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How much money are we earning? The average Canadian wages right now, average income by

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So, how much are we earning? The average Canadian salaries by industry and region

Posted on November 30, 2016

[Updated November 2016] Statistics Canada recently updated their report on average salaries across the country, and it seems we re taking home a little more than we were in 2015.

As of September 2016, the average wage for Canadian employees was $952 a week – or just under $50,000 a year. This represents a 0.4% increase over the same period last year.

Here s a look at the most recent average Canadian salary by province (or territory):

  • Newfoundland and Labrador $52,572
  • New Brunswick $44,044
  • Nova Scotia $44,326
  • Prince Edward Island $43,239
  • Quebec – $46,114
  • Ontario $50,589
  • Manitoba $46,363
  • Saskatchewan -$51,057
  • Alberta – $58,133
  • British Columbia – $47,914
  • Yukon – $54,367
  • Northwest Territories – $73,221
  • Nunavut – $65,403

Over the past year, the largest gains in salary were seen in the finance and insurance field, where earnings increased 7.4% to $65,348 per year. Information and cultural industries saw the next biggest increase in average salary over the last 12 months, at 5.8%.

Here are the average Canadian salaries by sector (based on the 2012 North American Industry Classification System):

  • Mining, quarrying, and oil and gas extraction – $107,065
  • Utilities $89,955
  • Construction $62,461
  • Manufacturing – $56,446
  • Retail $29,398
  • Transportation and warehousing – $52,383
  • Information and cultural industries $66,309
  • Finance and insurance $65,348
  • Real estate and rental and leasing $48,887
  • Professional, scientific and technical services $69,032
  • Educational services $53,109
  • Health care and social assistance $44,949
  • Arts, entertainment, and recreation – $30,396
  • Accommodation and food services – $19,430
  • Public administration – $63,894

Curious about what you can earn with jobs that are currently available? Here are the average salaries for the 10 most in-demand jobs in Canada:

Where do you sit on the salary spectrum? Want something higher? It s time to look for something better.

The 10 most in-demand jobs and what they pay


Stats about all US cities – real estate, relocation info, crime, house prices, cost of

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household income by zip code

Household income by zip code

Our data in action. City-Data Blog.

What strange things do people search for on Google? How does income tax affect migration patterns? What features are popular in which type of homes? At the City-Data Blog, our writers utilize data to answer questions you never knew you had. From silly, light-hearted investigations to powerful economic examinations, we cover a range of topics that anyone can enjoy! Our writers, many of them Ph.D. graduates or candidates, create easy-to-read articles on a wide variety of topics.

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Household income by zip code

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Household income by zip code

Household income by zip code

Household income by zip code

Household income by zip code

Household income by zip code

Household income by zip code

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You can compare all of these data on a single map, view photos and comments submitted by our users and easily find neighborhoods you want to live in!

Household income by zip code

Household income by zip code

Household income by zip code

Household income by zip code

Household income by zip code

Household income by zip code

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Household income by zip code

Household income by zip code

Household income by zip code


List: Median household income of each Las Vegas Valley ZIP code – Las Vegas Sun

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List: Median household income of each Las Vegas Valley ZIP code

Friday, April 1, 2011 | 3:27 p.m.

Related story

The median household income for the Las Vegas Valley is $58,432, according to numbers released Thursday by Las Vegas-based Applied Analysis in its annual Las Vegas Perspective report.

The valley ZIP code with the highest median income was 89044, in the Anthem area of Henderson, where the median was $99,760. The valley ZIP code with the lowest median income was 89101, which includes downtown Las Vegas, with a median of $26,592.

The following is a list of each ZIP code in the valley, sorted by median household income.

