The adjustment is expected to cause a bump in poverty rates.
OTTAWA — The national statistics office is looking at changes to the federally adopted poverty line which, if approved, could mean more people are considered to live below the low-income threshold.
The measure calculates the minimum a person or family would have to earn to afford a basket of goods and services needed to reach a modest or basic living standard.close up man hand opening empty wallet over calculator , debt expense bills monthly and credit card at the table in home office , managing payroll,money risk financial concept
Statistics Canada has published reports outlining possible updates to the cost and items in the basket of goods and services, as well as “disposable income” thresholds, which are how much income a family has leftover after accounting for taxes and payroll deductions.
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