Summary Employment / Jobs Income Statistics by selected family types Income statistics by after-tax income decile, economic families and persons not in an economic family, 2014 Pension Income Middle Income CPP Enhancement Household Spending Issues Key Comments Other Sources

1. Income Analysis Canada –
2014
By: Paul Young, CPA, CGA
July 8, 2016

2. Disclaimer
• This presentation is on view of the income for Canada

3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

4. Agenda
• Summary
• Employment / Jobs
• Income Statistics by selected family types
• Income statistics by after-tax income decile, economic families and persons not in an
economic family, 2014
• Pension Income
• Middle Income
• CPP Enhancement
• Household Spending
• Issues
• Key Comments
• Other Sources

5. Pensions Income

6. Summary
• The median after-tax income of Canadian economic families and
persons not in an economic family was $55,600 in 2014, up 2.6%
from 2013.
• The median after-tax income of economic families of two or more
people rose 2.4% from 2013 to $75,700 in 2014, while for persons not
in an economic family, the median was virtually unchanged, at
$29,100.

7. Employment / jobs
• Goods Producing account for
1/3 of GDP
• Service sector 225K jobs while
the goods producing will lose
121K jobs

8. Income Statistics by selected family types

9. Income statistics by after-tax income decile,
economic families and persons not in an economic
family, 2014

10. Middle Income
• In 2014, 20.6 million people had
employment income, up 1.8% from 2013.
Alberta recorded the largest increase at
4.7%, followed by British Columbia
(+2.9%).
• Median employment income for all
workers was $32,800 in 2014, unchanged
from 2013. Alberta had the highest
median employment income at $41,000,
virtually unchanged from the previous
year. Newfoundland and Labrador (+6.0%)
and Saskatchewan (+5.8%) registered the
largest gains in median employment
income compared with 2013.
• total of 11.8 million people worked both
full year and full time in 2014, an increase
of 2.9% from 2013. Median employment
income for these workers was $50,400 in
2014. Alberta ($61,800) and
Newfoundland and Labrador ($53,600)
posted the highest median employment
income for full-year full-time workers in
2014

11. CPP Enhancement

12. Household Spending - • Canadian households spent an average of $59,057 on
goods and services in 2014, little changed from
$58,576 in 2013.
• Spending on shelter accounted for 29.1% of this total
up from 27.9% a year earlier. Transportation (20.1%)
and food (13.7%) accounted for virtually the same
shares of consumption as in 2013.
• Provincially, households in Alberta reported the highe
average spending on goods and services at $71,211,
followed by households in Saskatchewan ($62,287),
Ontario ($61,660) and British Columbia ($60,931).
Households in Quebec reported the lowest average
spending at $50,664. On average, couples with childr
spent $83,440 on goods and services in 2014. One-
person households headed by a senior aged 65 years
and older reported the lowest average spending of al
household types at $26,937.

13. Issues facing
• Sluggish Economy
• High Hydro Rates
• Carbon Tax/Pricing
• Hikes to PST
• Hikes to Corporate Taxation
• Hikes to CPP
• Housing prices
• Wage growth

14. Key Comments:
• Prime Minister Justin Trudeau says despite some missteps, the Liberals rallied
to make progress in advancing their agenda to help the middle class during the
first seven months in power.
• "Along with the middle-class tax cut, and the Canada child benefit, this week's
CPP agreement represents real progress on our mandate," Trudeau said during
a news conference in Ottawa on Wednesday
• Fact 1 - Source – Globe & Mail - The in-depth report published today in The New York
Times, which looks at about 20 nations, indicates that Canadians have bumped Americans
out of the top spot they have long held.
• Fact 2 – Source – CNN - https://www.youtube.com/watch?v=xqLDHQ-iJU8 - America's
Middle Class No Longer #1
• Fact 3 – Source – CKNW - Overall, the list has Canada at #2, behind Germany. But when it
comes to quality of life, we’re number one.

15. Other sources:
• Scandinavia / Canada -
http://www.slideshare.net/paulyoungcga/scandinavia-vs-canada-
analysis-of-social-and-economic-policies
• Middle Class - http://www.slideshare.net/paulyoungcga/government-
policy-for-middle-class-for-canada-june-28-2016
• Pensions - http://www.slideshare.net/paulyoungcga/pensions-for-
canada-analysis-june-17-2016
• Employment - http://www.slideshare.net/paulyoungcga/employment-
and-job-creation-for-canada-june-2016
• http://www.slideshare.net/paulyoungcga/policies-wage-stagnation-
canada