What Is The Average Salary Increase For 2024 In Canada

What Is The Average Salary Increase For 2024 In Canada. In the first quarter of 2022, the average salary in canada was lower than in 2021 at $56,416, a decrease of just under 1%. In 2021, it was $56,935, an increase of just over 4%.

Average salary increase forecasts in canada softened compared to last year, but remain higher than normal with an average forecasted increase of 3.6% for 2024 excluding salary freezes. The forecasted 2025 salary increase budget is, on average, slightly lower, at 3.5% in canada.