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Posted on April 18 2024

A 40-year high! Canada’s median salary soars to $45,380

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By  Editor
Updated April 18 2024

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Highlights: Increase in Canada’s median salary!

  • In 2022, Canada’s median salary increased to $45,380.
  • This was the highest increase in the last 40 years.
  • Median annual wages increased in arts, accommodation and food services, entertainment, and recreation.
  • Salary increases were seen more in provinces like Nunavut, Quebec, and New Brunswick.

 

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Highest inflation rate in 40 years

Canada’s median salary increased to $45,380 in 2022, the highest increase in the last 40 years. The arts, entertainment, and recreation sectors and the accommodation and food services sectors contributed to high annual wages. In 2022, median annual wages increased in a few provinces and territories. The wage growth was fastest in British Columbia, Quebec, and Yukon.

 

*Willing to work in Canada? Let Y-Axis help you with all the steps!

 

Higher wages in different provinces

Annual wages in different provinces are listed below:

Provinces

Growth Rate

British Columbia

11.80%

Quebec 

7.00%

 Yukon

6.70%

 

Higher wages in different sectors

Median annual wages within each sector:

Sectors

Growth Rate

Arts, Entertainment, and recreation

+13.8%

Accommodation and food services

+11.9%

 

Canada Work Permit Requirements

  • Below 45 years of age
  • Skilled work experience in a NOC category of TEER Level 0, 1, 2, or 3
  • Valid job offer in Canada
  • Employment contract
  • Copy of the LMIA
  • LMIA number

 

Looking to migrate to Canada? Sign up with the Y-Axis for immigration-related queries.

 

Canada Work Permit Process

  • Step 1: Choose the Right Program, such as the Express Entry system, Provincial Nominee Program (PNP), or specific streams like the Atlantic Immigration Pilot.
  • Step 2: Obtain a Job Offer from a Canadian employer.
  • Step 3: Gather all necessary documents, including identification, educational qualifications, proof of work experience, language proficiency test results, and a valid job offer letter.
  • Step 4: Apply for the type of work visa  
  • Step 5: Complete the online application form and submit all required documents.
  • Step 6: Provide Biometrics and wait for Processing.
  • Step 7: Receive the Canada Work Permit

 

*Are you looking for step-by-step assistance for Canada Immigration? Talk to Y-Axis, the leading Overseas Immigration Company.

For the latest updates on Canada Immigration, check the Y-Axis Canada Immigration News Page.

 

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