Budget officer pegs cost of basic income

Providing almost all Canadians with a basic income for six months beginning this fall could cost about $98 billion, the parliamentary budget officer said in a report on the eve of a preview of how COVID -19 will shape government spending until next spring.

The figure is the upper range of the scenarios the budget watchdog was asked to research as part of a report released Tuesday morning as policy-makers consider how to shape emergency supports set to expire in the fall.

Planned federal spending to date on pandemic-related aid now tops about $174 billion, in a range of programs meant […]

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