Up to $22 billion in COVID aid may have gone to high-income Canadians: Fraser Institute study

During the height of the pandemic the government unveiled several programs designed to help Canadians faced with sharp drops in their incomes.

Jason Clemens, executive vice president of the Fraser Institute and a co-author of the report, said that might have been justifiable when the program first launched in April, but with two extensions having happened there is no reason new eligibility rules couldn’t have been put in place.Article content continued

If those people made at least $5,000 in 2019, and lost their incomes this year, they qualified for CERB and Clemens said that potentially gave them more income in 2020 than they saw before the pandemic. The study estimates that a maximum of $11.8 billion in CERB payments could have gone to young people with part-time jobs who are dependents in families with more than $100,000 in annual income.That figure assumes that they had a part-time income in 2019, lost it or saw reduced hours in 2020 and then applied for CERB. A further $7 billion could have gone to spouses in similar circumstances in families making more than $100,000.

The study also looked at payments made to seniors, which the government implemented to cover the increased costs of the pandemic.

High incomer loses job. Has no more income. Needs help like the rest of us. What am I missing?

What the Fraser Institute doesn't seem to mention is that high income earners will have that money clawed back rather quickly but hey it's not like they have an agenda or anything ... 🤣

It's essentially meaningless. Did any of that supposed $22B remove a chicken from the grocery store shelf? Did it increase the cost of the someone's rent? The real issue is our competitiveness going forward. Maybe the $22B helped.

The CREB can be clawed back from those that don't qualify. Thanks though Fraser Institute for being a Monday morning quarterback during an international emergency that's not over.

Anyone who quotes the Koch funded conservative AstroTurf Fraser Institute automatically loses their credibility.

so are you saying high income Canadians should not get support from the Government? Is that your belief , that high income Canadians are less worthy of help from Government? Is it? Yes or No?

This is all speculation, not news. Rev Can can claw it all back next spring when their tax returns are submitted. Where’s the news story here?

Kleptocrats don’t care where they spend. As long as they can funnel some of it to themselves and their friends, their plan is to spend as much as possible. They’ll spin it all as “helping those in need” while all they’re doing is impoverishing everyone.

True story on the child benefit. We received it and my income has not qualified us for years. We donated it to charity as it did not seem right to give it to us. I had a number of customers and coworkers who could not figure out why they got it or even where the money came from.

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