Parliamentary budget officer says basic income program could halve poverty rate

Parliamentary budget officer says basic income program could halve poverty rate

OTTAWA — The pressure on the federal Liberal government to introduce a universal basic income ratcheted up a notch Wednesday with a report from the parliamentary budget officer that suggests it could cut poverty rates in Canada by almost half in one year.

The report landed just one day before the opening of a three-day virtual Liberal convention, where Liberal MPs and grassroots party members from east to west are pushing the idea in top priority policy resolutions.

However, the hefty price tag — estimated by budget officer Yves Giroux at $85 billion in 2021-22, rising to $93 billion in 2025-26 […]

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