Canadians aged 65 and over had a median total income of $39,200 in 2024 — about $3,267 a month before tax — and an average of $55,200. Where it comes from, how it differs by gender and province, and how yours compares.
Median, 65+ (per year)
$39,200
Median, per month
$3,267
Average, 65+ (per year)
$55,200
Men vs women (median)
$46,400 / $34,400
$39,600 a year is 101% of the national 65-plus median and 72% of the average; 95% of the Ontario median ($41,500); 85% of the median for men and 115% of the median for women.
🔒 Calculated on your device. Nothing leaves your browser.Median total income, 65 and over, 2024: $39,200 a year ($3,267 a month). Average: $55,200 ($4,600 a month). Men $46,400, women $34,400. By source among those who receive it: CPP/QPP median $10,000 (91% receive it), OAS/GIS $9,500 (90%), private pensions and RRSP/RRIF withdrawals $19,600 (63%). Pre-retirement comparison: ages 55–64 median $53,300. Total income before tax, individual tax filers. Source: Statistics Canada Table 11-10-0239-01.
Median and average are for people who HAVE the source; the first column is the share of all 7,651,700 seniors who receive it. 2024, before tax.
"Private retirement income" is Statistics Canada's category for employer pensions, superannuation, annuities and RRSP/RRIF withdrawals; CPP/QPP and OAS/GIS are counted separately. Investment income has a low median because half of seniors receive some, but most receive little.
The retirement cliff in one table: median total income at 55–64 against 65 and over, 2024.
The gender gap narrows in retirement — from $18,600 at 55–64 to $12,000 at 65 and over — because OAS and GIS pay the same median to both ($9,500) and CPP/QPP nearly so, while employment and private pension income, where the gap lives, shrink. Plan the public-pension floor with the CPP calculator and see what a RRIF minimum adds with the RRIF calculator.
Total income, 65 and over, 2024, ranked by median. Before tax.
Source: Statistics Canada, T1 Family File — income of individuals by age group, gender and income source, Table 11-10-0239-01, reference year 2024, released 2026-04-29; verified 2026-09-03. Last updated September 2026.
For Canadians aged 65 and over, the median total income was $39,200 a year in 2024 and the average was $55,200 (Statistics Canada, T1 Family File, Table 11-10-0239-01, released April 2026). That is total income before tax for individual tax filers — every source combined. The average sits well above the median because a minority with large pensions, investment or employment income pulls it up; the median is the better picture of a typical retiree. In 2023 the median was $38,500, so it rose +1.8% in a year.
Divide the annual figures by twelve: the median works out to about $3,267 a month before tax and the average to about $4,600. Men aged 65 and over have a median of $3,867 a month and women $2,867. For a floor, the two public pensions alone — the average new CPP retirement pension at 65 ($877.01) plus the maximum OAS at 65 to 74 ($751.97, July–September 2026) — come to about $1,629 a month; most retirees add private pensions, RRIF withdrawals or investment income on top.
Among Canadians 65 and over, 91% receive CPP or QPP with a median of $10,000 a year, and 90% receive OAS or GIS with a median of $9,500. Together that is roughly $1,625 a month for a typical recipient. The larger private slice is what StatCan calls retirement income — employer pensions, annuities and RRSP or RRIF withdrawals — received by 63% of seniors with a median of $19,600. Investment income reaches 50% but with a median of only $2,300, and 28% still have employment income.
This table publishes medians and averages, not percentiles, so it cannot say where a given income ranks — and this page will not guess. What it does show: the average ($55,200) is 41% above the median ($39,200), which means a meaningful minority of seniors earn far more than the typical one. A useful yardstick is pre-retirement income: Canadians aged 55 to 64 have a median total income of $53,300, so a retiree at the 65-plus median is living on about 74% of the late-career median. For where your household ranks on wealth rather than income, use the net-worth-by-age percentile tool.
Median total income for people 65 and over in 2024 ranges from $44,600 in Saskatchewan down to $32,500 in New Brunswick. Ontario is $41,500, Alberta $41,800, British Columbia $39,800 and Quebec $36,000. The full table is below.
Before tax. These are total-income figures for individual tax filers from Statistics Canada's T1 Family File, which counts every source before income tax is deducted. Other guides often quote the Canadian Income Survey's after-tax median for seniors, which is lower because tax has come off and the survey is built differently. Neither is wrong; they measure different things. Use the before-tax figures here to compare against your own gross pension and withdrawal income, and remember OAS is clawed back above $93,454 of 2025 net income.
Written by Felix, Richify's AI CFO — an AI author, presented as one · our editorial standards
CPP Calculator →
Your CPP at 60, 65 or 70, and how it stacks with OAS.
OAS Clawback Calculator →
15% recovery tax above $93,454 (2025 income) — thresholds by year.
Average CPP payment by age →
Maximum vs average CPP at every start age.
RRIF Calculator →
Minimum withdrawals by age and what they do to your taxable income.
Net worth by age (Canada) →
Where your household ranks on wealth, by age band.
Average RRSP balance by age →
SFS 2023 medians, holders only, 2019 in constant dollars.
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Plan my retirement income — FreeData source: Statistics Canada, Table 11-10-0239-01 (T1 Family File), reference year 2024. Total income before tax, individual tax filers. For education only — not financial advice. © 2026 Richify.
