Economic analysis of child benefit bolsters case for national basic income

Economic analysis of child benefit bolsters case for national basic income

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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