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Assuming a 40-hour workweek and 52 paid weeks per year, the annual gross employment income of an individual earning the minimum wage in Canada is between C$31,200 (in Alberta and Saskatchewan) and C$39,520 (in Nunavut). [4] The following table lists the hourly minimum wages for adult workers in each province and territory of Canada.
Gross Average Monthly Wages (USD, at current exchange rates) [4] Year Switzerland * 8,111 2022 Luxembourg * 6,633 2022 United States * 6,455 2022 Iceland * 6,778 2023 Norway * 5,665 2022 Denmark * 5,642 2022 Canada * 5,081 2022 Ireland * 4,642 2022 Netherlands * 4,581 2022 Belgium * 4,560 2022 Austria * 4,312 2022
It doesn’t look like a massive difference but keep conversion rates in mind — $68,400 CAD is equal to $50,348 in USD. ... The Average Salary in the US vs. Canada. Show comments. Advertisement.
Average net salary. C$5,065 / US$3,700 monthly [20] [21] ... In response to the Bank of Canada's July 15, 2015 rate ... Canada's job market continues to perform well ...
For example, 33 states in the United States have higher minimum wages than the federal rate (plus military rates on federal bases) – on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 countries. [2] In effect, the United States has over 100 different minimum wages across the nation.
In Canada in October 2018, 11,200 new full-time jobs were added, lowering the unemployment rate to 5.8%—a "40-year low, underpinning expectations that the Bank of Canada would keep raising interest rates". [13] However, the "labor participation rate fell to its lowest point since October 1998—65.2%. [13]
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
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