Arab Today, arab today canadian family income stagnant for fourth year
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Canadian family income stagnant for fourth year

Arab Today, arab today

Arab Today, arab today Canadian family income stagnant for fourth year

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Latest figures released on Thursday show that the median income of Canadian families stay stagnant for the fourth consecutive year. According to Statistics Canada, median after-tax income for Canadian families of two or more people was 68,000 Canadian dollars in 2011. \"This was the fourth consecutive year without significant change in after-tax income,\" said the agency. Although two-parent families with children saw their median after-tax income rise from 81,100 Canadian dollars in 2010 to 83,600 Canadian dollars in 2011, there was no significant change for other family types, Statistics Canada said. The median after-tax income for non-senior families was 73,300 Canadian dollars in 2011, while for senior families it was 49,300 Canadian dollars. For the unattached, median after-tax income was 25,800 Canadian dollars in 2011. According to the after-tax low income cut-offs, 3 million Canadians, or 8.8 percent of the population, lived in low income in 2011, comparing with 3.4 million Canadians, or 11.2 percent of the population in 2001. Among all the provinces and territories, families in Alberta had the highest median after-tax income (83,800 Canadian dollars), followed by Saskatchewan (75,000), Ontario (70,400) and British Columbia (69,700). (1 U.S. dollar = 1.0527 Canadian dollars)

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