Income In Canada

How much are people making in Canada? How does your income stack up? Let’s go over some numbers on the average and median income for both individuals and households in Canada to understand how income varies across Canada.

The Canada Income Survey (CIS) was released on May 1, 2025 which has the most up to date income data on Canadians.

Average Income

In 2023 the average total income (before tax) was $111,300. When looking at the total income of individuals the average is $56,100. This average increases for households who has a total average income of $146,600 in 2023.

Median Income

The median income in Canada which represents the middle value was lower vs. the average income. This is often due to the average income skewed by high income earners. The median total icnome in Canada was $84,400 in 2023. For individuals the median income was $44,200 and the income for households was $121,000.

Geography plays a major role when looking at income. For example, let’s look at the median income for Toronto, Ontario. The median total income is $94,100 which is higher than Canada’s median as a whole. For households in Toronto the median total income is $131,900 and for individuals $44,900.

How many Canadians make $100,000 or more a year?

What does it take to reach the six-figure mark for employement income and just how common is it in Canada? The most recent Canada Income Survey (CIS) released on May 1, 2025 shows these statistics with the most recent year of 2023 as there is often time between when the data is collected and then reported.

In 2023 15.5% of all persons with employement income earned $100,000 or more in the year. There were a total of 23.22 million people included in the total population. This is an increase slightly over the previous year which had 15.2% making over $100,000 in 2022.

This chart breaks down the percentage of persons with employment income over $100,000 for the past five years in addition to showing the average employement income in each year (expressed in 2023 dollars):