Banking, insurance and other financial clerks salary in Canada
$50,052CAD/YR
Banking, insurance and other financial clerks in Canada earn a median of $50,052 a year, about $25.33 an hour.
SOURCE·Employment and Social Development Canada — Job Bank wage data·Open Government Licence – Canada·REVIEWED 2025
What $50,052 is actually worth
Move this wage out of Canada and it converts to $35,485. Spend it where it was earned and it buys what $39,709 buys in the United States. Those are two answers to two different questions, and the distance between them is the thing worth reading — here it is a factor of 1.12.
At the exchange rate At local prices The disagreement
The hollow marker is the exchange-rate reading: what the money is worth if it leaves. The solid marker is the purchasing-power reading: what it is worth if it stays. The hatched span between them is the disagreement, and it is what every single-country salary site leaves out.
SOURCE·European Central Bank reference rates (via Frankfurter) and World Bank PPP conversion factor PA.NUS.PRVT.PP·FX 2026-07-29·REVIEWED PPP 2025
How Canada arrived at this figure, and what it is not
- Employment and Social Development Canada publishes Job Bank wage data for the reference period 2025. We take the occupation row as released and change nothing in it.
- 2021 Census wage distributions by NOC and economic region
- Where the agency publishes a distribution we carry the whole distribution, because a single average throws away the part of the answer people are actually asking about.
- The wage is then read twice: converted at the European Central Bank reference rate for 2026-07-29, and divided by the World Bank purchasing-power conversion factor for CAN. Both readings are printed; neither is presented as the answer.
- Countries measure pay differently. A tax return, an employer payroll survey, a PAYE sample and a household survey are four different instruments, and gaps of a few per cent between countries are the instruments, not the wages.
converted = CAD 50,052 / FX(CAD->USD) adjusted = CAD 50,052 / PPP(CAN) disagreement = adjusted / converted
Where it pays more in Canada
Median pay for this occupation by area, highest-employing first.
| Area | Median | vs national |
|---|---|---|
| Montérégie | $59,280 | +18% |
| Mauricie | $58,964 | +18% |
| Capitale-Nationale | $58,766 | +17% |
| Chaudière-Appalaches | $58,470 | +17% |
| Quebec | $57,956 | +16% |
| Laurentides | $56,731 | +13% |
| Lanaudière | $56,138 | +12% |
| Estrie | $55,209 | +10% |
| Outaouais | $55,012 | +10% |
| Regina--Moose Mountain | $54,893 | +10% |
| London | $54,814 | +10% |
| Laval | $54,715 | +9% |
| Cariboo | $54,676 | +9% |
| Prince Edward Island | $54,300 | +8% |
| Saguenay--Lac-Saint-Jean | $54,103 | +8% |
| Saskatchewan | $53,965 | +8% |
| Saskatoon--Biggar | $53,708 | +7% |
| Northeast | $53,471 | +7% |
| Banff--Jasper--Rocky Mountain House | $53,194 | +6% |
| Alberta | $53,095 | +6% |
| Edmonton | $53,095 | +6% |
| Lethbridge--Medicine Hat | $52,878 | +6% |
| Northwest | $52,818 | +6% |
| Windsor--Sarnia | $52,245 | +4% |
| Ottawa | $52,107 | +4% |
Regional figures come from the same release as the national one. Where an area is missing, the source suppressed it for sample-size reasons rather than reporting an unreliable estimate.
Every figure this page rests on
| Reading | CAD | What it is |
|---|---|---|
| Median | $50,052 | The middle earner |
| Mean | $52,957 | Pulled up by top earners |
| 25th percentile | $42,385 | — |
| 75th percentile | $59,280 | — |
| Hourly | $25.33 | Median at 38 hrs/week |
Employment and Social Development Canada · 2025
SOURCE·Employment and Social Development Canada — Job Bank wage data·Open Government Licence – Canada·REVIEWED 2025
What people ask next
- How much do banking, insurance and other financial clerks earn in Canada?
- The median is $50,052 a year, about $25.33 an hour, according to Employment and Social Development Canada, Job Bank wage data 2025.
- Is that figure before or after tax?
- Before. Every figure on this page is gross pay as the statistics agency published it — income tax, social contributions and any deductions come off afterwards, and they differ enough between countries that we do not model them.
- Why is the US-dollar figure different depending on where I read it?
- Because there are two of them. $50,052 converts to $35,485 at the exchange rate on 2026-07-29, and buys what $39,709 buys in the United States once Canada's price level is accounted for. The first answers "what could I wire abroad", the second answers "how well does someone live on this".
Related occupations in Canada
- Accounting and related clerks $49,400
- Collection clerks $55,723
- Correspondence, publication and regulatory clerks $56,454
- Court clerks and related court services occupations $58,905
- Data entry clerks $46,436
- Desktop publishing operators and related occupations $46,970
- Dispatchers $55,328
- General office support workers $47,404
- Library assistants and clerks $45,784
- Personnel clerks $55,091
- Production logistics workers $60,802
- Purchasing and inventory control workers $47,424
