Average Salary in Canada 2024

Are you curious about salary trends in Canada? This article offers valuable insights into the country's pay scale, wage gap, salary yearly increments, and breakdown based on education level or years of experience. Discover how salaries differ across various industries and professions, and gain a comprehensive understanding of compensation in Canada. Stay informed to make informed decisions regarding your career and financial goals.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Canada in 2024?

What is the average salary in Canada in 2024?
60,600USD
(USD 5,100 monthly)
Low 27,300 USD
Average 60,600 USD
High 267,000 USD
In Canada, the average salary is USD 60,600 per year. However, salaries can range from USD 27,300 (lowest average) to USD 267,000 (highest average, actual maximum salary is higher). Keep in mind that these salaries include housing, transport, and other benefits. Careers can have vastly different salary ranges. For specific job titles and their corresponding salaries, please refer below.
In comparison with average salary in Canada in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. The full comparison between 2023 and 2024 will be available by the year's end.

Pay Scale and Salaries in Canada

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 267,000, 75% of the people earn USD 83,600 or less. 50% employees earn less USD 58,600 or less, 25% of the employees earn less than USD 43,900.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 267,000, 75% of the people earn USD 83,600 or less. 50% employees earn less USD 58,600 or less, 25% of the employees earn less than USD 43,900.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Canada the minimum salary is USD 27,300.

Median Salary

The median salary in Canada tends to reflect the middle point of all salaries in a dataset, with half of the values above and half below it. This indicator offers a more balanced outlook on income distribution and is frequently used to assess average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Canada the salary ranges from USD 27,300 to USD 267,000.

Annual Salary Increments in Canada

What is the average annual salary increment in the Canada? How frequently do employees receive salary raises?

Employees in Canada experienced an average salary increase of 0.7% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Canada witnessed an average salary growth of 0.7%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Canada

Employees in Canada received in recent years salary increase from -1.1% to 5.7% on average per year. It means 2.6% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
On average, employees in Canada experienced a salary increase ranging from -1.1% to 5.7% per year in recent years. This translates to an average increment of 2.6% per year.

Salary Forecast and Trends for the Future in Canada

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.1%. Estimated range is between 2.3% and 6.3%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.1%. Estimated range is between 2.3% and 6.3%.

Gender Wage Gap in Canada

What is the difference in pay between mens and womens? Men vs. women salary comparison.

In terms of wage disparity, Canada experiences 17.1%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay disparity in Canada is 17.1%.
It's due to many factors, such as:
  • Gender disparity.
  • On an average, women take 10% more days of paid leave compared to men annually.
  • A college degree is more frequently attained by men than women.
  • Men are less likely than women to assume caregiving responsibilities for children and elderly relatives.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • In comparison to men, women are more likely to work in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. Besides financial benefits, pursuing a bachelor's degree fosters personal growth, sharpens critical thinking abilities, and enables specialization in a chosen field. It also provides valuable networking prospects and facilitates the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a life-altering path that opens doors to a more satisfying and successful future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of nearly 7%-11%. Expertise and leadership secure higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 7%-11%. Expertise and leadership yield higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Canada

What is the average hourly wage in the Canada?

Average Hourly Wage
30USD
Low 13 USD
Average 30 USD
High 131 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: It can be challenging to budget and plan for expenses when the income from hourly wages is irregular or fluctuating.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks normally attributed to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Within the organization, a few hourly jobs may present limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Canada

What are the best paying jobs in Canada?

List with best paid jobs in CanadaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Canada?

  1. Surgeon (USD 264,000)
  2. Doctor (USD 238,400)
  3. Chief Executive Officer (CEO) (USD 227,100)
  4. Registered Nurse Anesthetist (USD 221,700)
  5. Dentist (USD 212,100)
  6. Airline Pilot (USD 204,900)
  7. Intellectual Property Lawyer (USD 197,700)
  8. Marketing Manager (USD 174,800)
  9. Marketing Director (USD 174,800)
  10. Sales Director (USD 164,400)
  11. Sales Manager (USD 164,400)
  12. Petroleum Engineer (USD 162,900)
  13. Brand Manager (USD 159,200)
  14. Marketer (USD 159,200)
  15. Judge (USD 156,900)
  16. Treasurer (USD 154,500)
  17. Controller (USD 154,500)
  18. Pharmacist (USD 150,800)
  19. Tax Lawyer (USD 148,700)
  20. Lawyer (USD 148,700)
List with worst paid jobs in CanadaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Canada?

  1. Cashier (USD 28,500)
  2. Childcare Worker (USD 29,900)
  3. Stock clerk (USD 30,400)
  4. Elder Care Worker (USD 30,500)
  5. Receptionist (USD 31,700)
  6. Bartender (USD 34,400)
  7. Food and beverage server (USD 34,700)
  8. Janitor (USD 34,800)
  9. Waiter (USD 35,400)
  10. Tour Guide (USD 35,700)
  11. Customer Service Representative (USD 42,900)
  12. Hotel Concierge (USD 43,500)
  13. Rehabilitation Counselor (USD 44,000)
  14. Travel Agent (USD 47,700)
  15. Secretary (USD 49,200)
  16. Painter (USD 50,800)
  17. Carpenter (USD 52,600)
  18. Bus Driver (USD 53,800)
  19. Artist (USD 54,200)
  20. Truck Driver (USD 55,300)
List with best paid industries in CanadaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 168,600)
  2. Business and Management (USD 143,400)
  3. Marketing and Sales (USD 131,900)
  4. Engineering (USD 121,600)
  5. Law (USD 115,500)
  6. Accounting and Finance (USD 114,300)
  7. Computer and Information Technology (USD 112,100)
  8. Transportation and Logistics (USD 109,200)
  9. Science (USD 108,500)
  10. Education and Training (USD 89,800)
  11. Other (USD 66,600)
  12. Hospitality and Tourism (USD 55,800)
  13. Social Services (USD 45,700)
  14. Services (USD 41,700)