Cities Reducing Poverty- Impact Report 2020

Tamarack Institute’s Vibrant Communities – Cities Reducing Poverty (VC–CRP) is celebrating Canada’s progress towards ending financial poverty. According to Statistics Canada (2020), one million fewer Canadians were living in poverty in 2018 than were in 2015, with the national poverty rate dropping by 24% – from 14.5% to 11.0%. In addition, the number of Canadians living in relative low income (Low Income Measure – After Tax) also declined from 14.2% to 12.3% between 2014 and 2018. These rates represent the lowest in Canadian history (Employment and Social Development Canada, 2019). Child poverty rates have been following a similar downward trend, with 367,000 fewer children living in poverty in 2018 than were in 2012 (Statistics Canada, 2020), with much thanks to the new Canada Child Benefit. Poverty rates amongst seniors are the lowest of three age brackets, in large part due to benefits such as the Guaranteed Income Supplement (GIS) that top up Canada Pension Plan (CPP) earnings for low-income seniors.

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Tamarack Institute