Highlights: Canada's median salary rises to $45,380, recording an all-time high in 40 years
- The average annual salary in Canada shot up to $45,380.
- The rise in Canada’s median wage recorded the highest in 40 years
- British Columbia tops the list of provinces that reported the fastest wage growth of 11.8%
- Quebec reported a wage growth rate of 7%, followed by Yukon, which had a 6.7% growth rate in wages.
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Increase in annual median wages
Canada's annual median wages rose 6.8% in 2022. Recent reports by tax filers revealed that median salaries increased to $45,380, the highest in 40 years.
Employment rose in specific sectors, including the arts, entertainment and recreation, and accommodation and food services. The arts and entertainment sector reported an increased employment rate of 1.6%, while the employment rate in the food and accommodation services shot up to 7.1% in 2022.
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Rapid wage growth across provinces in Canada
The average annual wage and commissions increased from the figures reported in 2019. Some of the reasons behind the increase include low inflation and relatively strong wage growth.
The table below shows the wage growth rate in some of the Canadian provinces:
|
Province |
Wage Growth Rate |
|
11.8% |
|
|
7% |
|
|
6.7% |
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Steps to Apply for a Canada Work Permit
You can apply for the Canada Work Permit by following the steps listed below:
Step 1: Check your eligibility with the Y-Axis Canada CRS Score Calculator
Step 2: Get your ECA
Step 3: Make a checklist of the required documents for Canada Work Permit
Step 4: Apply for the work permit
Step 5: Migrate and work in Canada
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