Statistics Canada census release says single-family homes led by women saw the largest income increase.
The same was not true for all provinces. While Ontario, Quebec and B.C. all saw double-digit increases in after-tax income, Alberta and Newfoundland both saw declines in after-tax income of 4.6 and 1.3 per cent, respectively.
The government transfers and benefits made a significant difference to family households with children, which saw their median after-tax income increase by 10.5 per cent in 2020 compared to 2015, while couples without children saw an increase of 6.8 per cent over the same period. Seniors also saw the largest decline in median income, with the median income for Canadians over 65 declining 32.2 per cent for men and 23.8 per cent for women. The median income decline for men under 65 only fell by 2.7 per cent, while the median income for women under 65 only declined by 2.4 per cent.While after-tax income rose significantly in 2020 compared to 2015, income inequality declined across the country, with Alberta recording the largest decline, largely driven by pandemic benefits.
Larger urban centres demonstrated larger income inequality than smaller population centres, with Toronto, Calgary and Vancouver having the greatest inequality compared to Quebec City, Drummondville and Saguenay , which had the lowest.The impact of pandemic-support payments on median after-tax incomes was significant, Statistics Canada said, with 68.4 per cent, or 20.7 million adults, receiving support from a provincial or federal pandemic program, or a top-up to an existing program.
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