A basic income program similar to the one Ontario is testing would cost Canada around $15 billion annually, says a new study from the Northern Policy Institute.
The study estimates that if Ontario’s basic income were implemented nationwide, it would cost $30 billion per year. But because the program replaces existing welfare and disability support programs, the savings would offset about half the cost of the basic income. “A net cost of $15 billion annually is not only feasible, it is about five per cent of federal government expenditure and much less than we currently spend on seniors’ benefits,” […]
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