9 results found for "guaranteed annual income"
Research
Providing a comprehensive, one-size-fits-all guaranteed annual income (GAI) is not the best solution to fighting poverty in Canada, according to a new report from the C.D. Howe Institute. In “Toward a New Balance in Social Policy: The Future Role of Guaranteed Annual Income within the Safety Net,” author Peter Hicks urges policymakers to address poverty by using a “bottom-up” approach and…
Op-Ed
The accumulation of past failures in fighting poverty has breathed new life into proposals to introduce a basic income, also known as a Guaranteed Annual Income. Ontario, for example, has a pilot project underway championed by former senator Hugh Segal. But, is the basic income approach, where governments provide direct financial support to low-income people, the best approach?
Basic income…
Op-Ed
The bankruptcy of Sears Canada, and the threat that its underfunded pension plan won't pay what it promised, has caught the attention of members of Parliament. Understandably so. People don't get a second chance at retirement. Getting an annuity less than you counted on is a terrible blow.
After the sponsor of an insolvent pension plan has gone bankrupt, moreover, governments have no happy…
Op-Ed
Low fertility rates, increasing life expectancies and the aging of baby boomers are causing Canada’s old-age dependency ratio to rise. This increase in pensioners relative to the working-age population will strain the sustainability of our social security system. Should the age of eligibility (AOE) for seniors’ programs be raised? If so, when? Since Ottawa seems to be avoiding the problem, we…
Op-Ed
Canada faces a troubling trend in the skills levels of its work force. Despite more Canadians obtaining a postsecondary education between 2003 and 2012, literacy and numeracy skills have slid. What gives?
According to OECD international surveys of adult skills in seven participating countries, including the Netherlands, New Zealand, Australia, Norway, Italy and the United States, the problem with…
Op-Ed
The rise in house prices – especially in Toronto and Vancouver – has coincided with a build-up of risks in the mortgage market and homeowners taking on too much debt relative to their income.
In response, the federal Department of Finance has proposed shifting some of the risk of mortgage defaults onto lenders from insurers, through a mortgage insurance deductible that would come out of the…
