Decoding Canada’s Poverty: Understanding the Market Basket Measure

With the release of Opportunity for All - Canada’s First Poverty Reduction Strategy, by the Government of Canada, the Market Basket Measure (MBM) was established as Canada's Official Poverty Line. According to the MBM, a family lives in poverty if it does not have enough income to purchase a specific basket of goods and services in its community. In this short video, you will learn how the MBM basket is constructed and compared to a family’s disposable income when measuring poverty statistics in Canada.

[@michaelchernoff9033]

This is a really cool video. I appreciated this explainer.

[@XMG3]

what's the MBM required for living in Vancouver BC ? I make nearly 100k here and I am border line broke

[@StatisticsCanada]

The 2018-base MBM has poverty thresholds for 66 regions across the provinces and territories: 22 specific communities and 44 based on either population size and province combinations or geographical groupings for the territories. For Vancouver the MBM in 2023 was $58,163.