CFS 458-B Family Composition-Initial Family Finding-Household Income 2025

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Household income is the adjusted gross income from your tax return plus any excludible foreign earned income and tax-exempt interest you receive during the taxable year.
Household models include families, blended families, shared housing, group homes, boarding houses, houses of multiple occupancy (UK), and single room occupancy (US). In feudal societies, the royal household and medieval households of the wealthy included servants and other retainers.
Household income includes the total gross income for all individuals living in a house who are 15 years or older from various income sources, such as wages and freelance income, rental income, retirement account income, social security payments and welfare payments.
Detailed income sources were aggregated into five broad categories: Employment (wages and salaries), Self-employment (self-employment and farm), Property (dividends, interest, and rents), Transfer (alimony, child-support, workers compensation, education, financial assistance, public assistance and welfare, retirement,
Income can be salary from a job, part time classes, rent from a house or shop, interest received from bank or sale of shares and other investments. It may also be earning from the use of your skills or profit from your household produce etc.
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