Average Income Of Middle Class Family In Canada

Who is canada s middle class.

Average income of middle class family in canada. The organization for economic co operation and development oecd defines a member of the middle class as anyone who earns between 75 per cent and 200 per cent of median household income after tax. This income range spans substantial differences in standards of living and levels of economic security. So a broad definition of the middle class in canada and bc would include those with family incomes between 40 000 and 125 000. As of 2015 when the census data was collected it took a household income of over 91 000 just to make it into the very bottom of fort mcmurray s middle class.

Cbc news top www cbc ca the organization for economic co operation and development oecd defines a member of the middle class as anyone who earns between 75 per cent and 200 per cent of median household income. With growing income inequality it s becoming harder and harder to think of a unified middle class experience. According to a recent report by fong and partners inc the middle class lifestyle was common and available to many people 30 years ago but today is only available to the top 10 economic class. For a single person in toronto victor fong told daily hive that the individual would need to make a gross salary of 102 000 or an after tax income of about 74 000.

Balcer via wikimedia commons. The benefits of this middle class tax cut are magnified for low and middle income families with children when the new tax free canada child benefit is taken into account. A middle class family of two or more earns between 61 929 and 88 074 per year while a free and easy single only needs to earn between 23 357 and 36 859 to be considered part of that social.