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The low income gap is the amount that the family income falls short of the low income cut-off based on the size of the family and the size of the community the family lives in. For example, a family with an income of $15,000 and a low income cut-off of $20,000 would have a low income gap of $5,000. In percentage terms this gap would be 25%.
The low-income gap ratio expresses the low-income gap as a proportion of the applicable LIL. For example, an individual living in a family (or household) with an income of $15,000 and a LIL of $20,000 would have a low income gap of $5,000. In percentage terms, the “low-income gap ratio” would be 25%9.
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Low-income statusrefers to the income situation of the statistical unit in relation to a specific low-income line in a reference year. Statistical units with income that is below the low-income line are considered to be in low income. Personrefers to an individual and is the unit of analysis for most social statistics programs.
The prevalence of low income is the number or percentage of persons in low income. Beyond the prevalence of low income, various low-income indicators can be derived and used to capture the depth of low income. The low-income gap measures by how many dollars an income falls below a low-income line. The low-income gap ratio expresses the low-income g...
'Market Basket Measure (MBM)' refers to Canada's official measure of poverty based on the cost of a specific basket of goods and services representing a modest, basic standard of living. The thresh...'Low-income cut-offs, after-tax (LICO-AT)' refers to income thresholds, defined using 1992 expenditure data, below which economic families or persons not in economic families would likely have devo...'Low-income cut-offs, before-tax (LICO-BT)' refers to income thresholds, defined using 1992 expenditure data, below which economic families or persons not in economic families would likely have dev...'Low-income measure, after-tax (LIM-AT)' refers to a fixed percentage (50%) of median adjusted after-tax income of private households. The household after-tax income is adjusted by an equivalence s...Statistics Canada publishes several low-income lines with which low-income status can be computed. See "Low Income Lines: What they are and how they are created" and "Low Income in Canada - A Multi-line and Multi-index Perspective" from the Income Research Paper Series for detailed definitions and discussions of each line. In 2018, the Government o...
Low-income status of personMarch 21, 2016 to currentThe Market Basket Measure has been designated as Canada's official poverty line.Mar 29, 2024 · In Canada, low income is defined by Statistics Canada’s Low Income Cut-off (LICO). It is based on after-tax income and adjusted for family and community size. In 2020, around 9.3% of Canadians had a low income, according to the Low Income Measure (LIM) metric. Ontario defines low income as an individual’s adjusted net income below $50,000 ...
Jun 25, 2018 · A low-income census tract is an area where more than half of the people living in that census tract meet the definition of low-income. So if a census tract has 4,000 people living in it and more than 50% of those people are low-income, than the entire census tract is considered low-income as well.
Measurements. 'Low-income measure, after-tax (LIM-AT)' refers to a fixed percentage (50%) of median adjusted after-tax income of private households. The household after-tax income is adjusted by an equivalence scale to take economies of scale into account. This adjustment for different household sizes reflects the fact that a household's needs ...
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In 2019, 17.4% of recent immigrants were living in poverty. In 2015, the median income for Black men in Canada was $41,000, which is in contrast to a median income of $56,000 for other men. In 2016, 27% of Black children under 15 were living in poverty. This is in contrast to 14% of other children who were living in poverty.
