Canadians’ Adjusted Median Income Has Fallen, Young Families Most Impacted: StatCan

Canadians’ Adjusted Median Income Has Fallen, Young Families Most Impacted: StatCan
People make their way along Sparks Street in downtown Ottawa on June 18, 2024. The Canadian Press/Sean Kilpatrick
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The median family income has seen a year-over-year decrease in all parts of Canada due to inflation, according to numbers from Statistics Canada.

In 2022, after-tax income was $60,800, according to data released on Aug. 19. While that was a 2.5 percent increase from 2021, when including the annual inflation of 6.8 percent, after-tax income was 4 percent lower than the previous year.