How do clients’ incomes compare?

Ever wonder how your clients’ incomes compare to other Canadians?

MoneySense’s annual wealth test breaks down the population’s paycheques.

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A single person making more than $55,499 is in the top 20% of earners in Canada, but for a family of two or more, that same figure would make you in the bottom 40% of incomes in the country.

Typical income also depends on your gender and where you live. Men aged 45 to 54 earn an average of $23,600 more than women of the same age, finds MoneySense.

The median Ontario income is $72,111, while in in Alberta it’s $81,663, and in PEI it’s $56,895.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.