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Ontario: Sources of Income by Seniors, 2010-2015

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Geography:Ontario
Account:Income, Consumption and Leisure
Information:Sources of Income by Seniors, 2010-2015
Selected Age Group: Total Seniors (Age 55 plus)
Data 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

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.

Canada Pension Plan
Refers to the compulsory contributory social insurance plans that protect workers and their families against loss of income due to retirement, disability or death. Canada Pension Plan and Quebec Pension Plan benefits include all benefits reported for the reference year.
Median
Refers to the middle number in a group of numbers. Where a median income, for example, is given as $26,000, it means that exactly half of the incomes reported are greater than or equal to $26,000, and that the other half are less than or equal to the median amount. Median incomes in the data tables are rounded to the nearest hundred dollars. With the exception of "Total Income", zero values are not included in the calculation of medians for individuals, but are included in the calculation of medians for families.
Employment Income
Refers to the total reported employment income. Employment income includes wages and salaries, commissions from employment, training allowances, tips and gratuities, and self-employment income (net income from business, profession, farming, fishing and commissions).
Wages, Salaries, and Commissions
These include employment pay and commissions as stated on T4 information slips, training allowances, tips and gratuities.
Self-Employment Income
This is net income from business, profession, commission, farming and fishing.
Fishing and Farming Self-Employment Income
Refers to the net income from fishing and farming.
Other Self-Employment Income
This is net income from business, profession and commission (i.e. other than fishing and farming).
Investment Income
This includes both interest income and dividend income.
RRSP Income
This is withdrawals from an RRSP investment.
Private Pensions
These include pension benefits (superannuation and private pensions) other than Old Age Security and Canada/Quebec Pension Plan benefits.
Other Income
This includes net rental income, alimony, income from a limited partnership, retiring allowances, scholarships, amounts received through a supplementary unemployment benefit plan (guaranteed annual income plan), payments from income-averaging annuity contracts, as well as all other taxable income not included elsewhere. Beginning with the 1992 data, this variable also includes the imputed income of imputed spouses, as derived from the tax return of the filing spouse. See also "Total Income".
Total Market Incomes
This is income from: employment income, investment income, dividend income, interest income, RRSP income, private pensions and other income (net rental income, alimony, income from a limited partnership, retiring allowances, scholarships, amounts received through a supplementary unemployment benefit plan (guaranteed annual income plan), payments from income-averaging annuity contracts, as well as all other taxable income not included elsewhere. Beginning with the 1992 data, this variable also includes the imputed income of imputed spouses, as derived from the tax return of the filing spouse.
Total Income
Note: This variable has been revised over the years, as reflected in the comments below; data users who plan to compare current data to data from previous years should bear in mind these changes. Also, it should be noted that all income amounts are gross, with the exception of rental income, limited partnership income and all forms of self-employment income.

Income reported by taxfilers from any of the following sources:

  • Labour force income
  • Employment income
  • Wages/salaries/commissions
  • Other employment income as reported on line 104 of the tax form (tips, gratuities, royalties, etc.)
  • Net self-employment
  • Employment Insurance benefits
  • Pension income
  • Old Age Security/Net Federal Supplements (including guaranteed income supplements and spouses' allowances since 1994)
  • Canada/Quebec Pension Plan
  • Working Income Tax Benefit (beginning in 2010)
  • Superannuation and other (private) pensions
  • Family Allowance benefits (up to and including 1992)
        Quebec family allowance (beginning with 1994)
        British Columbia family bonus (beginning with 1996)
  • Family allowance for New Brunswick and Alberta (beginning with 1997)
  • Interest and other investment income
  • Dividend income
  • RRSP income (since 1994; previously in "other income")
  • Net limited partnership income (included in "other income")
  • Alimony (included in "other income")
  • Net rental income (included in "other income")
  • Income for non-filing spouses (since 1992; included in "other income")
  • Other incomes as reported on line 130 of the tax form (fellowships, bursaries, grants, etc.; included in "other income")
  • FST credit (for 1989-1990 inclusive)
  • GST credit (beginning in 1990)
  • HST credit (beginning in 1997)
  • Child tax credit (up to and including 1992)
  • Child tax benefit (starting with 1993)
  • Other non-taxable income (since 1990)
  • Workers' compensation payments (shown separately starting with 1994)
  • Social assistance payments (shown separately starting with 1994)
  • Guaranteed income supplements (included with OAS since 1994)
  • Spouses' allowances (included with OAS since 1994)
  • Provincial refundable tax credits in Ontario, Quebec and Manitoba (since 1990), British Columbia and the Northwest Territories (since 1993); Quebec family allowances (since 1994); British Columbia family bonus (since 1996), New Brunswick and Alberta family allowance (since 1997).

