Low Income Calculator Canada
Understanding your low income in Canada is crucial for accessing various benefits and services. Our low income calculator Canada helps you determine your low-income status based on your family size and income.
- Enter your annual income in the provided field.
- Select your family size from the dropdown menu.
- Click the ‘Calculate’ button.
The low-income cut-offs (LICOs) in Canada are determined by Statistics Canada. They are updated annually and vary by family size and location. Our calculator uses the latest LICO values to calculate your low-income status.
| Family Size | Annual Income | Low Income Status |
|---|---|---|
| 2 | $30,000 | Not low income |
| 3 | $25,000 | Low income |
| 4 | $35,000 | Not low income |
| Family Size | Low Income Cut-off (LICO) |
|---|---|
| 1 | $22,133 |
| 2 | $27,331 |
| 3 | $32,530 |
- Consider using our calculator to determine your eligibility for various benefits and services.
- Remember that the LICO values are updated annually, so it’s important to use the most recent values.
What is considered low income in Canada?
In Canada, low income is defined as having an income below the low-income cut-off (LICO) for your family size and location.
How is the LICO determined?
The LICO is determined by Statistics Canada based on the cost of a specific basket of goods and services.
For more information, see the Statistics Canada website.