Canadian Median Wage Sees Modest Rise Amidst Rising Inflation in 2023

Statistics Canada has reported that in 2023, the national median wage for tax filers in Canada was $47,650. This represents an increase of 1.1% compared to 2022. The rate of inflation for the year was recorded at 3.9%, which has had the effect of slowing growth in real annual wages, salaries, and commissions.

These figures reflect significant economic factors at play, with inflation impacting the real growth of wages despite the nominal increase. The data provides insights into income trends and economic conditions across the nation.