Low income cutoffs (LICOs) for 2003

Statistics Canada has released the low income cutoffs (LICOs) for 2003 and low income measures (LIMs) for 2001, before and after tax. LICOs are income thresholds, determined by analysing family expenditure data, where low income families will devote a larger share of income to the necessities of food, shelter and clothing than the average family would. To reflect the differences in the costs of necessities among different community and family sizes, LICOs are defined into five categories of community size and seven categories of family size.

LIMs, on the other hand, are strictly relative measures of low income, set at 50% of adjusted median family income. These measures are categorized according to the number of adults and children present in families, reflecting the economies of scale inherent in family size and composition.