Statistics Canada reports the median total income of Canadian households reached $70,336 in 2015, a 10.8 per cent increase from $63,457 in 2005.

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That spike was largely driven by the commodity price boom of the last decade – Nunavut and Saskatchewan saw increases of more than 36 per cent, while Newfoundland and Labrador, Alberta, the Northwest Territories and Manitoba also grew by more than 20 per cent.

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However, nearly 1.2 million children under 18, 17 per cent of Canada’s 6.8 million kids, lived in a low-income household, about one quarter of the 4.8 million people who were living in poverty in 2015 – the largest share of them in Nova Scotia and New Brunswick.

Nearly two-thirds of Canada’s 14 million households saved for retirement in 2015 through one or more of a registered pension plan, a registered retirement savings plan or a tax-free savings account.

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