Canadian incomes went up in 2020 amid uptake of pandemic benefits: census data

By: The Canadian Press Posted: 8:00 AM CDT Wednesday, Jul. 13, 2022 Last Modified: 10:42 AM CDT Wednesday, Jul. 13, 2022

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OTTAWA - Canadian incomes trended higher in 2020 everywhere except in Alberta and Newfoundland and Labrador, as millions benefited from pandemic supports, according to new census data from Statistics Canada.

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Hey there, time traveller!
This article was published 13/07/2022 (1360 days ago), so information in it may no longer be current.

OTTAWA – Canadian incomes trended higher in 2020 everywhere except in Alberta and Newfoundland and Labrador, as millions benefited from pandemic supports, according to new census data from Statistics Canada.

The agency reports that median after-tax household income was $73,000 in 2020, up 9.8 per cent compared to its last national survey five years earlier, partly driven by the losses of lower-paying jobs.

Despite fewer Canadians receiving employment income during the pandemic, census data suggest job losses were partly offset by COVID-19 benefits as about two-thirds of Canadian adults received payments from relief programs.

The data show that Canadian incomes trended 9.8 per cent higher during the early pandemic than five years earlier, with Alberta and Newfoundland and Labrador seeing the only overall decreases.

The number of Canadians earning less than $20,000 grew by more than 415,000 as many lower-paid jobs disappeared.

But the low-income rate fell overall and the number of Canadians who reported no income shrank by nearly a million compared to 2019.

Experts had cautioned that the income data, which is based on Canada Revenue Agency tax and benefits records, would form a complicated picture of the early pandemic and should be seen as a snapshot in time.

This report by The Canadian Press was first published July 13, 2022.