Monies not included in income above are: veterans' disability and dependent pensioners' payments, war veterans' allowances, lottery winnings and capital gains.
Old Age Security
This is part of the Old Age Security program, a federal government program that guarantees a degree of financial security to Canadian seniors. All persons in Canada aged 65 or older, who are Canadian citizens or legal residents, may qualify for a full OAS pension, depending on their years of residence in Canada after reaching age 18. Old Age Security benefits include all benefits reported for the reference year (excluding Guaranteed Income Supplements and Spousal Allowance benefits; see also "Net Federal Supplements" and "Non-taxable Income").
Child Tax Benefit
This is a system that replaces (beginning with the 1993 data year) the previous Family Allowance program, the non-refundable child deduction and the refundable Child Tax Credit. It is an income supplement for individuals who have at least one qualified dependent child. The Child Tax Benefit is also based on the individual's family income and the number of dependent children.
GST credit
This includes all amounts received through this program. In 1990, the Goods and Services Tax Credit began replacing the Federal Sales Tax (FST) Credit. By 1991, the FST Credit no longer existed.

In Newfoundland, Nova Scotia and New Brunswick, provincial sales tax have been harmonized with the Goods and Services Tax (GST) since 1997. For this reason, the federal GST credit is now known as the GST/HST credit.
Employment Insurance (Income Transfer Source, previously Unemployment Insurance)
This comprises all types of benefits paid to individuals under this program, regardless of reason, including regular benefits for unemployment, fishing, job creation, maternity, parental/adoption, retirement, self-employment, sickness, training and work sharing.
Workers' Compensation
This includes any compensation received under Workers' Compensation in respect of an injury, disability or death. This value is reported on line 144 of the personal income tax return. Information on Workers' Compensation is available as a distinct income source starting with the 1994 data; previously included in "Non-taxable Income".
Income Support Assistance (Income Transfer Source)
This includes payments made in the year on the basis of a means, needs or income test (whether made by an organized charity or under a government program). The value is reported on line 145 of the personal income tax return. Available only since 1994 (previously included in "Non-taxable Income").
Provincial Refundable Tax Credits
Non-taxable income refers to the amounts included in a taxfiler's income when applying for refundable tax credits, but not included in the calculation of taxable income; these amounts include Workers' Compensation payments, Net Federal Supplements received (Guaranteed Income Supplements and/or Spouse's Allowance), and social assistance payments. Beginning with the 1994 data, information is available separately for Net Federal Supplements, Workers' Compensation and social assistance. Provincial tax credits are a refundable credit paid to individuals by the province in which he/she resided as of December 31 of the taxation year. See also "Provincial refundable tax credits".
Non-Taxable Income/Provincial (Refundable) Tax Credits
Serve to reduce the tax burden; unlike non-refundable tax credits, all amounts are paid to the taxfiler. Among these refundable tax credits are the Federal Sales Tax (FST) credit (for 1989 and 1990), the Goods and Services Tax (GST) credit (beginning in 1990), the Harmonized Sates Tax (HST) credit (beginning in 1997) and provincial refundable tax credits (beginning in 1990). Included are the refundable provincial tax credits received by taxfilers in Manitoba, Ontario and Quebec (since 1990), British Columbia and the Northwest Territories (since 1993), Quebec family allowances (beginning with 1994), British Columbia family bonus (beginning with 1996) and New Brunswick and Alberta family allowances (beginning in 1997).
Working Income Tax Benefit (WITB)
The working income tax benefit (WITB) is a refundable tax credit intended to provide tax relief for eligible working low-income individuals and families who are already in the workforce and to encourage other Canadians to enter the workforce.

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  • 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 reporting3,264,760 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 ($,000)61,520,835 66,394,875 69,996,885 73,024,980 78,269,085 84,234,105
Number reporting1,520,330 1,593,800 1,648,930 1,712,040 1,787,540 1,860,290
Wages, salaries, and commissions
Amount ($,000)54,608,125 59,310,815 62,767,465 66,439,580 71,121,060 76,899,335
Number reporting1,281,750 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 reporting352,830 364,020 371,580 383,710 393,350 396,710
 
Investment income
Amount ($,000)11,957,740 13,041,795 14,004,950 15,063,360 15,382,475 18,093,745
Number reporting1,650,630 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 reporting1,382,220 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 reporting971,390 935,460 950,730 984,060 982,270 991,950
 
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 reporting1,734,640 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 reporting2,027,050 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 reporting30,230 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 reporting1,073,520 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 reporting148,460 137,360 131,330 131,470 135,350 137,980
 
Workers' Compensation
Amount ($,000)1,279,690 1,283,270 1,265,695 1,247,105 1,235,395 1,242,470
Number reporting129,100 128,990 128,060 126,660 126,200 124,520
 
Income Support Assistance
Amount ($,000)992,325 1,074,980 1,124,980 1,220,745 1,305,395 1,406,300
Number reporting183,970 201,300 202,590 253,550 261,460 270,970
 
Provincial tax creditsb
Amount ($,000)1,302,685 1,473,285 1,124,405 1,153,290 1,357,065 1,663,795
Number reporting2,015,290 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 reporting68,560 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 reporting2,903,770 2,968,190 2,762,660 2,849,110 2,991,250 3,063,220

Notes:

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

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