The proposed methodology for the 2023-base Market Basket Measure of poverty
Statistics Canada is proposing updates to the Market Basket Measure (MBM) of poverty, creating a "2023-base MBM" to ensure it accurately reflects the current cost of a modest, basic standard of living, with preliminary data suggesting a slight increase in both the poverty threshold and rate compared to the 2018-base. This revised methodology, which also includes updates for the Northern Market Basket Measure (MBM-N), is currently under review with stakeholders, and finalization is expected in fall 2025.