The latest data from the Canadian Census revealed the median after-tax household income of people living in four major Ontario cities.
Data released Wednesday revealed that median after-tax income increased between 2015 and 2020 in four major cities, including Toronto, Ottawa-Gatineau, Hamilton and London.
Toronto leads the list with a median household income of $85,000 in 2020. The latest figure is a jump from the $74,500 reported in 2015.
The data shows Ottawa-Gatineau has the second-highest median after-tax household income at $84,000. Ottawa had the highest figure in 2015 at $75,500.
The third highest median income for 2020 was reported in Hamilton at $80,000, followed by London at $71,000, with both cities reporting incomes that jumped by almost $10,000 from 2015.
The data shows that the share of Canadians receiving employment income declined in most provinces and territories, but some provinces and territories, including Ontario, reported higher average employment income in 2020 as jobs with more -low incomes have disappeared due to the pandemic.
The data report that while fewer Canadians received employment income in 2020, particularly women, lower income earners and older workers, the benefits of income support from COVID-19 offset employment income losses among low wage earners.
Census data also reported that income inequality has decreased in all provinces since 2015, but remains highest in Nunavut, Ontario and Alberta.
Cities with the highest income inequality include Toronto, Vancouver and Calgary, the data show.
Add Comment