  • 1. 89044 – $99,760
  • 2. 89144 – $88,976
  • 3. 89052 – $86,318
  • 4. 89135 – $84,795
  • 5. 89143 – $83,913
  • 6. 89148 – $83,491
  • 7. 89166 – $83,472
  • 8. 89149 – $83,321
  • 9. 89124 – $83,032
  • 10 89074 – $77,410
  • 11. 89129 – $76,700
  • 12. 89183 – $76,574
  • 13. 89002 – $75,050
  • 14. 89131 – $74,891
  • 15. 89031 – $73,498
  • 16. 89012 – $72,759
  • 17. 89130 – $72,489
  • 18. 89134 – $69,651
  • 19. 89123 – $69,199
  • 20. 89113 – $68,411
  • 21. 89147 – $67,809
  • 22. 89021 – $67,512
  • 23. 89142 – $65,935
  • 24. 89032 – $65,933
  • 25. 89139 – $64,340
  • 26. 89145 – $63,179
  • 27. 89128 – $62,270
  • 28. 89054 – $62,265
  • 29. 89011 – $61,649
  • 30. 89117 – $61,619
  • 31. 89015 – $60,284
  • 32. 89120 – $59,771
  • 33. 89005 – $59,450
  • 34. 89014 – $59,284
  • 35. 89081 – $58,420
  • 36. 89084 – $58,214
  • 37. 89138 – $58,087
  • 38. 89156 – $58,044
  • 39. 89086 – $58,033
  • 40. 89178 – $56,132
  • 41. 89018 – $54,502
  • 42. 89141 – $53,686
  • 43. 89179 – $53,637
  • 44. 89146 – $52,471
  • 45. 89110 – $52,132
  • 46. 89027 – $51,999
  • 47. 89019 – $50,938
  • 48. 89108 – $50,769
  • 49. 89118 – $49,730
  • 50. 89122 – $49,697
  • 51. 89040 – $48,363
  • 52. 89107 – $47,142
  • 53. 89029 – $46,644
  • 54. 89046 – $46,524
  • 55. 89121 – $46,444
  • 56. 89103 – $42,839
  • 57. 89104 – $40,100
  • 58. 89115 – $37,667
  • 59. 89030 – $37,314
  • 60. 89102 – $36,715
  • 61. 89119 – $35,420
  • 62. 89106 – $35,028
  • 63. 89109 – $33,241
  • 64. 89169 – $33,160
  • 65. 89085 – $27,953
  • 66. 89101 – $26,592


  • ZIP Code Rankings, Highest Income ZIP Codes, household income by zip code.#Household #income #by #zip

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    household income by zip code

    Household income by zip code

    Economic Prosperity by ZIP Code Area

    Household income by zip code

    Household income by zip code

    Put data to work more effectively.

    click graphic for info; hover to pause

    site analysis using 1 mile radius

    Household income by zip code

    $median household income

    patterns by census tract – Houston

    Household income by zip code

    113th Congressional Districts

    Household income by zip code

    US Asian Indian population 2010

    Household income by zip code

    geocoded students and school

    McKinney ISD, TX

    Household income by zip code

    geocoded students and school

    with tax parcels streets

    Household income by zip code

    high school attendance zones

    with schools by type

    Household income by zip code

    %high school graduates by

    census tract – Puerto Rico

    Household income by zip code

    Austin, TX MSA counties

    places 10K+ population markers

    Household income by zip code

    Appalachia counties (green)

    coalfield counties (orange)

    Household income by zip code

    China provinces percent urban

    cities (markers) by state plan

    Household income by zip code

    Honolulu census tracts (red)

    Household income by zip code

    Central Park area NYC

    Household income by zip code

    Kansas City Metro Counties

    Home Depot locations (markers)

    Household income by zip code

    World Cities; focus on Spain

    Household income by zip code

    Data Analytics Blog

    Based on the American Community Survey 2013 5-year estimates (ACS0913), ten ZIP Code Areas had a median household income of $250,000 or more during 2009-13. More than 130 ZIP code areas had a median housing value of $1,000,000 or more. This section reviews measures of economic prosperity for all ZIP code areas. See the list of all ZIP ccdes showing median household and related measures in the interactive table shown below. Use the interactive table to view, rank, compare and query ZIP code attributes.

    the Demographic Research Group is a forum for demographic data users.

    Same table layout but data based on more recent ACS 2015 5 year data.

    .. extended subject matter

    .. reviewing applications using these and related data.

    The following graphic shows locations of the ZIP code areas with the highest median household income.

    Household income by zip code

    View developed with CV XE GIS software. Click graphic for larger view.

    ZIP 77010 (Houston) in context of ZIP code boundary (red boundary) and Open Street Maps

    Table initially sorted by median household income.

    Use the interactive table shown below to examine attributes of ZIP Code areas.

    Click column header to sort; again to sort other direction. Usage notes below table.

    Click ShowAll between queries/filters.

    Query for 3-digit ZIP Code: Click ShowAll button; replace “100” (no quotes) with 3 digit ZIP; click Find ZIP button.

    .. performs find for exact match on column 1 (ZIPCode).

    Query by city name: Click ShowAll button; replace “Los Angeles” (no quotes) with case sensitive partial/all city name;

    .. click Find Name button.

