COVID-19 benefits suggest income transfers could further reduce child poverty: report
The group notes that this was the largest annual decline since the federal government pledged to end child poverty in 1989. The change seen over a single year accounted for nearly half of the decline in the poverty rate over two decades.Campaign 2000 is offering 50 recommendations to further reduce poverty, including creating a supplement to the Canada Child Benefit that would target the poorest families.
A Statistics Canada report published last year also highlighted how pandemic benefits helped narrow income inequality, as lower-income households saw their after-tax income grow at a faster rate than others.Between 2015 and 2020, the low-income rate recorded its largest decline, falling from 14.4 per cent to 11.1 per cent. Statistics Canada said the decline was largely driven by higher government transfers both through pandemic benefits and the Canada Child Benefit.
“If you look back at the data, we haven’t seen such a powerful role for government transfers pushing against these forces since about the mid-1990s,” Corak said.Even if poverty reduction was a secondary goal of the pandemic-driven transfers, the progress builds on the federal Liberals’ 2018 pledge to dramatically reduce poverty in Canada.Using 2015 as a benchmark, the government committed to a 20 per cent reduction in poverty by 2020, and 50 per cent by 2030.
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