B.C. to explore how basic income could work in the province

British Columbia has asked a team of experts to explore how providing people with a basic income could work in the province.

The province's minority NDP government promised to implement a basic income pilot in its agreement with the Green Party that allowed it to take office last summer.

B.C. Green Leader Andrew Weaver said poverty is becoming more complex as jobs become less secure and the cost of living skyrockets, especially in the Lower Mainland.

"In light of these trends, our social safety net needs updating. Basic income has the potential to provide British Columbians real economic security as they deal with these changes, and it could help us adapt and move forward as a society," he said.

The 2018 budget committed $4 million over two years to the project.

A basic income usually refers to a payment to eligible people that ensures a minimum income level, regardless of whether they're employed.

Ontario has launched a basic income pilot project that provides payments to 4,000 low-income people in communities including Hamilton, Brantford, Thunder Bay and Lindsay.

To read more, click here.