What is the average salary in Canada for 2022?

If you are a UAE worker who is looking to work in Canada in 2022, you are in for good news. The average salaries across professions and provinces/territories have risen more than expected. At present, the average gross pay of an individual in Canada in 2022 is 54,630 CAD. The average a full-time or a part-time employee earns per hour in Canada is 29.51 CAD, according to Statistics Canada. Included in the average salary are accommodation, transport, and other benefits. *Check your eligibility to Canada with the help of Y-Axis Canada Immigration Points calculator. Median salary On the other hand, the median salary of a Canadian worker is 112,000 CAD per year, with 50% of the employed population earning less than 112,000 CAD and the other half earning over 112,000 CAD, according to Salary Explorer, a portal for career resources and comparing salaries. Experience aspect  Employees who have experience ranging from two to five years earn 30% more than inexperienced workers across verticals. Individuals with experience exceeding five years earn 35% more than their less experienced counterparts. Obviously, those with more experience earn more salaries. Education factor in salary Salaries also vary according to educational levels, depend from one place to another, and are mainly based on the domain. It was also found that employees with a diploma or certificate earn a mean salary of more than 16% compared to their counterparts who had completed up to only high school. Workers with a bachelor's degree earn over 23% more than those holding a certificate or diploma. Meanwhile, employees possessing a master's degree are getting paid over 28% compared to bachelor's degree holders. What's the scenario for 2022? Employers have modified their average budgets for 2022 by increasing salaries significantly due to the Great Resignation effect. Earlier, though it was predicted that average salaries would increase by 2.9%, they have, in fact, risen by 3.4%, a survey by Normandin Beaudry, a Canada-based financial management consultancy, revealed. It also stated that 40% of the companies are allocating a higher budget in 2022. While Ontario is seeing predictions rise from the earlier figure of 2.9% to 3.4% now, it is around 3.5% for Quebec, 3.3% for British Columbia, and 3.2 % for Alberta. One of the firm's consultants says the salary hikes are considerable across the country and verticals. Meanwhile, companies are earmarking about 62% for referral bonuses, 37% for hiring bonuses, 33% for discretionary bonuses, 32% for hiking salary budgets, 32% for retention bonuses, and 12% for skills-based premiums. According to the consultant from Normandin Beaudry, the budgets that have been revised have touched their ten-year highs. Need assistance to work in Canada? Reach out to Y-Axis, the World's No. 1 Immigration Consultant.  If you found this story engaging, you can refer to...   It pays well to work in Canada, study reveals current job trend