Canada. Median After-tax Income rose in 2007

Median after-tax income, adjusted for inflation, for families with two or more people rose 3.7% from 2006 to $61,800 in 2007. Significant growth was observed in seven provinces.

Median after-tax income for unattached individuals rose 3.9% from 2006 to $24,200 in 2007.

Since 2002, the year following the high-tech slowdown, the average annual growth of the median after-tax income for families was 1.8%. Over the same period, the average annual growth for unattached individuals was 1.4%.

Market income, that is, the sum of earnings from employment, investment income and private retirement income, was the main contributor to the increase in after-tax income. Median market income for families rose 3.0% from 2006 to $62,700 in 2007, while it increased 6.7% for unattached individuals to $20,600.

In 2007, Canadian families and unattached individuals saw little change in their median government transfers compared with 2006. Median government transfers among families amounted to $4,900. For unattached individuals, the median transfers were $700.

On the other hand, median income taxes paid by families amounted to $8,600 in 2007, down 6.5% from 2006. Median taxes were stable for unattached individuals at $2,200.

Canadians paid $16.70 in income taxes for each $100 of total income in 2007, down from $17.10 in 2006, as a result of the introduction of several changes to the tax system effective 2007. At the same time, growing market incomes meant that more tax filers found themselves in higher tax brackets.

In 2007, 3 million Canadians lived in a low-income situation, down by 400,000 from 2006. This represents 9.2% of the population, the lowest low-income rate since the current series began in 1976.

About 637,000 children aged 17 and under lived in low-income families in 2007, down more than 100,000 from 2006. The proportion of children in low-income families was 9.5% in 2007, about half its peak of 18% in 1996.

Children in female lone-parent families experienced among the largest declines in low-income rates in 2007. Their rate fell from 32% in 2006 to 27% in 2007, continuing a downward trend since the late 1990s.

In 2007, the 20% of families with the highest after-tax income had, on average, 5.4 times the after-tax income as those in the lowest 20%. This ratio was 5.6 in 2000.

Source:Statistics Canada, June 3, 2009

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