2026 Canadian Salary Forecast Report

This report presents the findings from HUB International’s 2026 Canadian Salary Forecast Survey, conducted between July and August 2025. The survey collected insights from 185 HR, finance, and business leaders across Canada, aiming to provide a national snapshot of employer compensation planning for the upcoming year. In 2025, salary increases peaked at 3.1%, with projections for 2026 indicating a stabilization at around 3%. The report details regional variations, noting that Quebec is expected to see the highest increases, while Ontario and British Columbia show more moderate trends. The analysis includes structural adjustments to pay ranges, which are projected to rise from 1.6% in 2025 to between 2% and 2.6% in 2026. Additionally, the report discusses the impact of salary freezes and external factors such as U.S. tariffs on compensation strategies. Overall, the findings emphasize a cautious approach to salary planning amid economic uncertainties.