Average Canadian salary 2023: major industries, jobs and more (2023)

Canada's Most Growing Industries:

The following are fast growing industries in Canada:

healthcare:

General medical and surgical hospitals providing bedside, outpatient and pharmacy services make up the nation's healthcare system and are expected to generate revenues of $69.2 billion by 2022. The public sector finances 70% of Canada's healthcare system, while the private sector provides 30%. Canada's largest hospitals are Vancouver General Hospital, Rocky View General Hospital, and University of Alberta Hospital.

commercial bank:

The Canadian commercial banking sector generated revenues of C$240.1 billion in 2022 and is expected to grow modestly between 2021 and 2026 as the economy normalizes and recovers from the impact of Covid-19. Major market players in the industry include Toronto-Dominion Bank, Royal Bank of Canada, and Canadian Imperial Bank of Commerce.

IT Consulting Services:

The IT consulting industry will generate $67.1 billion in revenue by 2022 due to the growing demand for cloud services, mobile applications and leading software solutions. Both private and public sector organizations are responsible for the design and management of the information technology (IT) systems in the sector. IBM Canada Limited is one of the largest shareholders in the country's IT consulting industry.

Chemical and Petroleum Industry:

Rising domestic crude oil production and rising demand from downstream industries are expected to drive high turnover in the industry over the next four years. Shell Canada Ltd., Suncor Energy Inc. and Fuel Stations will have sales of $202.7 billion by 2022. and Imperial Oil Ltd.

Difference Between Median Salary and Median Salary

Median wages are earnings that are right in the middle of wages for that occupation. The median salary, on the other hand, is the mathematical average of all earnings earned by the number of people in a given position. The highest average salary in Canada is approximately CAD 534,000 or INR 31,189,445 per annum. The average salary is around CAD 112,000 or INR 6,541,606 per annum which means that 50% of the population earns a higher income while the other half of the population earns less than CAD 112,000.

Both the median and the mean are wage indicators. If you earn more than both, you're doing well. If it is below normal, there is room for improvement.

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Canadian salary range

The salary range in Canada is CAD 30,200 or INR 1,763,897 and the median salary is CAD 534,000 or INR 3,1189,445.

Salary depends on experience

• If you work for 2 to 5 years, you get a 32% pay rise.
• 36% salary increase for 5 to 10 years of service.
• 21% salary increase for 10-15 years of service.
• 15-20 year growth of 14%, I
• 9% growth over 20 years.

Wage increases depend on education

• Employees receive a 17% salary increase after they graduate from high school and complete a certification or diploma program.
• 24% increase in undergraduate studies.
• 29% increase after completing a master's degree.
• PhD degrees increased by 23%. holder.

Salary Comparison by Gender: Canadian men earn on average 5% more than women across all career fields.

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Canada has the highest average annual salary: Labor Department

The average salary in Canada in 2020 is CAD 1,050.59 or INR 61,362 per week and CAD 54,630 or INR 3,190,785 per year. This year the average annual salary has increased by 4% compared to the previous year, which means that the growth momentum has strengthened.

Here is the list of salary increases in Canada in 2020,

• Accommodation and food services - USD 22,877.92 or INR 1,728,837 (+6.4%)
• Administration and Support - $47,369.92 or INR 3,579,722 (+9.4%)
• Arts, Entertainment and Leisure - $40,241.76 or INR 3,041,052 (+26.3%)
• Construction - USD 68,374.28 or INR 5,167,091 (+3.2%)
• Education - USD 58,343.48 or INR 4,409,038 (+6.5%)
• Finance and Insurance - USD 76,843 or INR 5,807,793 (+9.1%)
• Forestry and Logging - USD 58,739.20 or INR 4,439,493 (-8.9%)
• Healthcare and Social Assistance - USD 52,888.68 or INR 3,997,275 (+8.4%)
• Information and Cultural Industries - $71,634 or INR 5,414,097 (+4.3%)
• Business and Business Administration - USD 74,560.72 or INR 5,635,244 (+0.0%)
• Production - $59,250.36 or INR 447,814,220 (+1.6%)
• Mining, Oil and Gas - $113,506.12 or INR 8,578,783 (+3.1%)
• Professional, Scientific and Technical Services - USD 76,077.56 or INR 5,749,899 (+2.0%)
• Public Administration - USD 75,799.88 or INR 5,728,888 (+9.3%)
• Real Estate (rent/lease) - USD 58,623.76 or INR 4,430,726 (+14.6%)
• TOTAL – 34 503.04 USD RUB 2607736 INR (+8.0%)
• Shipping and Storage - USD 61,011.08 or INR 4,611,211 (+6.7%)
• Media – 101 531,04 USD RUB 7673712 INR (+1,6%)
• Wholesale - USD 67,456.48 or INR 5,098,324 (+2.8%)

