Programs and credits that could potentially be replaced by basic income
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Existing PolicyTypeLevel of GovernmentEst. Annual Cost (in millions)Tax Increase? On whom?NotesSource
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$40,573
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Tuition Tax Credit (including transfers and carry forwards)Tax CreditFederal$1,345Yes, postsecondary students & parentshttp://www.fin.gc.ca/taxexp-depfisc/2012/taxexp1201-eng.asp#toc346014052
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Tuition and education creditsTax CreditBritish Columbia$39Yes, postsecondary students & parents
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Tuition and education credits (including transfers)Tax CreditAlberta$134Yes, postsecondary students & parents
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Tuition and edcuation creditsTax CreditOntario$335Yes, postsecondary students & parentshttp://www.fin.gov.on.ca/en/budget/fallstatement/2012/transparency.html
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Children's Fitness Tax CreditTax CreditFederal$120Yes, parents of kids in qualifying programs.
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Canada Child Tax CreditTax CreditFederal$10,049Yes, parents.
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Basic Personal AmountTax CreditFederal$6,250Yes, all personal income earners above thresholdEach $1,000 of the BPA is estimated to cost $2.5 billion. Total cost of existing tax expenditure is $30.7 billion.
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Basic Personal CreditTax CreditOntario$400Yes, all personal income earners above thresholdOne-tenth of the total cost of this tax credit.http://www.fin.gov.on.ca/en/budget/fallstatement/2012/transparency.html
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Basic Personal AmountTax CreditBritish Columbia$87Yes, all personal income earners above thresholdHalf the cost of reversing the 17.4% increase in the basic personal amount in BC.http://www.bcbudget.gov.bc.ca/2013_June_Update/bfp/2013_June_Budget_Fiscal_Plan.pdf
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Basic Personal AmountTax CreditAlberta$374Yes, all personal income earners above thresholdOne-tenth of the total cost of this tax credit.http://www.finance.alberta.ca/publications/budget/budget2013/fiscal-plan-tax-plan.pdf
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GST/HST CreditHST Tax ExpenditureFederal$4,180Yes, low-income earners
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Ontario Tax CreditHST Tax ExpenditureOntario$1,140Yes, low-income earnershttp://www.fin.gov.on.ca/en/budget/fallstatement/2012/transparency.html
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QST CreditHST Tax ExpenditureQuebec$525Yes, low-income earnershttp://www.finances.gouv.qc.ca/documents/Autres/en/AUTEN_TaxExpenditures2010.pdf
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HST CreditHST Tax ExpenditureBritish Columbia$321Yes, low-income earnersTo become a PST credithttp://www.bcbudget.gov.bc.ca/2013_June_Update/bfp/2013_June_Budget_Fiscal_Plan.pdf
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Social assistanceExpenditureOntario$7,090http://www.fin.gov.on.ca/en/reformcommission/chapters/ch8.html#_ftn2
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Ontario Child BenefitTax CreditOntario$935~$100 per month per child up to 4 childrenhttp://www.fin.gov.on.ca/en/reformcommission/chapters/ch8.html#_ftn2
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Quebec Child AssistanceTax CreditQuebec$2,119http://www.finances.gouv.qc.ca/documents/Autres/en/AUTEN_TaxExpenditures2010.pdf
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Social Assistance ProgramExpendtureQuebec$1,5482012http://www.bdso.gouv.qc.ca/disco_layout_1/viewer?cn=cf_a150&wb=KEN_MA301010H0604_01&ws=Tableau&qp_p_element=4997&qp_p_niv_aff_temps=2&qp_p_id_temps=&qp_p_niv_aff_tertr=1&qp_p_id_tertr=&qp_p_session=98966
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Social Solidarity ProgramExpenditureQuebec$1,2952012http://www.bdso.gouv.qc.ca/disco_layout_1/viewer?cn=cf_a150&wb=KEN_MA301010H0604_01&ws=Tableau&qp_p_element=4997&qp_p_niv_aff_temps=2&qp_p_id_temps=&qp_p_niv_aff_tertr=1&qp_p_id_tertr=&qp_p_session=98966
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Income AssistanceExpenditureBritish Columbia$1,672http://www.bcbudget.gov.bc.ca/Annual_Reports/2012_2013/pdf/ministry/msd.pdf
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Low Income Climate Action Tax CreditTax CreditBritish Columbia195
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Income SupportExpenditureAlberta421
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