April 27, 2017

Ontario Basic Income | Free Money Up to $16,989 per year for a single person

Ontario will soon be launching a pilot project to provide basic income in selected Ontario regions: Thunder Bay, Hamilton and Lindsay.  Through this experiment Ontario will make an assessment wether a basic income can better support vulnerable workers, improve health and education outcomes for people on low incomes.

Ontario Basic Income | Free Money Up to $16,989 per year for a single person

 Here's a video about Ontario's Basic Income Pilot Project.

 

Here's a quote form: News.Ontario.Ca
Premier Kathleen Wynne announced details of the Ontario Basic Income Pilot (OBIP) project today at LiUNA Station in Hamilton. The three-year study will test how a basic income might expand opportunities and job prospects of those living on low incomes while providing greater security for them and their families. 
Ontario's economy is in a relatively strong position, however many people in the province are not feeling that growth in their everyday lives. People are struggling to keep up with the rising cost of living and facing "precarious employment" with little job security or benefits. This pilot will study whether a basic income can bridge that gap and give people the security and opportunity they need to achieve their potential. 
Three regions will take part in the study. Pilots will start in late spring in Hamilton, including Brantford and Brant County; and in Thunder Bay and the surrounding area. The third pilot will start by this fall in Lindsay.
The Basic Income model Ontario has developed will ensure that eligible participants receive:
  • Up to $16,989 per year for a single person, less 50 per cent of any earned income
  • Up to $24,027 per year for a couple, less 50 per cent of any earned income
  • Up to an additional $6,000 per year for a person with a disability.
A basic income supports people to begin or continue working, or to further their education. Participants in the pilot will be able to increase their total income by combining a basic income with 50 cents from every dollar they earn at work.
More information about Ontario Basic Income Pilot here.

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