    .. performs find for exact match on column 5 (City Name).

    Median household income is top coded at $250,000. Areas showing $250,000 are $250,000 or more.

    Median housing value is top coded at $1,000,000. Areas showing $1,000,000 are $1,000,000 or more.

    -1 value indicates no estimate available for this area.

    Learn more about accessing and using demographic-economic data and related analytical tools. Join us in a Data Analytics Lab session. There is no fee for these one-hour Web sessions. Each informal session is focused on a specific topic. The open structure also provides for Q A and discussion of application issues of interest to participants.

    Join the ProximityOne User Group to keep up-to-date with new developments relating to geographic-demographic-economic decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group.


    SOI Tax Stats Individual Income Tax Statistics ZIP Code Data (SOI), Internal Revenue Service, income

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    SOI Tax Stats – Individual Income Tax Statistics – ZIP Code Data (SOI)

    Return to Tax Stats home page

    ZIP Code data show selected income and tax items classified by State, ZIP Code, and size of adjusted gross income. Data are based on individual income tax returns filed with the IRS and are available for Tax Years 1998, 2001, and 2004 through 2015. The data include items, such as:

    • Number of returns, which approximates the number of households
    • Number of personal exemptions, which approximates the population
    • Adjusted gross income
    • Wages and salaries
    • Dividends before exclusion
    • Interest received

    ZIP Code data for years 1998, 2001, and 2004 through 2015 are available as single Zip files containing all State Excel files. The files are compressed using the WinZip utility and must be downloaded and extracted before viewing or loading into any application. A free WinZip utility is available, if needed.

    ZIP Code Data 1998–2010

    Follow these steps to extract files for the entire year (all States) or for an individual State.

    To extract an entire year (all States) using WinZip:

    1. Double click the Zip file to open the WinZip utility.
    2. Click and drag the folder to your desktop.
    1. Double click the Zip file to open the WinZip utility (NOTE: SecureZIP users should follow the following steps).
    2. Click the ‘Extract’ button. Ensure that the radio button, ‘All Files in Archive Selected’, is selected.
    3. Select a destination folder.
    4. Click the ‘Extract’ button.

    To extract an individual State using WinZip:

    1. Double click the Zip file to open the WinZip utility.
    2. Double click the folder.
    3. Click and drag the desired Excel file(s) to your desktop.
    1. Double click the Zip file to open the WinZip utility (NOTE: SecureZIP users should follow the following steps).
    2. Highlight the desired Excel file(s).
    3. Click the ‘Extract’ button. Ensure that radio button, ‘Selected Files/Folder’, is selected.
    4. Select a destination folder.
    5. Click the ‘Extract’ button.

    What Does Income Tax Mean for FAFSA, what is meant by income tax return.#What #is

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    What Does Income Tax Mean for FAFSA?

    In each of sections concerning the student s and the parents financial information, the FAFSA asks you to report your and/or your parents total income tax liability for the most recent tax year. On the Federal Form 1040 you can find your total federal income tax, which is what you need to report on the FAFSA to answer the income tax question. If you haven t completed your federal return as of the date you re filing the FAFSA, you can use an estimated figure by looking at your return for the most recent tax year you have on record. Doing so, however, may only be accurate if your income has not changed.

    Determining which line of Form 1040 lists your total income tax for the FAFSA may be confusing because of the wording both on the FAFSA and the federal return. The last line of the Other Taxes section of the Federal 1040 is usually labeled total tax, making you think this is the number to report. But this is incorrect. Instead, you report the figure listed on the last line of the Taxes and Credits section of the federal return.

    In the income section, the FAFSA asks you to report your adjusted gross income (AGI). This means you should report the exact amount from the adjusted gross income line (typically line 37) of your Federal return. If you re estimating your AGI, this includes all taxable income like wages, salaries and tips, self-employment earnings and interest income, with allowances for certain adjustments and deductions. The FAFSA also asks about income earned from work, which is different from your AGI. For this question, you can refer to your pay stubs or W-2 to determine your total raw pay. If you re married, you need to report your and your spouse s income from work on separate lines.

    In some cases, questions of dependency may be obvious, but in others less so. For example, if you live at home and are financially dependent on your parents, you report their financial information on the FAFSA. Exactly whose income tax details to reveal may be ambiguous in some situations. For example, your parents may be divorced or separated. In this situation, you report income tax details of the parent with whom you lived with more for the past 12 months. If you didn t live with either parent more, you report the details of the parent who claims you as a dependent on his or her income tax return.

