Adjusted after-tax income of person not in economic family
Status: This was the recommended standard from September 11, 2013 to March 20, 2016.
Definition
Adjusted after-tax income refers to after-tax income adjusted by a factor that accounts for family size. The adjustment factor takes into account the lower relative needs of additional family members, as compared to a single person living alone.
Person not in economic family refers to persons who do not live in an economic family. This includes persons who live with people none of whom are related to them either by blood, marriage, common-law or adoption or are their foster parent or child. Persons living alone are always included here.
Classifications
- Classification of adjusted after-tax income, deciles September 11, 2013 to March 20, 2016
Additional information
In the context of economic families, adjusted after-tax income is computed as the economic family after-tax income divided by the square root of family size.
In the context of persons not in economic families, adjusted after-tax income is equal to after-tax income. This is equivalent to dividing by the square root of 1.0 for a person not in an economic family.
See:
Relation to previous version
- Adjusted after-tax income of person not in economic family March 21, 2016 to current
This is the current standard.
- Adjusted after-tax income of person not in economic family September 11, 2013 to March 20, 2016
This was the recommended standard from September 11, 2013 to March 20, 2016.
- Date modified: