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

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Average Salary in Canada 2024 | Wages by Industry and Province (1)

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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. The majority of Canadians are earning more than they earned in the previous years.

Immigrants, from all over the world, move to Canada for a desirable standard of living with high earnings and better career growth opportunities. Irrespective of the skill sets and the occupation they have work experience in - Canada offers attractive pay scales to lead a stable life in the country.

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What is the average salary in each Canadian province?

Although the average Canadian salary has increased nationally, not all provinces and territories pay their employees the same. Canada has different average annual salaries for each province and territory, and these figures are subject to change. According to the current Canada NOC List, average wages remain high in traditionally popular provinces - Alberta, British Columbia, Ontario, and Quebec.

The following table illustrates the average salary in respective Canadian provinces and territories:

Province & TerritoryAverage 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

Surprising as it may seem to some, the average annual salary in Manitoba, Newfoundland & Labrador, and Nova Scotia has increased to meet or exceed the rate observed in these provinces. The average wages in Ontario and Saskatchewan are virtually identical.

How much salary can you earn in different Canadian Job sectors?

Following table shows the average salaries in different Canadian job sectors:

Job SectorsAverage Salary
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

Which industries have seen the most growth in Canada?

If you are looking for ways on how to get a job in Canada, you need to know which industries have seen the most growth in recent years. As of 2024, the following industries are in demand in Canada.

  • Agriculture and forestry
  • Mining and oil and gas extraction
  • Wholesale
  • Retail
  • Transportation and warehousing
  • Finance and insurance
  • Health care and social assistance
  • Real estate and rental and leasing
  • Professional, scientific and technical services
  • Accommodation and food services
Canada High Demand Job List

Highest paying jobs in Canada

The employment sectors with the highest paying wages in Canada are energy and natural resources, finance and insurance, and scientific and technical services.

  • Mining, quarrying, and oil and gas extraction - $117,215
  • Utilities - $103,750
  • Professional, scientific and technical services - $84,921
  • Information and cultural industries - $81,068
  • Finance and insurance - $80,645
  • Management of companies and enterprises - $80,149
  • Public administration - $78,104

Employees in Canada are likely to achieve an annual increase of 9%. However, these increases can vary from person to person. It depends on the performance of the individual and contribution to the organization. These are important factors that determine the percentage increment.

If you are looking for a Work Permit Visa and immigrate to Canada, immigration consultant at Nationwide Visas can help you in the immigration process and make it much easier and simpler.

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FAQs

What is the average salary in Canada in 2024? ›

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.

Which province in Canada has the highest salary? ›

Alberta and Ontario have the highest annual salary average (Stats Can, 2021). The Canadian income distribution from province to province works out as follows: British Columbia – $68,500. Alberta – $77,000.

What is the average salary in each Canadian province? ›

Median Income of Canada
ProvincesAverage Annual Salary 2021Percentage of Change
Saskatchewan$54,371-5.65%
Ontario$55,524-5.23%
British Columbia$53,416-5.12%
Quebec$51,735+3.03%
9 more rows

Is $70000 a good salary in Canada? ›

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.

What percentage of Canada makes over 100k? ›

In 2021, 21.2 percent of the Canadian population had an annual income of 100,000 Canadian dollars or more.

Is 100k a good salary in Canada? ›

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.

Which is the highly paid industry in Canada? ›

There is a wide range of opportunities for job profiles like surgeons, dentists, psychiatrists, and nurses. Besides healthcare professionals, Canada's highest-paying job roles include data scientists, architects, engineers, and marketing directors.

What is the wealthiest province in Canada? ›

The economist Trevor Tombe has shown that Canada's richest province, Alberta, would rank 14th among U.S. states. The poorest five provinces now rank among the six poorest jurisdictions in North America.

What is an excellent salary in Canada? ›

Find out what the average Good salary is

How much does a Good make in Canada? The average good salary in Canada is $46,800 per year or $24 per hour. Entry-level positions start at $35,100 per year, while most experienced workers make up to $91,982 per year.

What is considered middle class in Canada in 2024? ›

It's a definite concern. “If you make between about $50,000 to $150,000, you are considered to be in the middle class as of 2024,” said Kullberg. “However, it may not always feel that way to those higher income earners if they live somewhere with a high cost of living, have a lot of debt or have many dependents.”

How many people make over 200k in Canada? ›

Related table(s) with other frequencies:
Geography6Canada (map)
SexBoth sexes
Persons with income of $200,000 and over5416,860513,450
Persons with income of $250,000 and over5245,620302,050
Dollars
18 more rows

What salary is considered middle class in Canada? ›

What is considered middle class income in Canada? A middle class income in Canada is anything that falls between between $53,359 and $106,717. Those in this class bracket typically earn between 75% and 200% of the median Canadian household income after tax.

Is $120,000 good salary in Canada? ›

$120,000 is $57,950 more than the average yearly salary of $62,050 in Toronto. A salary of $120,000 per year means that you would be taking home about $85,955 per year after taxes, or $7,163 per month to pay for things like housing, transportation, groceries, and entertainment.

What is a good salary in Toronto in 2024? ›

Average Salary in Toronto, ON
Annual SalaryWeekly Pay
Top Earners$82,500$1,586
75th Percentile$76,791$1,476
Average$57,550$1,106
25th Percentile$38,308$736

Is 80000 usd a good salary in Canada? ›

The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $80,000 a year in Toronto makes 28.9% more than the average working person in Toronto and will take home about $59,628.

Is 3000 dollars a good salary in Canada? ›

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.

What is considered a high salary in Canada? ›

Different Income Classes in Canada
ClassIncome Amounts
Lower Class$0 - $53,359
Middle Class$53,359 - $106,717
Upper Middle Class$106,717 - $235,675
Upper Class$235,675 and up
Oct 12, 2023

What is the median income in Canada vs US? ›

While the U.S. is a much larger economic powerhouse, citizens' incomes are relatively aligned. The U.S. Census Bureau states the median income for U.S. families is $74,580. In Canada, the median income stood at 68,400, as per the latest report. Taxes can also differentiate the two countries.

What will be the highest paying job in 2024? ›

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.

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