(Black Press Media files)

Higher wages, child benefit increases leaving more money in Canadians’ pockets

Fewer Canadians were below the poverty line in 2017 than 2016, Statistics Canada said

When’s the last time you got a raise?

Figures released Tuesday by Statistics Canada show it may have been in 2017, when median after-tax incomes across the country rose by 3.3 per cent to $59,800, after being stagnant for two years.

Of all provinces, B.C. had the biggest hike in after-tax income, with a 7.6 per cent increase from $57,700 in 2016 t0 $62,100 2017.

The agency attributed the increase to a mix of higher wages along with a bump in child benefit amounts brought in by the federal Liberals.

READ MORE: Can the Liberals take all the credit for economic and jobs gains?

Wages themselves rose by 2.7 percent from 2016 to $92,400 in 2017.

The slight hike in income was matched by a drop in the number of Canadians living below the poverty line.

That number fell from 10.6 per cent in in 2016 to 9.5 per cent, or 3.4 million Canadians, in 2017.

Single-parent families saw the biggest decrease in poverty in 2017, with a drop from 29.2 per cent to 22.7 per cent.

The agency said drop was a continuation of a five year trend, and was linked to increases in child benefits amounts.

READ MORE: Employers to raise salaries 2.6% on average next year, says report

READ MORE: Canadians feeling more stress at work than 5 years ago, says poll


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

EpilepsyQuesnel continues fundraiser for Seizure Investigation Unit

Funds raised this March will go toward improving equipment for two seizure investigation beds at VGH

Correlieu Men win team trophy at provincial gymnastics meet

First-timer Darryl Lacoste wowed his coaches with big-time performance

Provincial government needs to fund search and rescue: CRD

CRD board wants NCLGA resolution calling on the province to ensure secured funding is in place for SAR groups

Quesnel to participate in regional entrepreneur immigration program

The program provides a pathway for entrepreneurial immigrants to BC’s smaller communities

Quesnel and Williams Lake under air quality advisory

Dust and overall air quality prompts Environment Canada to issue statement

Protective human chain forms around Victoria mosque for Friday prayer

Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

Judge Inez Cardinal told court in Melfort, Sask., that Sidhu’s remorse and guilty plea were mitigating factors

Boy who went missing from park remains largest probe in Victoria police history

The four-year old Victoria boy went missing without a trace on March 24, 1991

WestJet sticking with Boeing 737 Max once planes certified to fly

WestJet had expected to add two more of the planes this year to increase its fleet to 13

B.C. driver caught going 207 km/h on motorcycle along Okanagan Highway

A motorcyclist was caught by Kelowna RCMP going 207 km/h on Highway 97C

Protective human chain forms around B.C. mosque for Friday prayer

Vancouver Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

B.C. fire department offers tips to keep your home safe during wildfire season

With wildfire season getting closer, the Penticton Fire Dept. offer tips to keep your home safe

Fierce house cat spotted as ‘aggressor’ in face off with coyote in B.C. backyard

North Vancouver resident Norm Lee captures orange cat versus coyote in backyard showdown

Wilson-Raybould to reveal more details, documents on SNC-Lavalin affair

Former attorney general has written to the House of Commons justice committee

Most Read