Income Security: A Roadmap for Change
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• Social Assistance, through:<br />
• A trans<strong>for</strong>med structure that gives all adults access to a consistent level of<br />
support regardless of living situation<br />
• A shorter wait time <strong>for</strong> earnings exemptions in Ontario Works<br />
• Modern income and asset rules that support people to maximize the<br />
income available to them and save <strong>for</strong> the future<br />
• People in Deepest Need, through:<br />
• Substantial increases to social assistance income support so these<br />
programs can do the “heavy lifting” necessary to meet deep and immediate<br />
need and to respond to the urgent problems people trying to get a foothold<br />
in the labour market now face<br />
The total estimated cost of these key elements is $32 billion annually as of 2020–21<br />
(Year 3): $810 million in 2018–19, $241 billion in 2019–20, and $32 billion in 2020–21<br />
As noted earlier, such an investment must be considered in a broader context of<br />
prior decisions and current spending—$32 billion represents:<br />
• 9% of <strong>for</strong>egone spending in social assistance over the last 22 years ($36 billion)<br />
• Less than 5% of federal and provincial income security benefits provided<br />
to Ontarians ($657 billion)<br />
• Approximately 6% of the projected health sector expenses in Ontario<br />
($518 billion) 112 <br />
112 Based on figures from the Financial Accountability Offce of Ontario. Please see<br />
http://www.fao-on.org/en/Blog/Publications/Health_Spending_02398<br />
162 <strong>Income</strong> <strong>Security</strong>: A <strong>Roadmap</strong> <strong>for</strong> <strong>Change</strong>