    When filling out the financial information section, you may get confused and accidentally report the wrong information. Common errors include reporting your AGI or amount of taxable income for the question about tax liability. Reporting the federal tax withholding listed on your W-2 is another common error when answering the income tax question. Making one of these common errors may trigger an automatic rejection of your FAFSA, which means you must submit corrections to the FAFSA.


    EVC) INSTEAD OF ITR-V Income tax Return E-Filing – do not need to send the

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    (EVC) INSTEAD OF ITR-V Income tax Return E-Filing do not need to send the ITR-V by Post

    Government is trying hard to go green but the necessity of sending signed ITR-V form to Bangalore was becoming an obstacle to make e-filing process completely paperless. Digital Signature has already been mandated for the companies to file and verify their returns but individuals were given an option to sign the physical copy of ITR-V and send it to CPC, Bangalore.

    Government has come out with the Electronic Verification Code for verifying the income tax return to get rid of this last piece of paper and make the e-filing process completely paperless. Now, you just have to put an EVC after filing your return and you are done with e-filing, no need to send signed ITR-V to CPC, Bangalore within 120 days’ time frame.

    What is Electronic Verification Code (EVC)?

    Electronic Verification Code (EVC) is a 10 digits alpha numeric code to verify your income tax return and can be generated via various methods. Let’s see the features and usage of Electronic Verification code to e-verify your income tax return.

    • EVC is a 10 digit alpha numeric code which would verify the identity of the person filing the income tax return.
    • The EVC could be used to verify ITR 1 (Sahaj) / ITR 2 / ITR 2A / ITR 3 / ITR 4 /ITR 4S (Sugam).
    • EVC would be unique and can be used only with the PAN of the person furnishing the income tax return. This means one EVC for one PAN.
    • One EVC can be used to validate only one ITR whether it is original or revised return.
    • The EVC remains valid for 72 hours but can be generated various times through various modes.
    • In case the tax returns are already filed or uploaded, the verification needs to be done within 120 days of filing of return.

    How to Generate Electronic Verification Code (EVC)?

    CBDT has notified four methods to generate Electronic Verification Code (EVC). Before proceeding to generate EVC please ensure that the mobile number and email address registered with the CBDT is accessible by you.

    1. Generate EVC through e-filing website

    I consider this as the simplest method because you just need to click few buttons and you will get EVC on your mobile and registered email.

    But this method is only available if your salary income is up to Rs.5 lacs and you are not claiming any tax refunds.

    • Simply login to your account with PAN number as user id and your password.
    • Click on the e-file tab and select Generate EVC as shown in the image below:
    • You would then receive EVC on your registered mobile number as well on your registered email address.Put the code in the box on the screen and the process of e-filing gets completed.

      2. Generate EVC through Linking Aadhaar Card with PAN

      Before generating EVC through Aadhaar Card, make sure that your mobile number should be registered with your aadhaar. (I faced this problem generating EVC).

      How to link your aadhaar with PAN?

      After login, you would see “Profile Settings” Tab besides downloads. Click on it and a drop-down menu would appear, select Link Aadhaar with PAN.

      Fill in the required details and click on Link Now to complete the process.

      Next Step would be to generate EVC and for that you have to select “I would like to generate Aadhaar OTP to e-Verify my return” at the time of e-verifying your tax return.

      3. Generate EVC through Bank ATM (Automatic Teller Machine)

      For this option you have to use the ATM card of the bank which is registered with the IT department. You can generate EVC by selecting “generate EVC for ITR filing” appears on the ATM Screen. The EVC would be sent to your registered mobile number with Bank.

      4. Generate EVC through Net Banking Facility

      Generating EVC using Net Banking requires you to route your process of e-filing through the bank which is registered with IT Department. You would have to login into your net banking account and seek the redirection to income tax e-filing website where you can generate EVC. The EVC would be sent to your registered mobile number with Bank.

      This option requires a valid PAN to be linked with your Bank account as per KYC norms and ITR should be for same PAN number.

      How to use Electronic Verification Code (EVC) to verify Income Tax Return?

