Canada unveils its first-ever Poverty Reduction Strategy.

It followed two years of public consultations and hearings by a Parliamentary Committee. The Strategy sets forth a poverty reduction target of 20% by 2020 and a 50% reduction by 2030.

The Strategy will also create an official measure of poverty: Canada’s Official Poverty Line. This is based on the cost of a basket of goods and services that individuals and families require to meet their basic needs and achieve a modest standard of living in communities across the country.

A report will be published each year measuring progress towards achieving the Strategy’s poverty reduction goals.