Implementing a Basic Income Guarantee Through the Personal Income Tax System
July 18, 2017 | Dr. Lindsay Tedds
The latest report from Northern Policy Institute’s B.I.G. Series argues there are a number of advantages and challenges to using the Personal Income Tax System (PIT) to deliver a basic income guarantee in Ontario. According to Tedds, using the tax system could simplify a very complex, often overlapping process for recipients of social benefits, while at the same time reduce administrative costs. Additionally, the tax system already has the tools to deliver a B.I.G. — namely, through refundable tax credits. The report suggests income accuracy and Canada’s harmonized tax system could prove to be the most significant hurdles to in delivering basic income in this way.
This paper is the fourth of a series that explores the various topics presented at NPI’s Basic Income Guarantee conference in October 2016.
To view presentations from the NPI’s BIG conference and explore comments and feedback from participants, please click here.
- Do We Still Need A Basic Income Guarantee in Canada? by Evelyn L. Forget
- Basic Income Guarantee and First Nations: Cautions for Implementation by Dr. Gayle Broad and Jessica Nadjiwon-Smith
- Implications of a Basic Income Guarantee for Household Food Insecurity by Dr. Valerie Tarasuk
- Show Me the Money: Some Positive Income Trends in Northern Ontario by Kyle Leary