Nunavut is a territory of Canada. It has a land area of 1,877,787.62 km2 (725,017.85 sq mi). In the 2016 census the population was 35,944, up 12.7% from the 2011 census figure of 31,906.
In 2015, 39 per cent of the territory's population, more than 14,000 Nunavummiut, received income assistance. This year's territorial budget includes $44.7 million for income assistance.
44.7 million / 14,000 = 3192.85
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In Nunavut, income assistance refers to five programs providing financial support: the income assistance program, the Nunavut Child Benefit, the daycare subsidy, the senior citizen's supplementary benefit and the senior fuel subsidy.
Revenues (ME) $1,738.0
2016-17 Main Estimates +0.9%
The GN is budgeting to receive $1,738.0 M in 2016-17
gov budget
Employment 12,700
2015; Statistics Canada CANSIM 282-0123 (LFS) +3.3%
The number of employed Nunavummiut grew by 400 in 2015,
to 12,700.
Unemployment Rate 15.9%
2015; Statistics Canada CANSIM 282-0123 (LFS) +2.1 p.p.
Population (July 1) 36,919
2015; Statistics Canada CANSIM 051-0001 +2.3%
Average Weekly Earnings $1,247.36
2015 Industrial Aggregate (Jan-Oct); Statistics Canada +0.9%
...November 10, 2015 the agency released a major
update to its industry and provincial/territorial economic
accounts, dating back to 1981. This was followed
on December 1 by a major revision to its main
historical GDP series. The information contained in
this year’s FEI fully incorporate these updates. However,
the Conference Board of Canada forecast of
future Nunavut output used by the GN relies on data
produced prior to these changes. We should expect
the CBoC’s spring forecast to change in line with
these revisions.
Business Investment in Capital $831 M
2014 ($ 2007) -6.0%
Statistics Canada CANSIM 384-0038
highest rate in the country and almost double the national average)
and positive inter-provincial migration (Nunavut gained a
net 133 people in 2015). Nunavut remains Canada’s youngest
region, with about half its residents under 26 (the national median
age is 41) and almost a third—roughly 11,500—under 15.
Looking ahead, we expect total population will exceed 37,000
by July 2016.
Businesses invested just over $830 M in Nunavut in 2014 (the latest year with available data), down roughly $50 M (-6%) from 2013. Most of this went to large investments in nonresidential structures (up 20%, to $502M), machinery and equipment (down 39%, to $118 M), and intellectual property (down 34%, to $152 M). Much of this was driven by exploration and construction in the natural resources sector, even as prices retreated. Residential construction (no change from 2013, at $43 M) held steady, constrained in many communities by a shortage of lot space and civil infrastructure. On top of this business investment, several large public projects got underway in 2014—including the Iqaluit Airport and CHARS. Total public capital spending reached $253 M, up 49% from 2013. According to the latest figures, average weekly earnings in Nunavut increased by roughly $10 per week (+0.9%) in 2015,
which is slower growth than seen in previous years. Averagewages in goods-producing industries like construction ($1,573/week) still outstrip wages in services ($1,211/week), though the gap has narrowed. The combination of slower wage growth and higher inflation meant that real earnings actually declined by 1.1%. In other words, the same paycheque brought home slightly fewer goods in 2015. Nunavut wages remain above the Canadian average of $951.20 (+1.7% from 2014) per week. This +31% differential is the result of a shortage of skilled labour and the high cost of living in the north.
Total Income (tax filers) $989.3 M
2014 T1 Preliminary; GN Finance +3.9%
Total income is made up of all income that tax filers in Nunavut
report, including employment, social assistance, pensions,
investments, and small business profits. Tracking total
income gives us a sense of how much money is flowing to Nunavummiut.
Total income has increased steadily in recent
years, and is up over $300 M from 2006. As of October 2015,
the CRA had received 20,466 tax returns (+3.1% from 2013)
from Nunavummiut, who together report total income of
about $989 M for 2014. We expect this represents roughly
95% of all tax returns for 2014. If so, we expect total income
for 2014 will be in excess of $1 B once all late returns are filed.
Median Income (tax filers) $26,098
2014 T1 Preliminary; GN Finance +0.8%
Median total income is the dollar amount that divides Nunavut
taxpayers in two; half of all Nunavummiut reported earning less
than this amount, and half reported earning more. It shows how
much a typical resident makes in a year, and—unlike the average
calculation—is not influenced by extremely high or low salaries.
According to early tax data, median total income in Nunavut grew
slightly in 2014 to roughly $26,100 (+1%). With total income growing
at a faster rate than the median, we can infer that income
gains are going disproportionately to higher-income earners.
Share of Total Income By Highest 10%: 34.0%
2014 T1 Preliminary; GN Finance -0.8 p.p.
In 2014, the top 10% of income earners in Nunavut reported
earning close to $121,341 each (+2.0% from 2013). Together,
these individuals reported earning roughly $336 million, which
is about one third (34.0%, down -0.8 p.p. from 2013) of all income
reported in the territory. In comparison, the lowest earning
10% of tax filers reported total incomes of less than
$2,435 each (-7.5% from 2013). Together, these individuals
reported earning $2.0 million, which is less than 1% of all income
earned in the territory that year. This data shows income
In Nunavut is distributed unequally—a fact not uncommon in
Canada. However, there are some important equalizers. First,
Nunavut’s progressive tax system means higher income earners
pay more taxes: the top 10% of income earners comprised
49% of Nunavut’s total assessed personal income taxes in 2013
(-3 p.p. from 2013). Also, these figures do not include substantial
non-income benefits for low earners, like subsidized social
housing.
Total Income = 989 M (tax filers only)
Population of Nunavut: 36,919
989, 000, 000 / 36,919 = 26,788
39 per cent of the territory's population, more than 14,000 Nunavummiut, received income assistance.
Let's crunch the numbers without the 39% on social assistance, who would file tax but not have income.
39% of 36,919 = 14, 398
36,919 - 14,398 = 22,521 (number of people who earned non-Assistance income)
989, 000, 000 / 22,521 = $43,914
If they did file Assistance money as income, then we would take off $44 M from the Total Income.
34.0% of 989 M = 336,260,000
10% of 36,919 = 3,691
$336,260,000 / 3,691 = $ 91,102
Departments:
Community and Government Services
Culture and Heritage
Economic Development and Transportation
Environment
Education
Executive and Intergovernmental Affairs
Family Services
Finance
Health
Justice
Budget:
Family Services 141.5
Community & Govt Services 271
Housing 234
Economic Development 137
Other 364
Health 354
Education 231
Breaking down Budget by Department:
Family Services 141.5
Community & Govt Services 271: Housing 234, Justice
Economic Development (and Transportation) 137
Education 231
Other 364: Executive and Intergovernmental Affairs, Finance, Culture and Heritage, Environment
Health 354