cover image: Low income lines, 2011-2012 / : lignes de faible revenu, 2011-2012

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Low income lines, 2011-2012 / : lignes de faible revenu, 2011-2012

12 Oct 2012

On the other hand, the LIM is based solely on the distribution of household income across the Canadian population and is intended as a reference for international comparisons. [...] While HRSDC is responsible for defining the components of the basket and the related concepts, Statistics Canada is responsible for the costing of the components and producing low income statistics. [...] The low income cut-offs (LICOs) are income thresholds below which a family will likely devote a larger share of its income on the necessities of food, shelter and clothing than the average family. [...] The MBM is a measure of low income based on the cost of a specific basket of goods and services representing a modest, basic standard of living. [...] The methodology utilized for calculating the LIMs changed substantially beginning with the release of “Low Income Lines, 2008-2009” and the 2008 Survey of Labour and Income Dynamics.
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ISBN
9781100208442
Pages
39
Published in
Ottawa, Ontario

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