1. What is Income Percentile?

Income percentile shows how your income compares to others in Ontario. If you're in the 75th percentile, you earn more than 75% of the population.

2. How Does the Calculator Work?

The calculator uses Statistics Canada data to estimate your position in the income distribution:

Where:

• \( Income \) — Your annual pre-tax income in Canadian dollars
• \( Lookup\_on\_table \) — Matches your income to percentile data

Explanation: The calculation is based on the most recent income distribution statistics for Ontario.

3. Importance of Income Percentile

Details: Knowing your income percentile helps understand your economic position, plan finances, and compare with peers.

4. Using the Calculator

Tips: Enter your annual pre-tax income in CAD. The calculator will show where you stand compared to other Ontario residents.

5. Frequently Asked Questions (FAQ)

Q1: What data source is used?
A: The calculator uses simplified Statistics Canada income distribution data for Ontario.

Q2: Is this before or after taxes?
A: Percentiles are based on pre-tax (gross) income.

Q3: How often is the data updated?
A: Official statistics are typically updated annually.

Q4: Does this include all income sources?
A: Yes, it includes employment income, investments, benefits, and other sources.

Q5: How accurate is this calculator?
A: It provides a general estimate. For precise analysis, consult detailed Statistics Canada reports.