New report shows how to improve income security for everyone

Basic Income Earth Network

new report from the Basic Income Canada Network (BICN) details how Canada could improve income security for everyone, with three options for a basic income for adults, while maintaining current child benefits for those under 18.

“We’ve seen interest in basic income grow far beyond theoretical debates. BICN is now frequently asked what it would look like in Canada,” said Chandra Pasma, a member of the BICN Advisory Council and co-author of the report.

“Our report clearly shows there are multiple options Canadian governments could use to implement a successful basic income program.”

A basic income is an unconditional cash transfer from government to individuals to enable everyone to meet their basic needs, participate in society, and live with dignity, regardless of work status. The call for a basic income is growing, including from public health and environmental sectors, Nobel laureate economists, marginalized communities and people concerned about precarious work and technological disruption. The urgent need to reduce inequality and its costly consequences has led some researchers, advocates, and politicians to the conclusion that basic income is inevitable.

Statistics Canada’s Social Policy Simulation Database and Model (SPSD/M) was used to model the funding of the options, combining existing resources with changes to the tax/transfer system, including tax fairness measures. All options are based on BICN’s principles and goals–to reduce inequality, including inequality between women and men; prevent poverty; provide everyone with greater income security, including middle-income earners; and ensure the wealthiest individuals and corporations contribute their fair share. Each option in the report, Basic Income: Some Policy Options for Canada, meets these overall goals.

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