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Wednesday, February 5, 2003 Low-income cutoffs for 2002Low-income cutoffs (LICOs) for 2002, before and after taxes, are now available. LICOs are income thresholds, determined by analysing family expenditure data, below which families will likely devote a larger share of income to the necessities of food, shelter and clothing than the average family would. To reflect differences in the costs of necessities among different community and family sizes, LICOs are defined for five community-size and seven family-size categories. LICOs are updated each year using the annual Consumer Price Index. Although LICOs are often referred to as poverty lines, they have no official status as such, and Statistics Canada does not recommend their use for this purpose.
For more information, refer to the publication Low-income cutoffs from 1992 to 2001 and low-income measures from 1991 to 2000, (75F0002MIE, 2002, no. 5, free), available on Statistics Canada's website (). From the Our products and services page, under Browse our Internet publications, choose Free, then Personal finance and household finance. To order this report or custom tabulations, or to enquire about the concepts, methods or data quality of this release, contact Client Services (1-888-297-7355; 613-951-7355; fax: 613-951-3012; income@statcan.gc.ca), Income Statistics Division. |
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