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flag A Canadian report suggests a universal basic income could cut poverty by 40%, at a cost of up to $107 billion.

flag The Parliamentary Budget Officer in Canada reports that a universal basic income (UBI) program could reduce the national poverty rate by up to 40%. flag Low-income families could gain an average of $6,100 annually, but higher earners might see income decreases due to tax changes. flag Implementing a UBI is estimated to cost between $92 billion and $107 billion by 2025. flag The report highlights that lower-earning Canadians' wages are not keeping up with rising living costs.

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