Canadian new basic income experiment: like 593.48 euros per month in Estonia

Person involved in basic income experiment of Ontario, Canada, will get 16 989 CAD (11486,82 EUR) per year if one doesn’t have any other income. In other words 957,24 euros per month.

To be more clear let’s use OECD statistics – comparative price levels and “convert” these numbers to the Estonian conditions. So we find out that a basic income with the same purchase power would be here 593,48 euros per month. Estonian price level is 62% of Canadian one. In Canada, the cost of goods and services is 1.6 times higher than in Estonia.