OTTAWA — The government’s fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up to 40 per cent.

In a new report published Wednesday, Parliamentary Budget Officer Yves Giroux said that a Canadian family in the lowest earning group could expect to receive an average of $6,100 in annual disposable income through such a program.

The cost of sending out cheques to qualifying Canadians could reach $107B in 2025, but the majority of that would be offset by cuts or tax credits{ai:summary}<p>A report from Canada's Parliamentary Budget Officer suggests that a federal guaranteed basic income program could reduce poverty rates by up to 40%. Families in the lowest income bracket could receive an average of $6,100 in annual disposable income. </p><p>#economy</p>

Guaranteed basic income could cut poverty rates up to 40%, PBO report says

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