Canada to Trial Guaranteed Minimum Income

Canada is seeing increased public and government support for a guaranteed minimum income, with a pilot-project set for 2017.

by Global Risk Insights
Financial Sense

As automation, digitization, and globalization alter labor market dynamics, calls are increasing for governments to augment their poverty strategies. One such proposal is the introduction of a guaranteed minimum income in order to provide for essentials and reduce poverty. Canada is planning a pilot project in Ontario to study the potential benefits of a guaranteed minimum income scheme.

2016 Marks Turning Point for Guaranteed Minimum Income in Canada

The provincial budget released by Ontario’s Liberal government in March includes a plan to launch a guaranteed minimum income pilot project. Ontario Premier Kathleen Wynne and finance minister Charles Sousa announced the trial project earlier this spring, as part of the new budget.

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