Comparing the LIFT Credit to a Minimum Wage Increase

About this Document

This analysis is based on Statistics Canada’s Labour Force Survey (January-December 2018) and Statistics Canada’s Social Policy Simulation Database and Model (SPSDM). The assumptions and calculations underlying the simulation results were prepared by the Financial Accountability Office of Ontario and the responsibility for the use and interpretation of these data is entirely that of the authors. Details of the FAO’s methodology is available upon request.

External reviewers provided comments on early drafts of this report. The assistance of external reviewers implies no responsibility for the final product, which rests solely with the FAO.

This analysis was prepared by Matt Gurnham (Director), Matthew Stephenson (Senior Financial Analyst), and Jeffrey Novak (Chief Financial Analyst).

With a contribution from Luan Ngo.

About the FAO

Established by the Financial Accountability Officer Act, 2013, the Financial Accountability Office of Ontario (FAO) provides independent analysis on the state of the Province’s finances, trends in the provincial economy and related matters important to the Legislative Assembly of Ontario. Visit our website at http://www.fao-on.org/en/ and follow us on Twitter at https://twitter.com/InfoFAO.

© Queen’s Printer for Ontario, 2019