How could basic income work in N.L.? This coalition has a plan

CBC News

A grassroots coalition of basic income advocates has taken the first step toward a concerted push for the policy in Newfoundland and Labrador.

Anti-poverty workers spanning 10 community organizations met Wednesday to release a policy paper envisioning how the province can implement a basic income model, which would provide a baseline minimum income for all adult residents.

The paper — “A Basic Income for Newfoundland and Labrador: Opportunities, Options and Analysis” — recommends a refundable tax credit framework based on a percentage of the poverty line, which Statistics Canada has drawn at $22,050 annually. If the paper’s recommendations are followed, no one in the province would drop below this threshold.

A cash injection on that scale would require multiple streams of revenue, the paper proposes.

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