https://www150.statcan.gc.ca/n1/daily-quotidien/220323/dq220323a-eng.htm
Canadian Income Survey, 2020
Released: 2022-03-23
Median after-tax income, economic families and persons not in an economic family
$66,800
2020
7.1% increase
(annual change)
Source(s): Table 11-10-0190-01.
The median after-tax income of Canadian families and unattached individuals was $66,800 in 2020, which represented an increase of $4,400 (+7.1%) from the previous year. The increase in after-tax income was larger for lower-income individuals and families and was mainly driven by income support programs put in place to assist Canadians impacted by the COVID-19 economic shutdowns. Canada's official poverty rate was 6.4% in 2020, down 3.9 percentage points from the previous year when it stood at 10.3%.
Today, Statistics Canada is releasing new data from the 2020 Canadian Income Survey (CIS) undertaken during the COVID-19 pandemic. In response to the economic shutdowns and restrictions put in place to limit the spread of the pandemic, the Government of Canada introduced a number of income supports for individuals and businesses. It is therefore important to consider the 2020 CIS estimates in light of the unprecedented events during the first year of the pandemic.