Statistics Canada: Median After-Tax Income Remained Stable in 2023

Statistics Canada reports that the median after-tax income for Canadian families and unattached individuals was $68,400 in 2023. This amount was similar to the figure reported for 2022.

The agency states that the official poverty rate for Canada in 2023 was 9.9%. Statistics Canada uses the Market Basket Measure as the official poverty line for these calculations.

The findings are based on the annual Canadian Income Survey conducted by Statistics Canada. No significant change in median after-tax income or poverty rate was recorded from 2022 to 2023, according to the data provided.