A Bold Canadian Program That’s Reducing Poverty and Growing the Economy
It's Good For The Economy
CCB contributes $46B annually to the Canadian economy – exceeding the economy of Nova Scotia
CCB related spending drives $85B / year in revenues & 18B in gross profits to businesses
453,000 full time equivalent jobs are contributed by the CCB, 2.5% of the Canadian labor force
Every dollar invested drives $2 of GDP and more than 55 cents of is recouped in taxes from economic activity
Drives $4 of GDP for every dollar it costs
Has caused $27B in private capital investment and and $77B in wage growth since inception
It's Good For Families
Keeps 588,000 children and 250,000 families out of poverty & raises family incomes of another 750,000 children above $20k/yr
Grew the middle class: median incomes for families with one child up by almost $4,000 / year and families with four children up by nearly 19,000
For the more than half of the recipients whose household’s earn more than $60,000/year, the CCB helps keep them in the middle class.
Better access to nutritious food and improved physical, mental, and cognitive health outcomes, mean that these children will do better in school and in life
Canada Has Demonstrated A National-Scale Basic Income
Over 400,000 families are receiving more than $1,000 / month
Over 225,000 families are receiving more then $1400 / month
100,000 low income single moms are receiving $1000 / month
1.1M families are receiving more than $600 / month
67% of Canadian families are helped with CCB
90% of children under 18 are in families that get CCB
Canada has had 3 years (since CCB payment expansion) of economic growth, low inflation, and more people working with unemployment levels at 40 year lows.
Excerpts from exciting new study by UBIworks. Click link to visit and see the complete report.