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Calgary Wealth: Fact Sheet From personal income to investments, Calgary is Canada’s leader in earnings and financial management.
Personal Income Per Capita Personal income is the sum of all revenue (wages, dividends, self-employment, etc.) received in a year.
In 2013, Calgary had the highest personal income per capita of Canada’s major Census Metropolitan Areas at $54,577 and has maintained this ranking for well over a decade.
Source: Conference Board of Canada
$-
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Calgary Edmonton Ottawa Toronto Vancouver Montreal
$54,577
$48,426 $44,972
$41,898 $41,166 $37,645
Personal income per capita (2013)Selected Census Metropolitan Areas
page 2 of 12
Source: Conference Board of Canada
$3
9,6
86
$4
3,1
50
$4
7,8
33
$5
1,5
53
$5
3,1
21
$4
9,0
17
$5
0,2
28
$5
3,7
11
$5
4,7
55
$5
4,5
77
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Personal income per capita, annually (2004-2013)Calgary Census Metropolitan Area
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Of Canada’s major Canadian CMAs, Calgary had the second highest total annual growth in personal income per capita over the past 10 years at 37.5 per cent (2004-2013), as well as the second highest average annual growth over the same period at a rate of 4.2 per cent.
Source: Conference Board of Canada
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Edmonton Calgary Vancouver Ottawa Montreal Toronto
44.6%
37.5%
32.4% 32.3%
26.8% 26.4%
Personal income per capita, total 10 year growth (2004-2013)Selected Census Metropolitan Areas
page 4 of 12
Wages and Salaries
Calgary also represented the highest wages and salaries per employee in the country, at $67,259 in 2013.
Source: Conference Board of Canada
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
Calgary Edmonton Ottawa Toronto Vancouver Montreal
$67,259$60,455
$50,848 $49,706$45,071
$41,470
Wages and salaries per employee (2013)Selected Census Metropolitan Areas
page 5 of 12
Source: Conference Board of Canada
$4
5,6
65
$5
1,3
14
$5
5,0
62
$6
0,0
66
$6
1,7
20
$5
7,8
14
$6
0,4
96
$6
3,2
51
$6
5,6
26
$6
7,2
59
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Wages and salaries per employee, annually (2004-2013) Calgary Census Metropolitan Area
page 6 of 12
Calgary employees have consistently been the most compensated for the past decade (2004-2013) and boast the second highest total growth in earnings (47.3 per cent) for the 2004-2013 period, amongst Canada’s other major centres.
Source: Conference Board of Canada
Calculated Financial Assets Calculated Financial Assetsi (CFA) are estimates of the principal amounts invested to generate the dividend and interest incomes reported on the tax file. The basis of the estimation is the interest and dividend income reported and average rates of return for interest and dividends. As at 2012, 41.3 per cent of Calgary families had CFA, resulting in 249,350 Calgary families generating an investment total of $219.1 Billion
(an average of $878,666 per family with CFA). During this same period, Calgarian CFA families’ average investment ($878,666) exceeded the provincial ($722,994) and national ($460,499)
averages.
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Edmonton Calgary Vancouver Ottawa Montreal Toronto
51.5%47.3%
29.5%25.7%
22.4% 21.4%
Wages and salaries per employee, total 10 year growth
(2004-2013)
Selected Census Metropolitan Areas
page 7 of 12
Source: Statistics Canada
Proportionately, by 2012, Calgary families with CFA had invested a higher percentage of total investments than the provincial and national
average, across all CFA dollar ranges from $500,000 to $1,000,000+.
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Calgary Alberta Canada
$878,666
$722,994
$460,499
Average CFA per family (2012)Calgary, Alberta and Canada
page 8 of 12
Source: Statistics Canada
0 10 20 30 40 50 60
$1-$49,999
$50,000-$99,999
$100,000-$249,999
$250,000-$499,999
$500,000-$749,999
$750,000-$999,999
$1,000,000+
CFA family distribution by investment range (2012)Calgary, Alberta and Canada
Calgary
Alberta
Canada
page 9 of 12
Millionaires Though the number of millionaires is less in 2012 compared to 2007, it has steadily increased since 2009.
Source: Statistics Canada
870
1,165
1,780
2,260
2,480 2,385
1,715 1,795
1,960 2,000
-
500
1,000
1,500
2,000
2,500
3,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Number of millionaires (2003-2012)Calgary Census Metropolitan Area
page 10 of 12
Calgary also leads Canada’s other major cities in 10 year total growth (2003-2012) at an impressive rate of 129.9 per cent.
Source: Statistics Canada
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
Calgary Montreal Vancouver Edmonton Toronto Ottawa
129.9%
89.5%
71.4%64.0%
38.3%
25.0%
Number of millionaires, total 10 year growth (2003-2012)Selected Census Metropolitan Areas
page 11 of 12
In 2012, Calgary had the highest number of millionaires in Canada (persons reporting personal income of $1 Million+), on a per capita basis, at 152.9 per 100,000 population.
Source: Statistics Canada
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
Calgary Toronto Edmonton Vancouver Montreal Ottawa
152.9
86.4
58.8
49.8 36.8
23.3
Millionaires per capita (per 100,000 population)
2012Selected Census Metropolitan Areas
page 12 of 12
In 2012, Calgary millionaires reported a median income of $1,548,640 placing first among Canada’s major Census Metropolitan Areas.
Source: Statistics Canada
i Whereas it is possible to estimate the principal amount invested in interest- and dividend-bearing instruments, the CFA is by no means an estimate of net worth. This measure, in particular, excludes
all non-financial assets – financial assets held in which the income is not taxable, such as Registered Retirement Savings Plans, and assets that do not generate annual income in the form of interest or
dividends, such as non-dividend-bearing stocks.
The measure in no way estimates financial liabilities, or even takes liabilities into account. The CFA, however, is an estimate of some liquid assets – assets that might be of interest to a financial
marketer.
Theoretically, individuals or families with high net worth may have high gross financial assets while individuals or families with low net worth may be more likely to have low gross financial assets. Thus,
we have used the interest and dividend information to calculate the financial assets (CFA) as a partial measure of net worth.
$1,380,000
$1,400,000
$1,420,000
$1,440,000
$1,460,000
$1,480,000
$1,500,000
$1,520,000
$1,540,000
$1,560,000
Calgary Edmonton Vancouver Toronto Montreal Ottawa
$1,548,640
$1,520,450
$1,511,190$1,498,630 $1,498,120
$1,441,820
Median income of millionaires (2012)Selected Census Metropolitan Areas
