Money for all: ruling party approves guaranteed income for Canadians

Money for all: ruling party approves guaranteed income for Canadians

The Liberals supported the resolution despite the Prime Minister's opposition.

At an online Liberal Party meeting, delegates backed a resolution calling for a universal basic income in Canada. The idea was supported by 77% of Liberals.

With nearly 9 per cent of Canadians now living below the poverty line, supporters of a basic income emphasize that such a system would guarantee people financial security. Speaking to delegates, Alex Spears of the Young Liberals of Canada said that a universal income would provide "a strong and reliable social safety net adapted to the realities of the 21st century". He also said the programme would help lift millions of Canadians out of poverty.

Most recently, Yves Giroux, head of Canada's Parliamentary Budget Commission, published a report that says a basic income will help reduce poverty in Canada by 49% by 2022. But it would require billions of dollars in spending.

The Liberal Party, led by Prime Minister Justin Trudeau, is currently the ruling party in Canada. The prime minister himself does not support the introduction of a basic income system.

Guaranteed (or unconditional) basic income is a system of regular payments from the state to all residents of the country, regardless of income, availability of work and other factors. The resolution does not say exactly how the payments will be calculated, whether they will be the same for everyone, and so on.

The full article is only available to members of the Immigrant.Today community.
Log in to your account to read it for free.

Login to the site

Source
  • #Canada news
  • #basic income in Canada
  • #guaranteed basic income in Canada
  • #unconditional basic income in Canada
  • #benefits in Canada
  • #jobs in Canada
  • #income in Canada
  • #personal income in Canada
  • #immigration to Canada
  • #life in Canada
  • #moving to Canada