Basic income
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Basic income$700monthly
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Canadian population34,897,000people
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Labour force28,870,400people
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Basic income total$24,427,900,000monthly
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Minus current transfer payments$11,353,916,667monthly
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Extra taxes to be collected$13,073,983,333
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Income bracket Under $5,000 (including loss) $5,000 to $9,999 $10,000 to $14,999 $15,000 to $19,999 $20,000 to $24,999 $25,000 to $29,999 $30,000 to $34,999 $35,000 to $39,999 $40,000 to $44,999 $45,000 to $49,999 $50,000 to $54,999 $55,000 to $59,999 $60,000 to $64,999 $65,000 to $69,999 $70,000 to $74,999 $75,000 to $79,999 $80,000 to $84,999 $85,000 to $89,999 $90,000 to $99,999 $100,000 to $124,999 $125,000 to $149,999 $150,000 and over
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Population (percent)2%2.5%4.2%6.2%5.9%5.8%6.3%6.2%6%5.6%5.1%4.1%4.3%3.8%3.4%3.2%2.9%2.8%4.4%7%3.8%4.3%
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Population577,408721,7601,212,5571,789,9651,703,3541,674,4831,818,8351,789,9651,732,2241,616,7421,472,3901,183,6861,241,4271,097,075981,594923,853837,242808,3711,270,2982,020,9281,097,0751,241,427
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Median annual income$2,500$7,500$12,500$17,500$22,500$27,500$32,500$37,500$42,500$47,500$52,500$57,500$62,500$67,500$72,500$77,500$82,500$87,500$95,000$112,500$137,500$150,000
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Monthly income$208$625$1,042$1,458$1,875$2,292$2,708$3,125$3,542$3,958$4,375$4,792$5,208$5,625$6,042$6,458$6,875$7,292$7,917$9,375$11,458$12,500
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Total income (monthly)$120,293,333$451,100,000$1,263,080,000$2,610,365,333$3,193,788,000$3,837,357,333$4,926,012,000$5,593,640,000$6,134,960,000$6,399,605,333$6,441,708,000$5,671,830,667$6,465,766,667$6,171,048,000$5,930,461,333$5,966,549,333$5,756,036,000$5,894,373,333$10,056,522,667$18,946,200,000$12,570,653,333$15,517,840,000
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Total monthly income$139,919,190,667
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Required income tax rate9.34%
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Under $5,000 (including loss) $5,000 to $9,999 $10,000 to $14,999 $15,000 to $19,999 $20,000 to $24,999 $25,000 to $29,999 $30,000 to $34,999 $35,000 to $39,999 $40,000 to $44,999 $45,000 to $49,999 $50,000 to $54,999 $55,000 to $59,999 $60,000 to $64,999 $65,000 to $69,999 $70,000 to $74,999 $75,000 to $79,999 $80,000 to $84,999 $85,000 to $89,999 $90,000 to $99,999 $100,000 to $124,999 $125,000 to $149,999 $150,000 and over
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Monthly income$208$625$1,042$1,458$1,875$2,292$2,708$3,125$3,542$3,958$4,375$4,792$5,208$5,625$6,042$6,458$6,875$7,292$7,917$9,375$11,458$12,500
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Basic income contributions-$19-$58-$97-$136-$175-$214-$253-$292-$331-$370-$409-$448-$487-$526-$565-$603-$642-$681-$740-$876-$1,071-$1,168
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Basic income$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700$700
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Net income$889$1,267$1,644$2,022$2,400$2,778$3,155$3,533$3,911$4,288$4,666$5,044$5,422$5,799$6,177$6,555$6,933$7,310$7,877$9,199$11,088$12,032
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Difference$681$642$603$564$525$486$447$408$369$330$291$252$213$174$135$97$58$19-$40-$176-$371-$468
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Effective tax rate-326.66%-102.66%-57.86%-38.66%-27.99%-21.20%-16.50%-13.06%-10.42%-8.34%-6.66%-5.26%-4.10%-3.10%-2.24%-1.49%-0.84%-0.26%0.50%1.88%3.23%3.74%
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