      Electronic Verification Code (EVC) for e-verification process of Income Tax Return can be used while:

      1. Uploading of Return using Net Banking
      2. Uploading of Return without using Net Banking
      3. For already Uploaded Return

      1. In case you are Uploading Tax Return without using Net Banking than as soon as you are finished with uploading of return, a screen having following options would popup:

      • Option-1 – “I already have an EVC and I would like to Submit EVC”
      • Option-2 – “I do not have an EVC and I would like to generate an EVC”
      • Option-3 – “I would like to generate Aadhaar OTP to e-Verify my return”
      • Option-4 – “I would like to e-Verify later! I would like to send ITR-V”

      You can use any one of the above options (1 to 3) to e-verify your Income Tax Return and download the Acknowledgement (No Further action required).

      Option 1 requires you to put the EVC you have already generated and then download the Acknowledgement (No Further action required).

      Option 2 requires you to generate EVC either through AMT or E-filing website.

      Option 3 would use generating EVC through Aadhaar Card (As described above).

      Option 4 would means you don’t want to use the new method of EVC and would like to go with the old method of ITR-V signing and sending it to CPC Bangalore.

      2. In case you have routed to e-filing website through net banking account then after you finish uploading tax return three options would be shown on your screen:

      • Option-1 – “I would like to e-Verify my return now”
      • Option-2 – “I would like to generate Aadhaar OTP to e-Verify my return”
      • Option-3 – “I would like to e-Verify later! I would like to send ITR-V”

      You can use any one of the above options (1 and 2) to e-verify your Income Tax Return and download the Acknowledgement (No Further action required).

      Option 1 would simply need you to confirm the verification of ITR by clicking on “Continue” button. Download the Acknowledgement (No further action is required).

      Option 2 remains same as in above case and ECV would be sent to your registered mobile number.

      Option 3 would be old method of ITR-V signing.

      3. Verification of Already Uploaded Returns requires you to verify them within 120 days of submission or uploading by following below mentioned steps:


    What Does Claiming 0 on Taxes Mean, what do you mean by income tax return.#What

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    What Does Claiming 0 on Taxes Mean?

    When you get a paycheck from an employer, the income you receive is less than your total earnings because your employer withholds money from your income to pay your tax obligations. The amount of money withheld from your pay depends on the number of tax allowances you claim. Claiming 0 means you claim no tax allowances, which will result in the maximum level of tax withholding.

    W-4 Basics

    When you take a new job, your employer must give you tax Form W-4 to set up your tax withholding. When you fill out your W-4, you have the opportunity to claim allowances based upon various circumstances such as whether you are married, how many jobs you have and whether you have dependent children. If no allowances apply to you, you might claim zero on your tax return. The fewer allowances you claim, the greater the amount of income you will have withheld for taxes.

    Benefits

    When you claim zero allowances on your tax return, your employer will withhold a larger portion of your income to pay your income tax liability. Claiming zero makes it less likely that you will end up owing additional taxes to the IRS when you file your tax return at the end of the year. In some cases, claiming zero might entitle you to a tax refund when you file your tax return.

    Drawbacks

    Claiming zero allowances on you W-4 means you will receive less income in each paycheck. Even though you might get a large tax refund by claiming zero, it is better actually receive your money as pay than to get it back months after you earn it because money can be saved or invested to earn a return over time. If you only work one job and cannot be claimed as a dependent on someone else s tax return, you will likely be able to claim at least one allowance without owing additional taxes when you file your tax return.

    Considerations

    Taxpayers can change the number of allowances claimed by requesting and submitting a new W-4 form. The IRS states that you can increase the number of allowances on line 5 of Form W-4. You should consider increasing your allowances from zero if you consistently receive large tax refunds or if your life circumstances have changed since you took a job. For example, if you have gotten married and had children since claiming zero allowances on your W-4, you might have too much money withheld from your income.


    Country Per Capita Income, Country GDP Per Capita, Economy Watch, per capita income by country.#Per

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    Country Per Capita Income, Country GDP Per Capita

    June 29, 2010 • Country Profiles • by EconomyWatch

    In common parlance, news reports and economic forecasts, country per capita income is considered as an indicator of a country s economic well being. Gross domestic product or GDP is an approximate measure of the market value of all goods and services produced in a country during a specific period.

    How to Calculate Country per Capita Income

    When country GDP per capita is calculated, it is done by dividing the nominal or real GDP by the country s population. When the GDP is adjusted for inflation, it is called nominal GDP.

    One method of calculation is to consider GDP at its purchasing power parity (PPP). The alternate method includes making inferences from nominal GDP figures.

