The Canada Child Benefit has not only lifted kids out of poverty, but it has boosted the country’s economy by $139 billion since 2016, according to a new economic analysis of the initiative being released Thursday.
The benefit, which the report says “acts as a basic income guarantee for families with children” contributes to Canada’s economy and prosperity by increasing family spending on goods and services.
It also shows how a basic income for all Canadians could have a similar payoff, says the analysis, sponsored by UBI Works, a new non-profit initiative led by CEOs from across the country to raise […]
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