Canada: seniors' incomes by source| ��ƽ��

Amount of income of people aged over 65 in Canada in 2020, by source (in Canadian dollars)

Characteristic	Income in Canadian dollars
Total income	308,241,995
Private pensions	91,424,435
Old Age Security (OAS) and net federal supplements	59,162,070
Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits	49,746,865
Wages, salaries and commissions	39,399,150
Dividend and interest income	33,226,685
Other income	9,598,350
Other government transfers	6,064,740
Net self-employment income	5,705,520
Registered Retirement Savings Plan (RRSP)	4,579,215
Provincial Refundable Tax Credits and Family Benefits	3,019,165
Goods and Services Tax (GST) Credit and Harmonized Sales Tax (HST) Credit	2,390,200
Workers' Compensation Benefits	1,370,895
Employment Insurance (EI) benefits	1,258,045
Social Assistance Benefits	1,220,590
Federal Child Benefits	76,065

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Source

Release date

August 2022

More information

Region

Canada

Survey time period

2020

Age group

65 years and older

Supplementary notes

* Other income includes taxable income not reported elsewhere, such as net rental income, support payments, retiring allowances and scholarships. Adapted from Statistics Canada, statcan.gc.ca, 2020. This does not constitute an endorsement by Statistics Canada of this product.

Citation formats

In 2020, the main source of income for people aged over 65 in Canada was private pensions. Indeed, the income of seniors from these pensions amounted to more than 91 million Canadian dollars. The second largest source of income was old age security (OAS) and net federal supplements, with more than 59 million Canadian dollars.
By 2022, there were more than seven million people over the age of 65 in Canada.