Low Income Cut-Off (LICO)

Updated 2024

The Low Income Cut-Off (LICO) Table Updated 2024

Welcome to our LICO Table resource page. The Low Income Cut-Off (LICO) table is a crucial tool used across Canada to determine low-income thresholds, impacting access to various financial programs and assistance.

What is the LICO Table?

The LICO table, formulated and maintained by Statistics Canada, serves as a standardized reference point, delineating income thresholds critical for assessing financial stability across different household sizes and locations in Canada. These thresholds signify the minimum income deemed necessary to sustain a modest standard of living within the country.

This invaluable tool plays a fundamental role in identifying households or individuals with incomes falling below the established thresholds. By encompassing various factors such as family size and geographical location, the LICO table offers a comprehensive view of income benchmarks crucial for estimating the expenses necessary for fundamental necessities like food, shelter, and clothing.

With its annual updates, the LICO table remains current and reflective of the evolving economic landscape and cost-of-living adjustments in distinct regions. By delineating these income thresholds, it enables government agencies, policymakers, and organizations to identify and assist those who may require financial support or access to essential services, ensuring an equitable approach in providing aid and fostering financial stability across diverse communities.

How does the LICO Table Work?

The LICO table functions as a pivotal tool in gauging the income thresholds necessary for maintaining a basic standard of living across varying household sizes and geographical locations in Canada. It takes into account the particular needs of different family sizes and the cost of living in various regions.

By encompassing essential elements like food, shelter, and clothing, the LICO table calculates the income required to cover these fundamental necessities. Updated annually by Statistics Canada, this data offers a comprehensive and updated view of income benchmarks.

Through this meticulous analysis, the LICO table showcases the variations in financial requirements among different communities and regions throughout the country. It sheds light on the diverse economic landscapes, ensuring a nuanced understanding of income adequacy based on location and family size.

Understanding these nuances is crucial, as it influences the eligibility for numerous government assistance programs and services. The LICO table serves as a foundation for assessing financial needs, empowering individuals and policymakers to make well-informed choices and allocate resources where they are most needed.

Low Income Cut-Off (LICO)

The LICO table below illustrates income thresholds based on 2024 statistics for various household sizes and locations across Canada:

SIZE OF FAMILY UNIT One person LICO – 6 Months
One person $28,339 $14,170
Two persons $35,282 $17,641
Three persons $43,373 $21,687
Four persons $52,662 $26,331
Five persons $59,728 $29,864
Six persons $67,362 $33,681
Seven persons $74,998 $37,499
If more than seven persons, for each additional person, add $7,634 $3,817


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