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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.
Income of middle class in canada. Who is canada s middle class. In a major expensive urban centre like vancouver or toronto it would be a range of 110 000 to 180 000. Answered february 26 2020 author has 4 2k answers and 1 9m answer views in rural or small outlier cities in canada a family income in the range of 85 000 to 130 000 puts you in the middle 60 band. Of population by income class 2016 or latest available year la classe moyenne au canada 58 est légèrement inférieure à la moyenne des pays de l ocdelower income 50 75 of median de la population par catégorie de revenus 2016 ou année la plus récente source.
For a traditional middle class lifestyle which takes into account two spouses and a child ability to finance their child s education home and car ownership and retirement savings this would require 123 388 per year after income tax. So a broad definition of the middle class in canada and bc would include those with family incomes between 40 000 and 125 000. In places like ottawa and regina for example median incomes weigh in at over 80 000 well above the national median but to overshoot the middle class you need roughly 155 000 and 151 000. For instance middle class household incomes in p e i nova scotia quebec and several other provinces are well below the national average of 66 397 as bright lights big incomes to the right.
The squeezed middle class figure 2 1 68 figure 2. 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. This income range spans substantial differences in standards of living and levels of economic security.
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