Average salary in Canada, minimum hourly rate and Canadian taxes

Canadians earn quite good money, but keep in mind that these figures are in Canadian dollars, not US dollars. Also, the amounts are before taxes.

People in Canada earn good money. This isn't a fairy tale, as some might think, but reality. However, there are two important points to keep in mind.

First, all amounts are in Canadian dollars, which means they're about a quarter less in US dollars. Second, these figures are before taxes.

In this YouTube video, I

discussed the minimum hourly wage in different Canadian provinces
shared the average official salary for Canadians aged 25 to 34
provided information about tax rates

It turned out to be very informative. Please share this video with your friends.

Minimum Wage by Province in 2025

As of 2025, the minimum wage in Canadian provinces is:

British Columbia: $17.85 per hour (from June 2025)
Federal minimum wage: $17.75 per hour (from April 2025)
Nunavut: $19.00 per hour (highest in the country)
Ontario: increasing to $16.50 from October 2025
Manitoba: increasing to $16.00 from October 2025
Newfoundland and Labrador: $16.00 from April 2025

Average Salaries in Canada

The average salary for Canadians aged 25 to 34 is about $46,900 per year as of 2024-2025. This is significantly higher than young workers aged 16-24, who earn an average of $17,300 per year, largely because many work part-time.

The overall average salary in Canada in 2024 reached $62,660 per year, which is about $30.13 per hour for a standard 40-hour work week. Weekly earnings rose to $1,252.85 by September 2024.

Taxes and Tax Rates

Regarding taxes, there were changes to tax rates in 2025. The lowest federal tax rate was reduced from 15% to 14.5% in 2025, with plans to further reduce it to 14% in 2026. The first $57,375 of income is taxed at the lowest rate, while the maximum federal rate of 33% applies to income over $253,414.