By contrast, median market income across all Canadian families and unattached individuals was $68,700 in 2023, a 1.5% increase from 2022. Government transfers were $10,000, down $500 year-over-year. Total income median after-tax income of Canadian families and unattached individuals was $74,200 in 2023, increasing 1.2% from 2022.
All figures are adjusted for inflation.
Older Canadians (aged 65+) also saw a lower poverty rate in 2023 at 5% (down from 6% in 2022) compared to 11.6% among those aged 18-64 (up from 11.1% in 2022) and for under 18s at 10.7% (relatively unchanged from 2022).
Poverty rates were also higher for racialized groups (14%) and Indigenous populations (17.5%) although people with a disability were less likely to be in poverty than pre-pandemic although the rate is still higher than the general population at 12%.
In 2023, Alberta ($88,500) and Ontario ($78,600) recorded the highest median after-tax income for families and individuals among the provinces, while Nova Scotia ($62,900) and New Brunswick ($62,700) had the lowest. Among the territories, the Northwest Territories led with $102,100, followed by Nunavut at $90,800 and Yukon at $84,500.
