Income Security

Income security is one’s ability to pay for their basic needs without fear of losing their income source. Factors such as lower minimum wage rates and temporary/casual employment can contribute to income insecurity. There are a few possible policy options to increase the amount of income security in Canada, such as increasing minimum wages to a living wage. Basic income is another policy option to try to achieve income security. Basic income guarantees a minimum income level to individuals regardless of their employment status. The resources in this section further explore these ideas.