Average Salary in Canada 2024
The Canadian economy is one of the most rapidly growing economies in the world. The Canadian Economy is considered an integral part of the world economy. Skilled workers want to migrate to Canada due to its high average salary, high standard of living, and better career opportunities.
If you are a skilled worker and want to know more about the Average Salary in Canada, then in this article, we will provide every detail about the Average Salary in Canada. But, before going further, let us give you an overview of the Average salary in Canada in 2024, the importance of understanding the salary trends in Canada, and factors affecting the average earnings in Canada.
Average Salary in Canada — An Overview
Full-time workers in Canada earn an average salary of $63,013 per year and $1,211 per week. Canadian citizens have experienced a 4% growth in earnings. This salary increase draws foreign skilled workers to migrate to Canada.
Importance of Understanding the Salary Trends in Canada in 2024
Understanding salary trends in Canada enables you to:
- Helps in Decision Making
The current salary trends help the candidate in decision-making. If that candidate is thinking about a career change, salary criteria for a new job, or wants to stimulate career growth, understanding the salary trends will help you to make these decisions more accurately.
- Employee Satisfaction
Understanding the salary trends helps the employer find areas where adjustment is needed to provide fair remuneration to Employees because fair compensation increases job satisfaction and employee loyalty.
- Cost Management
Understanding the Salary trends in Canada helps businesses in budget and cost management.
Factors Affecting the Average Salary in Canada in 2024
The following are some factors affecting the average salary in Canada in 2024.
- Education Level
Educational qualification and expertise in a particular field affect the average salary of an individual in Canada.
- Type of Work
The type of work also affects the average salary in Canada in 2024. For example, part-time employees earn comparatively less than full-time workers.
- Location
The job location in Canada also affects the average salary in Canada.
- Economic Factors
Significant factors affecting Canada’s average salaries also include economic factors such as the Demand and Supply for certain professions, inflation, government regulations and policies, and others.
- Labor union
The bargaining strength of labor unions also affects the average salaries in Canada.
The Average Salary in Each Province of Canada
The following information illustrates the average salary in each province of Canada.
- Nunavut
Nunavut is a province of Canada where the average salary is $85,222.
- Northwest Territories
The Northwest Territories is another province of Canada where the average salary is $84,182.
- Alberta
Alberta is one of the famous provinces of Canada, where the average salary is $67,153.
- Yukon
The Yukon is a Province of Canada where the average salary is $72,794.
- Ontario
Ontario is a province of Canada where the average salary is $52,083.
- Newfoundland and Labrador
Newfoundland and Labrador is a province of Canada where the average salary is $63,936.
- Saskatchewan
Saskatchewan is also one of the famous provinces in Canada, where the average salary is $60,886.
- British Columbia
British Columbia is a province in Canada where the average salary is $63,980.
- Quebec
Quebec is one of the most famous provinces in Canada, where the average salary is $60,689.
- Manitoba
Manitoba is also a province in Canada where the average salary is $58,010.
- New Brunswick
New Brunswick is also a province in Canada where the average salary is $58,080.
- Nova Scotia
Nova Scotia is also a province in Canada where the average salary is $56,374.
- Prince Edward Island
Prince Edward Island is also a province in Canada where the average salary is $54,969.
Average Salary in Canada’s Different Job Sectors
The following information illustrates the average salary in Canada’s different job sectors.
- Agriculture
The agricultural job sector is an essential contributor to the economy because it provides the raw materials. Jobs in this sector are in high demand, and the average salary reaches $45,695.
- Forestry and related fields
Forestry and jobs in related fields are also in demand in Canada. The average salary in this field is $91,197.
- Construction
Canada’s construction sector is highly sought after due to its significant contribution to infrastructural development, resulting in an average salary of $68,225
- Manufacturing
The Manufacturing sector is also in huge demand in Canada. The average salary in this sector is $63,742.
- Real Estate and Related fields
Real estate and related fields are in huge demand in Canada. The average salary for this is $78,749.
- Professional, Scientific, and Technical services
Professional Scientific and Technical Services are also in huge demand in Canada. Therefore, this field offers comparatively high salaries to its employees, with an average salary of $85,117.
- Educational Services
In every country, there is a high demand for skilled professionals in this field, making Canada an attractive destination with an average salary of $74,478 to offer them.
- Public Administration
Canada considers public administration a crucial field in shaping society and provides a high average salary of $81,981 due to its significance.
- Information and related fields
The average salary under this is $60,105.
- Transportation and Warehousing
The average salary in this field is $61,760.
Conclusion
In this article, we provide every necessary detail about the thriving Canadian economy, which attracts skilled workers with its high salaries, high standard of living, and better career opportunities.
In Canada, Full-time workers earn an average of $63,013 per year and $1,211 per week, with a 4% growth in earnings. In addition, we give candidates access to information on aspects that affect salary, like labor union bargaining power, work type, locality, and education level, and how understanding salary trends can help in decision-making. Canada’s job sectors include agriculture, forestry, construction, manufacturing, real estate, and more offer a high average salary in Canada.