Earlier today, Premier Wynne announced the launch of the Basic Income Pilot Project in three Ontario communities; Hamilton, Lindsay and Thunder Bay.
The Premier said:
“The project will explore the effectiveness of providing a basic income to people who are currently living on low incomes, whether they are working or not. People participating in our pilot communities will receive a minimum amount of income each year— a basic income, no matter what.”
The project will run for a period of three years and will target people making earning less than $17,000 per year. While the program will limit the number of applicants, it is expected that nearly 4,000 households will participate. This is expected to cost the Province $50 million for each year of the program.