-time workers in Canada as of September 2023 is $1,215.02 per week or $63,181.04 annually. Analysis of pay trends by province shows that wages are typically on the rise, with people throughout the country earning more than a year ago.
Every province and territory in Canada has seen an increase in the average Salary in 2023, while actual incomes may differ considerably. The annual average wage in British Columbia, Alberta, and Ontario is still higher than in the three Maritime provinces.
According to a recent government analysis, in 2023, there would be a 4.2% increase in the average national pay. In addition, the average Salary in Canada varies based on an individual’s level of experience and training.
The average Salary in each of the corresponding Canadian provinces and territories is shown in the following table:
| Province & Territory | Average Salary (per year) |
| Nunavut | $85,222 |
| Northwest Territories | $84,182 |
| Alberta | $67,153 |
| Yukon | $72,794 |
| Ontario | $52,083 |
| Newfoundland and Labrador | $63,936 |
| Saskatchewan | $60,886 |
| British Columbia | $63,980 |
| Quebec | $60,689 |
| Manitoba | $58,010 |
| New Brunswick | $58,080 |
| Nova Scotia | $56,374 |
| Prince Edward Island | $54,969 |
The average incomes across many Canadian employment sectors are displayed in the following table:
| Agriculture | $45,695 |
| Forestry, fishing, mining, quarrying, oil and gas | $91,197 |
| Utilities | $95,064 |
| Construction | $68,225 |
| Manufacturing | $63,742 |
| Wholesale and retail trade | $49,908 |
| Transportation and warehousing | $61,760 |
| Finance, insurance, real estate, rental and leasing | $78,749 |
| Professional, scientific, and technical services | $85,117 |
| Business, building, and other support services | $49,889 |
| Educational services | $74,478 |
| Health care and social assistance | $61,548 |
| Information, culture, and recreation | $60,105 |
| Accommodation and food services | $37,864 |
| Other services (except public administration) | $55,468 |
| Public administration | $81,981 |
Canada’s top-paying employment sectors include scientific and technical services, banking and insurance, and energy and natural resources.
- $117,215 is spent on mining, quarrying, and oil and gas extraction.
- Energy – $103,750
- Expert, technical, and scientific services – $84,921
- Cultural and information industries: $81,068
- $80,645 for financing and insurance
- $80,149 – Management of businesses and enterprises
- $78,104 in public administration
How to Increase?
As experience increases, so does the potential for financial gain. For individuals with two to five years of experience, a 32% salary increase is anticipated. Five to 10 years of experience may result in a 36% salary boost, while ten to fifteen years of experience may see a 21% increase. For those with 15 to 20 years of experience, there is a 14% increase in Salary, and for those with over 20 years of experience, there is a 9% increase.
Education has a tremendous impact on salary rates. Those who have completed high school and a certificate or diploma degree are expected to receive a wage increase of 17%. A bachelor’s degree can make you spend 24 percent more, while a master’s degree can make you pay 29 percent more. PhD holders might enjoy a 23% increase in wages.
It’s no secret that specific sectors in Canada pay more than others. Energy and natural resources, banking and insurance, and technical services are some sectors paying some of the highest wages in the country.
The Minimum Wage in Canada increased on January 1 from $16 to $19 per Hour:
The government has declared a new minimum salary for workers in the territory. These pay were determined after considering how living and working affect employers and employees. The Department of Justice has raised the federal minimum wage in Nunavut from $16 to $19 per Hour. Given the growing cost of inflation, the rise in strikes has been justified.
A few interested parties are protesting the new Canada Minimum Wage rate, a 3 CAD increase. Following this increase, Nunavut now boasts Canada’s highest minimum wage. This raise will provide the workers an additional $120 per week to help them manage their monthly expenses and federal earnings amidst the growing cost of living.
Still, the government has taken these initiatives to raise workers’ pay, which is good. The rise will benefit the company and the employees, enabling them to manage their financial vulnerabilities better. The increase will be 18% since Nunavummiut currently has the highest cost of living due to rising inflation and cost of living increases.
The strategy to acknowledge the rise in Canada’s Minimum Wage focused on those primarily impacted by inflation. This means that starting on January 1, 2024, all workers in Nunavut will be paid $19 per Hour.
What is Minimum Wage?
The lowest amount of money given to an employee as legal compensation is known as the minimum wage. These are the federal rates that the company must pay on each employee’s Salary. Since April 2023, the minimum wage in Canada has been fixed at $16.65 per Hour. These are the hourly federal rates determined by growing inflation throughout a fiscal year.
However, the Nunavut government increased the minimum wage for its citizens by 3 CAD above the previous rates in 2024. In Canada, all employers must pay their staff the minimum wage to meet their necessities and care for their health.