Longitudinal Administrative Databank (LAD)
Modified total income of person, value
Modified total income refers to total income (Employment income, investment and pension income, government transfers, and other income such as scholarships, retiring allowances, and alimony) plus capital gains and registered retirement savings plan withdrawals made by persons under 65, less social benefits repayments. It also includes further adjustments to allocate elected split-pension amounts to the spouse claiming the amount.
Person refers to an individual and is the unit of analysis for most social statistics programs.
The data for this variable are reported using the following measurements:
- Canadian dollar at current prices