Gift giving vs median income

Published On December 19, 2013 | By Joseph (Ken) | Economy

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An interesting contrast between gift giving and median income for the provinces.

The article is Canadians plan to spend an average $1,810 this holiday season gives us averages for gift giving and travel during the holidays.

“When it comes to gift-giving, those in Quebec appear to be the most frugal, with plans to spend an average of only $433, compared with $873 in Ontario, $759 in the Atlantic provinces, $708 in Alberta, $635 in Manitoba and Saskatchewan, and $520 in British Columbia. On trips, too, Quebeckers plan to shell out the least – $379 – compared with $849 in Alberta, $838 in Ontario, $816 in B.C., $581 in the Atlantic region, and $539 in Manitoba/Saskatchewan.”

    2011 Gifts  Travel 
  Income     
Alberta 89830  708  849 
Saskatchewan  77300  635  539 
Ontario 73290  873  838 
British Columbia 69150  520  816 
Manitoba 68710  635  539 
Quebec 68170  433  379 
Altantic provinces 65915  759  581 

Alberta is the province with the highest median income.

   2011    
  Income  Gifts  Travel
Ontario 73290  873  838 
Altantic provinces 65915  759  581 
Alberta 89830  708  849 
Saskatchewan  77300  635  539 
Manitoba 68710  635  539 
British Columbia 69150  520  816 
Quebec 68170  433  379 

Although interesting that Alberta has the highest median income but Ontario spends the most on gift giving, even more interesting is that the Atlantic provinces have the lowest median income but spend the second highest amount on gifts.

   2011    
  Income  Gifts  Travel 
Alberta 89830  708  849 
Ontario 73290  873  838 
British Columbia 69150  520  816 
Altantic provinces 65915  759  581 
Saskatchewan  77300  635  539 
Manitoba 68710  635  539 
Quebec 68170  433  379 

Although Alberta spends the most in travel, it is possibly due to the fact that people who have traveled there for work are heading home for the holidays.  What is interesting is how much people in British Columbia are going to be spending on travel.

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About The Author

Joseph (Ken)
(Ken) is a Registered Public Accountant with over 25 years of public practice experience in the accounting profession. Ken specializes in accounting information systems, taxation and financial reporting.

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