    Country per Capita Income as Economic Indicator

    Country per capita is used to measure a country s financial well being, particularly in comparison with other regions or nations. That is one reason why per capita income figures are expressed in terms of international currencies, such as US dollars. For a country, it goes beyond being a mathematical formula of economic growth as it also reveals the quality and standard of living of its people. For economists, however, an increase in country per capita income signifies national economic growth.

    Economists and policy planners use country per capita income figures to:

    • estimate future trends of national economy.

  • use these figures to devise apt strategies to tackle potential fiscal threats to the economy.

  • use favorable figures to propel a country s monetary activities.

  • strengthen a country s economic climate.

  • devise structural adjustments to avert rising inflation in the wake of high purchasing power.
  • Drawbacks of Country per Capita Income

    Just as a coin has two sides, the merits and drawbacks of country per capita income are highly debated.

    • Gives no exact figure pertaining to domestic income levels.

  • Excludes the effects of economic differences existing in the society.

  • Prevailing economic differences threaten national stability even as it maintains high per capita income figures.
    • Excludes unregulated economic transactions such as black money and bartering.

    • Excludes production activity or reconstruction work due to natural disasters.

    • Tax evaders can easily hamper per capita income data.

    Drawbacks are many but its benefits outweigh them, which is why it continues to be used by experts as a key economic indicator of a country s economic progress.


    The All-Canadian Wealth Test 2015 charts, average income by age.#Average #income #by #age

    by ,

    The All-Canadian Wealth Test 2015 charts

    Average income by age

    December 17th, 2014

    Income

    How does your income stack up?

    Have you ever wanted to know how much your neighbour makes but were too polite to ask? Here’s your chance to find out. We divvy up the population into five equal groups to show the range of incomes for both unattached individuals and families of two or more. For instance, if you’re single and making $30,000 a year before taxes, then you’d be ahead of the poorest 40% of Canadians, but behind the richest 40%.

    Average income by age

    Income Inequality

    Forget the glass ceiling: when it comes to the salary gap between the sexes, women have hit a brick wall. Women between the ages of 45 and 54 earn on average about $23,600 less than men in that same cohort, which is virtually unchanged from where it was five years ago, but the gap is narrower than back in 2000.

    Average income by age

    Bright lights, big incomes

    How your income stacks up against the rest of Canada is one thing, but if you really want to see how well you’re doing it’s best to compare yourself to the people around you. The tables below break down incomes by province and for the 10 largest cities in Canada. It makes a difference. For example, a middle income in all of Ontario is about $72,000, but that’s about $11,500 less than a middle income in Ottawa and some $4,500 more than a middle income in London, Ont.

    Average income by ageAverage income by age

    Net Worth

    Losses, losses

    Back in 2009 Canadian households saw their wealth dip by 10%. But the rebound was swift and complete: those net worths are 15% higher than they were five years ago. Since 2006, the average Canadian household has added about $75,000 to its net worth.

    Average income by age

    Are you rich?

    ou might be earning the big bucks, but income alone doesn’t make you wealthy. Your net worth is the best measure of overall wealth. It takes into account everything you own (real estate, pensions, RRSPs and other investments) minus everything you owe. When it comes to wealth, not surprisingly, families have the edge over individuals. The collective net worth of the lowest 40% of individuals wouldn’t match the poorest 20% of families.

    Average income by age

    Share the wealth

    Families can build wealth faster than individuals because they’re able to pool their resources, which enables them to pay down debts faster and make larger purchases. And what a difference it makes: between ages 55 and 65 families are worth, on average, a whopping $670,000 more than unattached individuals in the same age group.

    Average income by age

    Being rich is relative

    What about Canada’s biggest cities? Typically, middle-class households—and even those in the second-highest quintile—have net worths that fall in line with the national averages. While there are some variations, only Montreal and Quebec City underperform, which is mainly because households in Quebec are younger than other provinces and so have had less time to build up net worth, says Miron. The average net worth in the wealthiest quintiles is far more robust: $1,813,261 for Toronto, $1,849,689 for Calgary and $1,759,204 for Vancouver.

    Average income by ageAverage income by age

    What s the source of your net worth?

    In Canada, home ownership is playing an increasingly large role in determining how wealthy we are—thanks to our seemingly bubble-proof housing boom. The tables below break down the average household net worth by province and by city, showing the true value of our assets minus our debt. Not surprisingly, in every region and major urban centre, the value of our real estate holdings outweigh our more immediately accessible liquid assets. Even economic powerhouse Alberta can’t buck this trend, nor can its shining star Calgary, the financial centre of western Canada.

    Average income by ageAverage income by age