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Four major cities in Ontario witness an increase in individual income

Four major cities in Ontario witness an increase in individual income

By عبد السلام

Published: July 14, 2022

The latest Canadian census data revealed the average after-tax household income for people living in four major cities in Ontario

That the average after-tax income increased between 2015 and 2020 in four major cities, including Toronto, Ottawa Gatineau, Hamilton, and London.

Toronto leads the group with an average household income of $85,000 in 2020. The latest figure is a jump from $74,500 reported in 2015.

The data showed that Ottawa Gatineau has the second highest average after-tax household income, which is $84,000. Ottawa had the highest figure in 2015 at $75,500.

The third highest average income reported for 2020 was in Hamilton at $80,000, followed by London at $71,000, with both cities recording an income jump of about $10,000 from 2015.

The data found that the percentage of Canadians receiving employment income decreased in most provinces and territories, but some provinces and territories, including Ontario, reported a higher average employment income in 2020, as low-income jobs disappeared due to the pandemic.

The data reported that while fewer Canadians earned income from work in 2020, especially women, low-income earners, and older workers, the benefits from COVID-19 income supported losses in employment income among low-wage earners.

The census data also reported that income inequality decreased in all provinces since 2015, but remained highest in Nunavut, Ontario, and Alberta.

The data found that cities with the highest income disparity included Toronto, Vancouver, and Calgary

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