Jean-Yves Duclos, federal minister of families, children and social development, stated to both CBC Radio and the Globe and Mail last week that a guaranteed minimum income is a policy worthy of discussion, once the promised enhancements to child tax benefits occur — an existing kind of minimum income for families with children.
From The National Post:
When Prime Minister Justin Trudeau gave his ministers their marching orders shortly after taking office, he instructed Families, Children and Social Development Minister Jean-Yves Duclos to make relieving poverty on a national scale a top priority. But did he mean for that to eventually take the form of a basic income guarantee?
A basic income guarantee is known by many names, including a guaranteed annual income, a minimum income and a negative income tax, among others. But the essence is that it ensures everyone an income that is sufficient to meet their basic needs, regardless of work status. It provides a direct cash transfer to the people who most need economic security.Read more