What is the average household income in Canada?

The median after-tax household income in Canada is approximately $68,400, though it varies significantly by province — Alberta and Ontario tend to be highest, while the Atlantic provinces are lower.

What is the minimum wage in Canada?

Each province and territory sets its own minimum wage. As of 2025, rates range from $14.00/hour to over $17.00/hour depending on the jurisdiction. The federal minimum wage (for federally regulated workers) is $17.30/hour.

How does EI work in Canada?

Employment Insurance (EI) provides temporary income support to workers who lose their job through no fault of their own. You typically need 420–700 insurable hours (depending on regional unemployment rate) and can receive 55% of your average insurable earnings up to a maximum weekly amount.

What is the average net worth by age in Canada?

The median net worth for Canadian families under 35 is about $48,800, rising to roughly $521,000 for those aged 55–64. These figures include home equity, which is the largest asset for most Canadians.

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Personal Finance
Personal Finance – Income, Net Worth & Calculators (Canada)

Personal Finance – Income, Net Worth & Calculators (Canada)

Updated March 2026

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