In Canada, a tool is used to represent the income level at which a family may face hardship because it must spend a greater proportion of its income on food, shelter, and clothing than the average family of similar size.What is this tool called?

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The low-income cut-off (LICO) is a tool used in Canada to represent the income threshold below which a family may face financial hardship due to spending a higher proportion of its income on basic needs such as food, shelter, and clothing. This measure is based on the household's size, community size, and whether the household lives in a rural or urban area. The LICO is designed to reflect the cost of a modest but basic standard of living in different parts of Canada.

In Canada, a Tool Is Used to Represent the Income