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About: Poverty in Canada     Goto   Sponge   NotDistinct   Permalink

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Poverty in Canada refers to the state or condition in which a person or household lacks essential resources—financial or otherwise—to maintain a modest standard of living in their community. Researchers and governments have used different metrics to measure poverty in Canada including Low-Income Cut-Off (LICO), Low Income Measure (LIM), and Market Basket Measure (MBM). In November 2018, Employment and Social Development Canada announced the establishment of Canada's first Official Poverty Line to be based on the Market Basket Measure (MBM). The MBM considers the cost of a basket of basic goods and services needed by a family of two adults and two children to maintain a modest standard of living.