A report shows #BasicIncome can speed up Canada’s recovery & grow the economy sustainably. The report, which will be presented during a webinar on Saturday December 12, outlines the following anticipated results from a national basic income program:
$80B/yr in GDP
$15B/yr business investments to expand/hire
$32B/yr in total wages
3.2M families out of poverty
The study, by the Canadian Centre for Economic Analysis (CANCEA) provides a first ever look at the impacts of a national Basic Income. The report shows how poverty can be ended, while growing a trickle-up economy in a sustainable way.
The report projects UBI would
- Lift 3.2 million families out of poverty, ending poverty;
- Give a raise to a majority of Canadians by increasing disposable income; and
- Help children, single-parent families, and the most precarious people in Canadian society
All while creating jobs, supporting Canadian businesses, and accelerating Canada’s economic recovery by years.