International Women's Day
Female Breadwinners Get a Stale Deal
Francis Fong, Managing Director & Senior Economist
Likeleli Seitlheko, Economist
Mekdes Gebreselassie, Research Analyst
Daniella Garcia, Corporate Communications and Design Specialist
Date Published: March 4, 2024
- Category:
- Canada
- Future Ready Economy
Each year, TD Economics takes this day to recognize the work done and progress still to be made in closing gender gaps and supporting women in our collective journey towards gender equality. This year, we celebrate progress made by highlighting the increasing share of women that are the major income earners in their families, while recognizing the growing challenge that these families face when deciding to have children.
Notes
- Income data draws from non-elderly couple economic families with 25–44-year-old females and/or all major income earners in the same age group, unless stated otherwise.
- Child benefits for the couple's child(ren) have been evenly split between the couple.
- Financial assets include registered retirement income funds, RRSP investments including locked in RRSP's, non-registered: bonds, money in banks, mutual funds, other investment/financial assets, income trusts, stocks and shares, and TFSAs for couple and lone-parent economic families where the major income earner is 25-44 years of age.
- For the chart showing maternity/parental/child benefits, the employment earnings is calculated for an average female breadwinner without children and government transfers estimate what she would get over a one-year maternity plus parental leave for her first child.
Sources: Aon Rapid Response Survey - Supporting Families at Work: Maternity and Parental Top-up Trends (2021), Canada Revenue Agency, Government of Quebec, Statistics Canada - Canadian Income Survey: Public Use Microdata File (2019, 2020, 2021), Survey of Financial Security: Public Use Microdata File (2019), Survey of Labour and Income Dynamics (1996, 2007).
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