Salary in Canada

Canada has consistently ranked in the top five best countries to live in. One of the reasons is decent wages - even without education, you can earn enough money for a comfortable existence, and qualified workers buy houses and cars for wages, make savings and travel the world.

Economic situation and incomes of the population

Canada is an advanced economy, ranked 14th in the world in terms of real GDP. The main indicators of the well-being of the population here are above average. Negative trends include increased social stratification - income 20% the wealthy part of Canadians is 5 times the income 20% the poor.

Good ecology, low stress levels and other positive factors led to a high life expectancy - 84 years for women and 79 years for men.

Bank of Canada aims to keep inflation below 3% in year. So far, the country's main financial institution has succeeded: in 2017, inflation amounted to 1,87%.

Despite encouraging performance, Canada's economy is stagnating. Exports of raw materials account for a large share of GDP, and organizations in other segments rarely open. Therefore, Canada actively attracts workers from other countries.

Salary per month by profession

Earning in Canada depends on the profession, qualifications, region and work experience. Doctors (especially dentists) and programmers are highly valued. Service workers are paid less and more in demand, making it easy to find a nanny or salesperson job.

In recent years, the largest increase in wages in the food industry and the financial sector: 6,8%... Also, specialists in information and cultural fields began to be appreciated more: at 3,9%.

Average salary by job title, in Canadian dollars.

Minimum wage

The minimum wage per hour in Canada is set regionally. The lowest wages are set in Saskatchewan, and the highest wages are in Toronto. The minimum that a person working in Canada can count on is $ 10.96 local dollars per hour.

Depending on the province, the minimum wage is (in Canadian dollars):

• Alberta - 13,6$ (from October 2018 upgraded to 15$);
• British Columbia - 11,35$ (from June 2018 upgraded to 13,85$, and by 2021 it will reach 15,20$).
• Manitoba - 11,15$ (from October 2018 - 11,35$);
• New Brunswick - 11,25$ (since April 2018);
• Newfoundland and Labrador - 11,15$ (since April 2018);
• Northwest Territories - 13,46$ (since April 2018);
• Nova Scotia - 11$ (increased depending on the price index);
• Ontario - 14$ (from January 2019 increased to $ 15 per hour);
• Prince Edward Island - 11,55$ (since April 2018);
• Quebec - 12$ (since May 2018);
• Saskatchewan - 10,96$ (indexed every October);
• Yukon - 11,51$ (indexed every April).

Average salary in Canada

The average salary in Canada, according to the latest statistics, for 2021 is C $ 51,000 / year or C $ 4,250 / month... This indicator is not absolute, since wages in different industries differ several times, but it gives an approximate idea of ​​the standard of living and the value of labor in the country.

The average salary has grown steadily over the past few years, and in 2021 increased by 3,1% and outstrips inflation.

Gender influences wages - men earn $ 4 more per hour than women. For a month, the difference will be more than 500$. Employees under 25 are paid on average 16$ at one o'clock. Employees aged 25 to 54 receive 29$ per hour, and after 55 years - 28$.

Part-time wages are approximately 18,5$ per working hour.

Average starting salary

The starting salary for Canadian professionals is highly dependent on education. Bachelors and masters with degrees even in less-monetary areas earn much more than their peers without higher education.

• Bachelors in their first year of employment receive on average 45 200$ (or 3766$ per month). For 8 years, this indicator grows by 66% – up to $ 74,900 per year ($ 6200 per month).
• Masters already at the beginning of their careers can count on a salary in 60 000$ in year (5000$ per month).
• Doctoral holders - on 65 000$ in year (5400 $ per month).
• College graduates receive, on average, 35 000$ in year (2916 $ per month).
• Employees without education at starting positions earn only $ 25,000 ($ 2080 per month).

The starting salary also depends on the area of ​​work. Doctors and dentists are in the most advantageous position - 90000$ in year.

Formally, the same rules apply for foreign citizens as for Canadians. But finding a qualified job with a Russian diploma will not be easy - most likely, you will need to undergo retraining and training.

Russian citizens who have graduated from Canadian higher education institutions can immediately find a job with decent pay. There are programs to attract specialists in the country, within the framework of which graduates with any passports are employed.