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Continue studying in Canada for the best job opportunities

Canada offers simple immigration rules and programs such asSDS (Direct Student Stream)IPGWP (work permit after graduation), to motivate foreign students to look for a job after completing their courses. The labor market is strong and dynamic and offers well-paid employment. Internationally renowned faculties, world-class research facilities and world-class teaching facilities make Canada one of the top destinations for education abroad. To understand this in detail, let's explore the top reasons why Canada is an ideal destination for higher education and employment:

best university

Canada has the 100 best universities in the world. Some famous universities like the University of Toronto, the University of British Columbia and the University of Alberta attract students from all over the world. These universities offer international students valuable degrees that are recognized by multinational companies and groups.

possibility of part-time work

Canadian students can work part time. They can work 20 hours per week off-campus and on-campus, and 40 hours on weekends or holidays. In this way, international students at Canadian universities get the business exposure they need and can control their expenses.

Canada is a developed economy

Canada is a developed country. The opportunities are vast, and international students studying in Canadian universities always find the best opportunities and salary packages. It is one of the most popular economies in the world with a low unemployment rate.

research degree

The Government of Canada assists researchers with training opportunities and funding. Research jobs in Canada are world class and students can easily access top international companies with impressive salary packages.

Work permit after graduation

Canada is a welcoming country that believes in retaining talented and skilled people. Through programs such as the PGWP and SDS, international students are granted work permits upon completion of a course or degree. This is one of the reasons why students from all over the world choose Canada to study abroad.

Great resources about Canada:

Eligibility for a work permit in Canada

1. The passport is valid for more than 6 months from the date of expected arrival in Canada.

2. Evidence of sufficient funds to cover the candidate's expenses during their stay in Canada.

3. A medical examination is required in a registered hospital.

4. Application Fees.

5. Academic Certificate.

6. Documentation confirming professional qualifications, including professional experience.

7. Two recent passport photos.

8. TOEFLIELTSresult.

9. Applicants must prove that they will leave Canada after their work permit expires.

10. No criminal record.

11. Not work for an unauthorized or illegal employer not registered with the Canadian government.

12. Good health and medical insurance.

More resources to read:

Canada MBA met up Grad Study Abroad-programma's

upGrad study abroad makes learning possibleMBA in West-Canada, one of the best universities in Canada with affordable fees. Of course, it can implement a hybrid plan in Canada and India, reducing costs to almost 1/5. If you meet the eligibility criteria, you can complete the online certification process at IMT Ghaziabad and then apply to UCW Vancouver, Canada. You can also pursue your dream of studying abroad.

Read also:

• SOP and personal statement
• Stage SOP
• Target format statement

What is the average salary of a software engineer in Canada?

The average salary of a software engineer in Canada is $94,309 per year ($48.36 per hour). Entry-level jobs start at $78,000 a year, while the top earners earn $135,086 a year.

What is the average hourly wage in Canada?

In Canada, the average annual salary is $39,127, or $20.07 per hour.
Entry-level positions start at $34,125 per year, with the highest-earning individuals earning as much as $72,249 per year.

How do I qualify for a postgraduate work permit in Canada?

You must study full-time in Canada for at least eight months. You must apply for a work permit within 180 days of graduation. You must have an official confirmation from your college/university (transcript or official letter). When applying for the PGWP, you must be in possession of a valid student visa. You must study full-time in Canada for at least eight months.

What is the Average Mechanical Engineer Salary in Canada?

The average salary of a mechanical engineer in Canada is about $55,000 or INR 3,212,781 per annum. Junior employees typically earn $45,000 or $2,628,639 per year, and senior employees can earn as much as $78,000 per year.

What is the Average Salary of an MS Survivor in Canada?

The average salary for an MS in Canada is about $68,000 or INR 3,972,166 per year.

What is the Average Salary for a Masters in Computer Science in Canada?

The average salary of a computer science graduate in Canada is approximately CAD 62,615 (INR 3.6 lakh) per annum or CAD 32.11 (INR 1,869) per hour.