Income Security



Definition of Poverty
Low income is defined by Statistics Canada as having to spend greater than 20% of their gross income on food, shelter and clothing.

Monthly Budget Example for Family of 4
This family will pay 68.7% of after tax income on food and rent combined. 

Income
Main source of income:       $1,777.00 (One adult making minimum wage - $10.25 x 40 hrs/week)
Additional credits:               $ 737.00
Total Income (before tax):    $2,514.00
17% Taxes (approx.):          $427.38     

Expenses
Apartment Rent                    $1,033.14 (without hydro)
Cost of healthy food              $ 694.49

Money left over:                    $358.99

What still needs to be paid?  UTILITIES, CLOTHING, TRANSPORTATION, PHONE, PERSONAL CARE