July 7, 2020
A six-month national basic income program identical in design to a pilot project once offered in Ontario would cost at least $47.5 billion, according to a new report from the Parliamentary Budget Officer (PBO).
The COVID-19 pandemic has increased calls for a guaranteed minimum income program, which proponents say would protect lower-income Canadians from financial challenges both during and after the crisis.
The amounts would be equal to up to 75 per cent of the low-income measure, calculated as half of median household income. In 2020, it is equal to $24,439 for individuals and $34,562 for couples.