(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

NDP Leader Rachel Notley stops in Red Deer on campaign trail

Notley promises hospital expansion, cath lab, pipelines and energy industry expansion

Lacombe’s CACHS Knights girls come up just short at Provincials

Cold shooting second half prevents Lacombe girls from medal round

Lacombe athletes compete at largest North American cheer event

25,000 athletes were in Dallas in late February

Blackfalds advises residents to watch for spring thaw conditions

Public Works crews are attending to those services affected

WATCH: ‘Napalm Girl’ discusses journey from hatred to forgiveness in Lacombe

Burman University’s Herr Lecture Series welcomed Kim Phuc Phan Thi to Lacombe

Sundre RCMP looking for 4 missing bison

A Sundre bison rancher is missing four bison from January and RCMP ask for help from the public

Targeted methane emission cut rules estimated to save billions, says CERI study

Federal government has proposed regulations for methane emission reductions from oil and gas sector

Celina Caesar-Chavannes quits Liberal caucus, sits as independent MP

The Whitby, Ont., MP has been a vocal supporter of Jody Wilson-Raybould and Jane Philpott

Politicians hitting the road for votes in Alberta election campaign

NDP Leader Rachel Notley and United Conservative Leader Jason Kenney have officially launched campaigns

Calgary woman convicted in son’s strep death seeking full parole

The trial heard that Ryan was dead well before his mother called 911 to say he had stopped breathing

Starbucks to test recyclable cups, redesign stores in B.C., U.S. cities

The company also said it plans to redesign its stores as it adapts to increasing mobile pick-up and delivery orders

In pre-election budget, Liberals boost infrastructure cash to cities, broadband

The budget document says the Liberals have approved more than 33,000 projects, worth about $19.9 billion in federal financing

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

Most Read