Average Salary Increase For 2024 Canada. Preliminary results show that the country’s average salary increase budgets granted in 2023 reached 4.0%—slightly below last winter’s initial projection of 4.2%. The average 2024 salary structure increase in canada is now forecasted at 2.9%, excluding organizations that decided to freeze their salary structure, which is equal to last summer’s forecast.
In the first quarter of 2022, the average salary in canada was lower than in 2021 at $56,416, a decrease of just under 1%. Average salary increase forecasts in canada have gradually lowered over the past two years, with an average forecasted increase of 3.4% for 2025 excluding salary freezes.
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