Maximum salary in Canada

High salaries in the country for doctors, including family and dentists. On job sites you can find offers with salaries in 375 000$ in year. Federal judges receive up to $ 400,000.

Lawyers and partners in law firms make money up to $ 150,000 in year. Highly paid engineers - 180 000$.

Salaries for unskilled labor are naturally much lower. For example, the best offer for a waitress is 27 000$ in year. Few succeed in reaching the top marks, but an above average salary is a feasible goal for hardworking workers.

Labor remuneration by city and region

According to 2021, the highest average salary is in the province of Alberta. Canadians earn the least in a small area of ​​Prince Edward Island.

Statistics by region, in Canadian dollars:

• Alberta - 59 384$ in year (4984 $ per month);
• Newfoundland and Labrador - 53 820$ in year (4485 $ per month);
• Saskatchewan - 52 728$ in year (4394 $ per month);
• Ontario - 52 260$ in year (4355 $ per month);
• British Columbia - 49 244$ in year (4103 $ per month);
• Manitoba - 47 632$ in year (3946 $ per month);
• Quebec - 47 320$ in year (3943 $ per month);
• New Brunswick - 46 664$ in year (3888 $ per month);
• Nova Scotia - 45 292$ in year (3774 $ per month);
• Prince Edward Island - 42 380$ in year (3531 $ per year).

Tax

All people working in Canada are required to pay federal and state taxes. These contributions significantly reduce real wages, but ensure a high level of health care, social work and quality of life.

Income tax

Federal income tax is calculated at a progressive rate based on total annual income:

• From 11 300 to 45 900 $ — 15%;
• From $ 45,900 to $ 92,000 — 20.5%;
• From 92,000 to 142,300 $ — 26%;
• From 142 300 to 202 800 $ — 29%
• From 202 800 $ — 33%.

In addition to the federal tax, a regional income tax is levied, which is set at the provincial level, but cannot exceed government fees.

• Newfoundland and Labrador - from 8.7% to 18.3%;
• Prince Edward Island - from 9.8% to 16.7%;
• Nova Scotia - from 8.79% to 21%;
• New Brunswick - from 9.68% to 20.3%;
• Quebec - from 15% to 25.75%;
• Ontario - from 5.05% to 13.6%;
• Manitoba - from 10.8% to 17.4%;
• Saskatchewan - from 10.5% to 14.5%;
• Alberta - from 10% to 15%;
• British Columbia - from 5.06% to 16.8%;
• Yukon - from 6.4% to 15%;
• Northwest Territories - from 5.9% to 14.05%.
• Nunavut - from 4% to 11.5%.

Social contributions

In addition to income tax, pension and insurance contributions are paid. The first is 4,95% from the employee (the employer pays the same amount). Second - 1,63% from the employee (from the employer - to 40% more).The pension contribution is not charged on income below $ 3,500 per year.

Average monthly expenses

The biggest expense item is property rentals. In large cities, it is unlikely that you will be able to find an apartment cheaper. 1200 $ per month... You will have to spend more on electricity, mobile communications, and the Internet 100$.

Compulsory medical insurance will cost 75$ per month. It takes about 400$... Entertainment is an optional item, but if you want to unwind, you need to cross out more from the budget. 200$.

Total average monthly spending in Toronto or another big city will be about 2000$... It is better to foresee unforeseen circumstances and allocate more 200–300$... The average salary in low-paid areas is enough for a living, but end-to-end. Skilled workers and employees with industry education can save money.

Unemployment Rate and Prospects for Migrants

The country has a low unemployment rate - 5,8%... This indicator shows a positive trend: in the spring of 2019 it was more than 7%... Canadians rarely overwork and stay overtime: only 4% employees take extra hours of work.

Canada actively attracts foreigners who have a positive impact on economic dynamics. To this end, the government has approved several programs that have been in operation for decades. Immigrants who meet the basic requirements (knowledge of the language and a profession in demand) are provided with support during the first time after arrival.

Although the requirements have tightened in recent years, Canada remains one of the most attractive countries to relocate to. Earning an average salary, you can make savings, despite high taxes and high prices for a number of goods.