Skip to content

Instantly share code, notes, and snippets.

@trishume
Created August 8, 2016 00:43
Show Gist options
  • Star 0 You must be signed in to star a gist
  • Fork 0 You must be signed in to fork a gist
  • Save trishume/a627da4661801580a62c1fbd4bf4318b to your computer and use it in GitHub Desktop.
Save trishume/a627da4661801580a62c1fbd4bf4318b to your computer and use it in GitHub Desktop.
Canada Basic Income Calculations

Basic Income

Calculations done by Tristan Hume for a public policy class report.

basic income = $10,000/year

number of adult citizens = 27131010 => 27,131,010 total cost = number of adult citizens * basic income => $271,310,100,000/year

Stuff in Canada that could be eliminated

CANSIM Table 206-0021

old age security = $39.8e9/year => $39,800,000,000/year EI = $17.2e9/year => $17,200,000,000/year social assistance = $13.7e9/year => $13,700,000,000/year other transfers = $14.6e9/year => $14,600,000,000/year CPP = $47.5e9/year => $47,500,000,000/year total spending = EI + social assistance + old age security + CPP + other transfers => $132,800,000,000/year

Calculations

(2014 numbers)

CANSIM Table 206-0051

avg govt transfer = $5100 people above 16 = 28,684,000

http://www.esdc.gc.ca/en/reports/ei/regular_benefits/apply.page#h2.12 max EI payout = $27,924/year basic income replaces = basic income / max EI payout => 0.3581

replaceable spending = (EI* basic income replaces) + social assistance + old age security => $59,659,575,991.9782/year basic incomes paid without extra tax = replaceable spending / basic income => 5,965,957.5992 fraction of pop paid for free = basic incomes paid without extra tax / people above 16 => 0.208

total govt transfers 1 = avg govt transfer * people above 16 => $146,288,400,000 total govt transfers 2 = $146,588,000,000

total income 2014 = $42600 * 28,684,000 => $1,221,938,400,000 total income 2013 = $42000 * 28,486,000 => $1,196,412,000,000 total income cra 2013 = $1226271866 => $1,226,271,866

net cost = total cost - replaceable spending => $211,650,524,008.022/year

Taxes 2

Tax Statistics

num on OAS = 5487300 => 5,487,300 num on social = 1636300 => 1,636,300 num on EI or other = 2454290 => 2,454,290 total paid = num on OAS + num on social + num on EI or other => 9,577,890

OAS per person = old age security / num on OAS => $7,253.1117/year social per person = social assistance / num on social => $8,372.5478/year EI per person = EI / num on EI or other => $7,008.1368/year

total income tax paid = $185352672000/year => $185,352,672,000/year

Funding

(2013 numbers) http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-canada.pdf http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-denmark.pdf https://www.oecd.org/tax/revenue-statistics-france.pdf

canada tax rate = 30.6%

canada total taxes = $562,722,000,000/year profit(rate) = ((rate / canada tax rate) * canada total taxes) - canada total taxes denmark profit = profit(48.6%) => $331,012,941,176.471/year OECD avg profit = profit(33.7%) => $57,007,784,313.7256/year france profit = profit(45.2%) => $268,488,274,509.804/year sweden profit = profit(42.8%) => $224,353,215,686.274/year

tax increase = (canada total taxes + sweden profit) / canada total taxes => 1.3987

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment