rizmayo
Hero Member
- Aug 17, 2013
- 42
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Canada has certain benefits for low income families, which you will loose if you are categorized in high income.Suleman Aziz said:what do you mean by high income category as this is the first landing?
if the amount is transfered through bank account than 50,000CAD will not put him in high income category???
Please clear my understanding. Thank you
The method of determining this is based on some factors and a cutoff value is determined based on your family size.
If you have more than LICO (Low income Cut-Off) amount you will not get the low income benefits.
http://www.statcan.gc.ca/pub/75f0002m/2012002/lico-sfr-eng.htm
Regards,