These are the current Low-Income Cut-Off (LICO) levels setup by the Government of Canada for a given family group:
Size of Family Unit | Minimum necessary income |
---|---|
1 person (your child or grandchild) | $23,647 |
2 persons | $29,440 |
3 persons | $36,193 |
4 persons | $43,942 |
5 persons | $49,839 |
6 persons | $56,209 |
7 persons | $62,581 |
More than 7 persons, for each additional person, add | $6,362 |