What is Lower Class Income in Canada in 2023? Are you Like Us?

lower class income in Canada

Lower class income in Canada is a significant issue, with about 8.8% of Canadians having income below the Low Income Cut-off (LICO) metric in 2014. In 2020, the low-income rate was 9.3%, according to the Low Income Measure (LIM) metric. This article defines what constitutes low income, explains the low-income cut-off meaning, and outlines government … Read more