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The median after-tax income of Canadian families and unattached individuals was $74,200 in 2023, increasing 1.2% from $73,300 in 2022, after being adjusted for inflation. Canada’s official poverty rate was 10.2% in 2023, which was not statistically different from the 2022 rate (9.9%) or the 2019 rate (10.3%) observed before the COVID-19 pandemic.