Ontario: Sources of Income by Seniors, 2010-2015
- Change Age Group
Total Seniors (Age 55 plus)
55 to 64
65 and Older
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | ||
Total income | |||||||
Amount ($,000) | 140,846,770 | 149,746,070 | 157,699,875 | 165,999,035 | 175,559,720 | 188,996,530 | |
Number reporting | 3,264,760 | 3,375,380 | 3,453,680 | 3,568,960 | 3,707,770 | 3,801,000 | |
Median income | $30,000 | $30,700 | $31,700 | $32,400 | $32,900 | $34,100 | |
Market and Other Incomes | |||||||
Employment income | |||||||
Amount ($,000) | 61,520,835 | 66,394,875 | 69,996,885 | 73,024,980 | 78,269,085 | 84,234,105 | |
Number reporting | 1,520,330 | 1,593,800 | 1,648,930 | 1,712,040 | 1,787,540 | 1,860,290 | |
Wages, salaries, and commissions | |||||||
Amount ($,000) | 54,608,125 | 59,310,815 | 62,767,465 | 66,439,580 | 71,121,060 | 76,899,335 | |
Number reporting | 1,281,750 | 1,349,430 | 1,397,960 | 1,452,190 | 1,522,180 | 1,594,180 | |
Self-employment income | |||||||
Amount ($,000) | 6,912,710 | 7,084,055 | 7,229,420 | 6,585,395 | 7,148,025 | 7,334,770 | |
Number reporting | 352,830 | 364,020 | 371,580 | 383,710 | 393,350 | 396,710 | |
Investment income | |||||||
Amount ($,000) | 11,957,740 | 13,041,795 | 14,004,950 | 15,063,360 | 15,382,475 | 18,093,745 | |
Number reporting | 1,650,630 | 1,679,000 | 1,695,180 | 1,725,590 | 1,747,520 | 1,734,660 | |
RRSP incomea | |||||||
Amount ($,000) | .. | .. | .. | .. | .. | .. | |
Number reporting | .. | .. | .. | .. | .. | .. | |
Private pensions | |||||||
Amount ($,000) | 28,696,225 | 30,221,690 | 31,608,185 | 33,446,000 | 35,492,335 | 37,379,270 | |
Number reporting | 1,382,220 | 1,417,680 | 1,454,660 | 1,495,010 | 1,534,090 | 1,571,150 | |
Other income | |||||||
Amount ($,000) | 5,811,185 | 5,496,520 | 5,878,580 | 6,405,520 | 6,545,320 | 7,164,495 | |
Number reporting | 971,390 | 935,460 | 950,730 | 984,060 | 982,270 | 991,950 | |
Total market incomes | |||||||
Amount ($,000) | 109,309,270 | 116,579,010 | 122,971,410 | 129,506,925 | 137,372,315 | 148,627,810 | |
Transfer Payments | |||||||
Old Age Security/Net federal supplements | |||||||
Amount ($,000) | 12,513,275 | 13,286,815 | 14,188,660 | 14,876,430 | 15,519,130 | 16,323,940 | |
Number reporting | 1,734,640 | 1,796,690 | 1,870,180 | 1,933,900 | 1,993,600 | 2,041,710 | |
Canada Pension Plan | |||||||
Amount ($,000) | 13,996,275 | 14,704,490 | 15,724,410 | 16,632,145 | 17,320,815 | 18,182,250 | |
Number reporting | 2,027,050 | 2,093,280 | 2,184,040 | 2,255,500 | 2,325,230 | 2,395,740 | |
Child Tax Benefit | |||||||
Amount ($,000) | 69,160 | 75,365 | 81,665 | 89,175 | 94,190 | 148,515 | |
Number reporting | 30,230 | 32,030 | 33,620 | 35,570 | 37,170 | 67,910 | |
GST credit | |||||||
Amount ($,000) | 394,600 | 405,240 | 422,835 | 448,125 | 487,645 | 500,800 | |
Number reporting | 1,073,520 | 1,102,530 | 1,134,690 | 1,169,400 | 1,242,210 | 1,265,560 | |
Employment Insurance | |||||||
Amount ($,000) | 934,740 | 802,680 | 731,045 | 756,215 | 796,230 | 825,020 | |
Number reporting | 148,460 | 137,360 | 131,330 | 131,470 | 135,350 | 137,980 | |
Workers' Compensation | |||||||
Amount ($,000) | 1,279,690 | 1,283,270 | 1,265,695 | 1,247,105 | 1,235,395 | 1,242,470 | |
Number reporting | 129,100 | 128,990 | 128,060 | 126,660 | 126,200 | 124,520 | |
Income Support Assistance | |||||||
Amount ($,000) | 992,325 | 1,074,980 | 1,124,980 | 1,220,745 | 1,305,395 | 1,406,300 | |
Number reporting | 183,970 | 201,300 | 202,590 | 253,550 | 261,460 | 270,970 | |
Provincial tax creditsb | |||||||
Amount ($,000) | 1,302,685 | 1,473,285 | 1,124,405 | 1,153,290 | 1,357,065 | 1,663,795 | |
Number reporting | 2,015,290 | 2,013,360 | 1,196,510 | 1,206,840 | 1,398,440 | 1,652,570 | |
Other government transfersc | |||||||
Amount ($,000) | 54,755 | 60,945 | 64,770 | 68,870 | 71,550 | 75,630 | |
Number reporting | 68,560 | 74,550 | 77,040 | 80,490 | 82,600 | 104,300 | |
Total transfer incomes | |||||||
Amount ($,000) | 31,537,500 | 33,167,060 | 34,728,465 | 36,492,110 | 38,187,405 | 40,368,720 | |
Number reporting | 2,903,770 | 2,968,190 | 2,762,660 | 2,849,110 | 2,991,250 | 3,063,220 | |
a Starting in 1999, only RRSP income of persons aged 65 years or older is included.
b There are a number of provincial tax credits for Ontario that were only included for 2010 and 2011, which explains a drop in the numbers for 2012. They include the Ontario Energy and Property Tax Credit; Ontario Sales Tax Credit; Northern Ontario Energy Credit; and Ontario Sales Tax Transition Credit.
c Other government transfers was introduced in 2010 and only included the Working Income Tax Benefit (WITB) at that time. Although the WITB program was introduced a few years back by the government (reference year 2007), it had not been included on its own or in any total income or government transfer income variables. In 2015 the Children’s Fitness Tax Credit was also included under other government transfers because it became a refundable credit. In previous years, this credit was a non-refundable tax credit and therefore only had an impact on net federal tax.
Source: Compiled by the Community Accounts Unit, based on Canada Customs and Revenue Agency summary information as provided by Income Statistics Division, Statistics Canada.Copyright: Newfoundland & Labrador Statistics Agency
Government of Newfoundland and Labrador
Data last updated on January 17, 2017