The Office of the Superintendent of Bankruptcy has recently released the 2011 Income Standards.
The Superintendent’s Standards are derived from the Low Income Cutoffs (LICO) released by Statistics Canada. The Superintendent uses the before-tax LICO for urban areas with 500,000 people or more.
The 2011 standards are updated adding to the 2009 LICO, the 2010 Consumer Price Index (CPI) of1.84% plus a 2.1% adjustment reflecting the 2011 CPI expectation.