Alberta living high off the hog

Many Albertans are aware that incomes tend to be higher here than in other provinces. But, according to a comprehensive measure of after-tax earnings, incomes here are not only higher, they are way ahead of all other provinces.

As of 2009 the Alberta median after-tax income for families of two or more people was the highest in the country at $77,800 per year. This is well above the Canadian average of $63,800 and compares to $69,900 in Saskatchewan, the province with the second highest family median income. In general, disposable income is higher in Western Canada and in Ontario than in Quebec and Atlantic Canada.

There are many different measures of earnings (such as average weekly wages) but when it comes to comparing overall disposable income, median after-tax family income is probably the best measure available. Unlike average weekly earnings, it includes income from sources other than wages (like investments) and takes account of taxes and government transfers like EI payments.

Alberta has led the country with the highest median after-tax income since 2004. After that, thanks to the mid 2000s economic boom, the gap in average family disposable income accelerated. This means that, as of 2009, average family incomes are a staggering 22% above the national average.

In 2008 and 2009 income growth in most provinces (including in Alberta) really cooled off. However, even though the country went through a severe recession median family income did not fall – a fairly impressive statistic that many other developed nations would not be able to boast.

Dan Sumner,

ATB Financial

Dan Sumner’s column is distributed through Troy Media.

Just Posted

Red Deer’s newest outdoor ice facility opens to the public this week

The speed skating oval at Setters Place at Great Chief Park will be open Dec. 17th

Yellow Vests protestors take to Red Deer streets

Trudeau government’s immigration and oil industry policies denounced at rally

Rebels lose to Medicine Hat Tigers, 4-1

Tigers break Rebels’ three-game winning streak

Exhibition explores the rich history and culture of Métis people

The exhibition is on display from Dec. 15th to March 10th at the Red Deer Museum + Art Gallery

2019 Hockey Alberta Provincial Championship host sites announced

A total of 39 Provincial Championships will be hosted across the province

Trudeau to make it harder for future PM to reverse Senate reforms

Of the 105 current senators, 54 are now independents who have banded together in Independent Senators’ Group

Trudeau lashes out at Conservatives over migration “misinformation”

Warning against the “dangers of populism,” Trudeau says using immigration as a wedge political issue puts Canada’s future at risk.

B.C. hockey coach creates ‘gear library’ to remove cost barrier of sport

Todd Hickling gathered donations and used gear to remove the cost barrier for kids to play hockey.

Canada’s ambassador meets with second detainee in China

Global Affairs says John McCallum, Canada’s ambassador to China, met with Spavor Sunday

‘They’re coming:’ Flying cars may appear in urban skies by 2023

Air taxis will number 15,000 and become a global market worth $32 billion by 2035

World Sikh Organization demands Canada prove Sikh extremism is a threat

Sikh community says this is first time such extremism has been mentioned in federal terror-threat assessment

Light at the end of the tunnel for UN climate talks

Meeting in Katowice was meant to finalize how countries report their emissions of greenhouses gases

Supreme Court affirms privacy rights for Canadians who share a computer

Section 8 of the Charter of Rights and Freedoms protects Canadians against unreasonable search and seizure

Janet Jackson, Def Leppard, Nicks join Rock Hall of Fame

Radiohead, the Cure, Roxy Music and the Zombies will also be ushered in at the 34th induction ceremony

Most Read