After four years of growth, the median after-tax income for Canadian families of two or more people remained virtually stable in 2008 at $63,900. The level was unchanged in all provinces except British Columbia and Saskatchewan, where median after-tax income for families of two or more rose 5.7%. After-tax income for unattached individuals was also unchanged nationally in 2008, at $24,900, the first time in three years with no notable change.
Having dropped to its lowest level in 30 years in 2007, the proportion of Canadians living below the low income cut-off after tax was at 9.4%, virtually unchanged from 2007. Just over 3 million Canadians lived in low income in 2008. The proportion of children in low-income families was 9.1% in 2008, half the 1996 peak of 18.4%.
For most types of families, the median amount of income taxes, federal and provincial, paid in 2008 was stable from the year before. Families of two or more people paid $8,800 and unattached individuals paid $2,400, both unchanged from 2007. Senior families (families with at least one person aged 65 and older) paid $2,400, around $500 less than in 2007.
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