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Posted: 2025-05-25 15:14:00 UTC
We use a score to evaluate content reliability. This article's score is high enough, and there are no largely false claims identified in this rollup.
We use a score to evaluate content reliability. This article's score is high enough, and there are no largely false claims identified in this rollup.
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Last Updated
2025-05-25 18:05:56 UTC
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Rollup News
A Canadian CPA working at a Big Four accounting firm discusses income levels in Canada, providing real and objective data. The author and her husband immigrated to Canada in late 2006. Her husband received his first professional job offer three months after landing, with a starting salary of $60,000 CAD. They bought a detached house for $230,000 in Montreal. After five years, his salary increased to over $90,000. Now, 18 years later, with the cost of living and housing prices having tripled, a $100,000 annual salary is no longer considered high income, indicating a decline in the quality of life for Canadians.
Initial salary of $60,000 CAD in 2006 allowed for purchasing a detached house.
Salary increased to over $90,000 CAD within five years.
Cost of living and housing prices have tripled in 18 years.
A $100,000 annual salary is no longer considered high income in Canada.
Rising cost of living
Tripled housing prices
Stagnant wages relative to inflation