{"id":253114,"date":"2025-10-31T21:14:07","date_gmt":"2025-10-31T21:14:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/253114\/"},"modified":"2025-10-31T21:14:07","modified_gmt":"2025-10-31T21:14:07","slug":"canada-earnings-average-what-is-the-1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/253114\/","title":{"rendered":"Canada earnings average: What is the 1%?"},"content":{"rendered":"<p class=\"c-paragraph\">The top one per cent of tax filers made an average of $606,000 in 2023, according to Statistics Canada\u2019s most recent \u201c<a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/251031\/dq251031b-eng.htm\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/251031\/dq251031b-eng.htm\">high-income Canadians<\/a>\u201d report.<\/p>\n<p class=\"c-paragraph\">In contrast, Canadian tax filers on average made $59,900 that year when adjusted for inflation.<\/p>\n<p class=\"c-paragraph\">Most groups saw their average inflation-adjusted income decrease that year. The top one per cent saw their incomes fall 0.6 per cent. Most others ate a 0.3 per cent cut, following a 3.2 per cent decrease in 2022.<\/p>\n<p class=\"c-paragraph\">The largest drop was among the 0.1 per cent of filers at a full percentage point, though that group enjoyed $2,131,900 in earnings on average.<\/p>\n<p>What group are you in?<\/p>\n<p class=\"c-paragraph\">To be considered among Canada\u2019s one per cent of earners, you\u2019d have to make at least $293,800 in 2023, according to Statistics Canada.<\/p>\n<p class=\"c-paragraph\">To be in the 0.1 per cent group, the cost of entry was $930,100. Within that, Canadians earning more than $3,487,600 could call themselves 0.01 per cent earners.<\/p>\n<p class=\"c-paragraph\">That last group actually saw their incomes grow in 2023, contrasting the trend in lower income groups. On average, those people were paid $7,743,100, up 0.2 per cent from the year before.<\/p>\n<p class=\"c-paragraph\">Members of this group got a significant portion of their income from investments, dividends and other income.<\/p>\n<p class=\"c-paragraph\">By comparison, the general public gets about two thirds of their income through aggregate wages and salaries.<\/p>\n","protected":false},"excerpt":{"rendered":"The top one per cent of tax filers made an average of $606,000 in 2023, according to Statistics&hellip;\n","protected":false},"author":2,"featured_media":253115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[712,45,49,48,46],"class_list":{"0":"post-253114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-apple-news","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/253114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=253114"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/253114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/253115"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=253114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=253114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=253114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}