Effective from January 1 to December 31, 2020. Your child or grandchild may use the following income scale to assess their ability to meet the income requirements. Low Income Cut-Off (LICO) Size of Family Unit Minimum necessary gross income 1 person (your child or grandchild) $25,921 2 persons $32,270 3 persons $39,672 4 persons $48,167 5 persons $54,630 6 persons $61,613 7 persons $68,598 More than 7 persons, for each additional person, add $6,985