BASIC INCOME NL

An opportunity for a just and equitable recovery.

 

Poverty in this province is a public health crisis.

Basic income is an opportunity to rebalance our province’s social and economic models, which leave thousands of people behind. Nobody in Newfoundland and Labrador should be forced to choose between vital medical care, heating their home, or having enough food to eat. There are many complex issues that Newfoundlanders and Labradorians face, and a basic income is not a solution for all of them - but largely eliminating poverty in this province would certainly be a good start. That is what a basic income would do.

What is a basic income?

1.png

the Basics of Basic Income:

  • Basic income provides cash transfers from government to people to prevent anyone from not being able to pay for basic needs.

  • These cash transfers are usually an amount that brings a recipient’s income to meet the poverty line.

  • Studies have shown that a Basic Income not only keeps people out of poverty, but also allows them to pursue further educational and employment goals.


2.png

How it works:

  • We suggest a model based on a Refundable Tax Credit (RTC), which provides an income for everyone.

  • Using the RTC model, the Basic Income provided to a person would have to be refunded if their income exceeded the threshold.

  • If implemented, this model would replace our current Income Support system and dramatically reduce the cost of poverty.


3.png

Basic Income Helps Everyone:

  • A Basic Income would ensure that everyone is able to meet their basic needs, regardless of their ability to work.

  • When we prioritize the needs of our most vulnerable, we pave the way for a just and equitable society.

  • Implementing Basic Income will not cost more for government or tax payers.

share your story

We’d like to hear from you. If Basic Income had been a reality before the pandemic, what would 2020 have looked like for you? How would things be different? Feel free to share your story in the form below.

Note: all submissions will be anonymous and might be used for future Basic Income campaign work. To protect your confidentiality, please do not include any identifying information in your submission.

 

 

Become a Signatory

To add your name to the Basic Income Policy Paper, email info@basicincomenl.ca.

Learn more about basic income:

Read the Policy Paper to learn about what a Basic Income could look like for Newfoundland and Labrador.

 

Further learning

This video from UBI Works explains how a Basic Income could grow the economy in Atlantic Canada:

 
 
 

Contributors