Table 3
Percentage of tax filers who contribute to a registered retirement savings plan and median contribution by income group and sex, Canada
| 2019 – Contributors | 2020 – Contributors | 2019 to 2020 – Contributors | 2019 – Median contributions | 2020 – Median contributions | 2019 to 2020 – Median contributions | 2020 – Contributors | |
|---|---|---|---|---|---|---|---|
| % of tax filers | % of tax filers | change in percentage points | dollars | dollars | change in % | % of contributors | |
| All tax filers | 21.8 | 22.3 | 0.5 | 3,260 | 3,600 | 10.4 | 100.0 |
| Less than $20,000 | 2.0 | 2.0 | 0.0 | 950 | 1,080 | 13.7 | 1.9 |
| $20,000 to $39,999 | 10.1 | 8.8 | -1.3 | 1,210 | 1,300 | 7.4 | 11.9 |
| $40,000 to $59,999 | 27.7 | 25.6 | -2.1 | 2,000 | 2,010 | 0.5 | 22.4 |
| $60,000 to $79,999 | 39.2 | 38.0 | -1.2 | 3,100 | 3,180 | 2.6 | 20.1 |
| $80,000 to $99,999 | 47.9 | 47.1 | -0.8 | 4,200 | 4,350 | 3.6 | 15.3 |
| $100,000 to $119,999 | 54.5 | 54.1 | -0.4 | 5,500 | 5,630 | 2.4 | 9.9 |
| $120,000 to $139,999 | 59.2 | 59.4 | 0.2 | 7,950 | 8,020 | 0.9 | 5.8 |
| $140,000 to $159,999 | 62.3 | 63.0 | 0.7 | 10,330 | 10,560 | 2.2 | 3.5 |
| $160,000 or more | 65.0 | 66.4 | 1.4 | 18,840 | 20,000 | 6.2 | 9.1 |
| Tax filing men | 24.1 | 24.6 | 0.5 | 4,000 | 4,280 | 7.0 | 100.0 |
| Less than $20,000 | 1.7 | 1.8 | 0.1 | 1,000 | 1,200 | 20.0 | 1.2 |
| $20,000 to $39,999 | 8.4 | 7.5 | -0.9 | 1,300 | 1,470 | 13.1 | 8.1 |
| $40,000 to $59,999 | 24.6 | 22.9 | -1.7 | 2,030 | 2,070 | 2.0 | 18.5 |
| $60,000 to $79,999 | 37.0 | 36.0 | -1.0 | 3,110 | 3,200 | 2.9 | 20.0 |
| $80,000 to $99,999 | 46.6 | 45.9 | -0.7 | 4,390 | 4,550 | 3.6 | 16.4 |
| $100,000 to $119,999 | 54.0 | 53.7 | -0.3 | 5,710 | 6,000 | 5.1 | 11.4 |
| $120,000 to $139,999 | 58.8 | 59.0 | 0.2 | 7,810 | 8,160 | 4.5 | 7.3 |
| $140,000 to $159,999 | 62.5 | 62.9 | 0.4 | 10,050 | 10,500 | 4.5 | 4.6 |
| $160,000 or more | 66.0 | 67.1 | 1.1 | 18,800 | 20,000 | 6.4 | 12.4 |
| Tax filing women | 19.6 | 20.1 | 0.5 | 2,600 | 2,960 | 13.8 | 100.0 |
| Less than $20,000 | 2.3 | 2.1 | -0.2 | 900 | 1,000 | 11.1 | 2.7 |
| $20,000 to $39,999 | 11.3 | 9.8 | -1.5 | 1,200 | 1,300 | 8.3 | 16.2 |
| $40,000 to $59,999 | 30.9 | 28.2 | -2.7 | 2,000 | 2,000 | 0.0 | 26.7 |
| $60,000 to $79,999 | 42.2 | 40.6 | -1.6 | 3,100 | 3,170 | 2.3 | 20.2 |
| $80,000 to $99,999 | 49.8 | 48.9 | -0.9 | 4,000 | 4,090 | 2.3 | 14.1 |
| $100,000 to $119,999 | 55.3 | 54.7 | -0.6 | 5,200 | 5,200 | 0.0 | 8.2 |
| $120,000 to $139,999 | 60.1 | 60.2 | 0.1 | 8,100 | 7,850 | -3.1 | 4.2 |
| $140,000 to $159,999 | 62.0 | 63.3 | 1.3 | 11,000 | 10,750 | -2.3 | 2.3 |
| $160,000 or more | 62.4 | 64.5 | 2.1 | 18,910 | 19,980 | 5.7 | 5.3 |
Source(s):
Income and Financial Data of Individuals, Preliminary T1 Family File (4106), table 11-10-0044-01.
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