TAX FILER INCOME IN 2012
In 2012, gross income for the average Saskatchewan tax filer increased more quickly than inflation for the tenth year in a row. Higher employment earnings bolstered by more income from investments were the reason. Saskatchewan’s tax rate is lower than in most other provinces so much of the income growth has translated into higher after-tax incomes.
Incomes in Saskatchewan are growing more quickly than in most other provinces. The average income overtook the B.C. average in 2009 and the Ontario average in 2012 to reach second place after Alberta. Within the province, the highest incomes are in Estevan and Weyburn; the lowest are in Meadow Lake and Melfort.
EMPLOYMENT AMONG OLDER WORKERS
In what may be the reversal of a long-term trend, the number of older workers declined in August.
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