Archive for the ‘Social Security’ Category

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Three points on the GST, to end poverty? Guaranteed income sounds like a good deal

Thursday, April 19th, 2018

The income guarantee in the Ontario Basic Income Pilot, the province notes, is set at 75 per cent of Statistics Canada’s Low Income Measure; combined with “other broadly available tax credits and benefits,” it would be enough to pay for basic household needs. Indeed, it is not far off the low income thresholds defined by StatsCan’s Market Basket Measure. Three points on the GST, to end poverty. I can’t think of a better way to spend public funds.

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Income security should be at the centre of Ontario’s election

Thursday, April 5th, 2018

Our existing income security system is failing to meet Ontario’s needs. It is falling short on adequacy, design, and delivery. It is burdensome for governments to administer and for recipients to navigate. It undermines the economic growth of the province. In the long term, the costs of maintaining this status quo are far greater than the costs of improving the system… It’s time for our party leaders to be open, honest, and ambitious on income security.

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Why the left and right should embrace a universal basic income

Friday, March 16th, 2018

What the evidence from the Ontario pilot suggests is that from a social perspective, a basic income improves mental and physical health, which in turn encourages recipients to find more gainful employment… From an economic point of view, as the global economy continues to change more quickly and drastically than ever before – and government looks at how to ease the economic disruption it will cause – a basic income has the ability to act as a stabilizer.

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What does the federal budget mean for low-income Canadians?

Saturday, March 10th, 2018

Perhaps the most significant aspect of the budget in terms of poverty reduction was the announcement that the Working Income Tax Benefit (WITB) would become the more generous Canada Workers Benefit (CWB). This change… works by topping up the incomes of working people… once wages exceed a certain threshold the amount decreases with each dollar earned until it reaches zero.

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How to make Ontario’s Budget 2018 the Income Security Budget

Monday, February 26th, 2018

Budget 2018 can deliver greater prosperity by increasing support to low-income workers, unpaid family carers, and those excluded from the labour market. In particular, Maytree offers recommendations in four areas: Modernizing Ontario’s response to working poverty… Protecting the poorest from falling further behind… Delivering housing affordability by investing in supply and demand… renewing investment in care and carers

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From ‘barely surviving’ to thriving: Ontario basic income recipients report less stress, better health

Sunday, February 25th, 2018

The three-year pilot project, which began in the Hamilton and Thunder Bay areas last summer and in Lindsay last fall, is testing whether unconditional cash support can boost health, education and housing for people on social assistance or earning low wages. Information gleaned from the three test sites will guide future provincial policy on how to better support all Ontarians living in poverty.

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Pooled Risk Insurance Can Save Seniors from Cat Food

Tuesday, January 23rd, 2018

Longevity insurance can provide a secure income stream at older ages without many of the criticisms associated with traditional annuities, but Canadian tax environment is unfavourable for private-market longevity risk products. MacDonald proposes a national, completely voluntary program that would give retiring Canadians the option to buy into a pooled fund that provides a stable income stream starting at age 85: Canada’s Living Income For the Elderly (LIFE).

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Biting cold exposes deeper rot in Toronto’s attitudes to poverty

Saturday, January 6th, 2018

… fixing short-term inadequacies will have to be paired with a more sweeping strategy involving all three levels of government to improve income security, strengthen mental health, addiction, and overdose prevention services, and make affordable housing the national priority it used to be. None of these things can or will happen until we acknowledge that the austerity consensus in public policy has been a failure; that real efficiency means actually meeting human needs rather than perpetually looking for and inventing new ways to cut public spending

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Quebec’s bold new basic income offer: Does it benefit the right people?

Thursday, December 14th, 2017

… while bolstering support for those unable to work, Quebec continues to embrace punitive measures for those deemed fit to work, particularly single men… beyond severe physical and mental disabilities, there are many barriers to employment, such as illiteracy, poor education, a criminal record and lack of decent work opportunities… There are many perverse disincentives that keep people trapped on welfare.

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Quebec to inject $3 billion into anti-poverty program

Monday, December 11th, 2017

Individuals with a limited capacity to work… By 2023… will see their annual government assistance jump from $12,749 to $18,029, which will bring their income up to the poverty threshold. Quebec will pay a total of $1.2 billion to provide them with a basic income (or guaranteed minimum income), separate from rules imposed in the social assistance program. People deemed fit to work will continue to operate under the current social assistance system, with training and job search bonuses subsidized to varying degrees.

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