Average base salaries for non-unionized employees in Canada are expected to increase by 3.45% in 2025, according to Telus Health’s annual salary projections survey.
This will be the first time in four years that these average base salaries, excluding salary freezes, will increase at a rate greater than that of inflation. The Bank of Canada announced in September that Canada’s inflation rate is 2.0%.
“The continued demand for qualified personnel is contributing to a strong increase in salaries for 2025, despite the easing of pressures on employers due to inflation,” comments Guylaine Béliveau, national practice leader for compensation at Telus Health, by press release. “As the inflation rate falls, employees want to regain the purchasing power they have lost in recent years. This development could significantly improve financial well-being at the individual level, as well as overall workplace morale. »
In Quebec, the wage growth rate should moderate, going from 3.85% in 2024 to 3.41% in 2025.
After several years of high inflation, the majority of employers have provided support for employees’ financial issues. Nearly six in ten (59%) Canadian organizations have implemented programs to improve financial well-being, or are considering doing so. These programs include health care accounts (24%), financial education (20%) and group RRSPs (18%).
