UBI isn't the best solution out there, it is a highly polarized idea, and funding for a program on scale would cost ~~trillions~~ Billions, requiring trillions in revenue to be a viable option.

I think a better idea is a reform of taxation.

First $50,000 of income is not taxed.

$50,001-$100,000: Taxed at 15% $100,001-$500,000: Taxed at 25% $500,001-$1,000,000: Taxed at 40% $1,000,000-$10,000,000: Taxed at 50%

$10,000,001+: Taxes increase by 10% per $10,000,000 earned to a cap of 80%

This would essentially create the conditions of UBI, help to increase funding for support for those who cannot work or are unable to work full time, and the rich finally get to pay their share.

These are also really rough numbers just as an example for the idea.

Edit:

For those who do not believe that UBI is unsustainable on scale:

The idea of UBI: "Universal Basic Income (UBI) is a social welfare concept that proposes providing all citizens or residents of a particular country or region with a regular, unconditional sum of money, regardless of their income, employment status, or wealth"

There are 32,708,656 Canadians as of 2024 aged 20 or older according to population estimates.

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501

The 2023-2024 total revenues for Canada was $459.5 billion.

https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2024.html#a9

The article cites the experiment where the participants received either $16,989 CAD/year as a single person or $24,027 CAD/year. UBI is supposed to be the same payment regardless of any status, so I am going to use the single person amount for scale.

32,708,656 * $16,989 = $555,687,356,784

$555,687,356,784 - $459,500,000,000 = $96,187,356,784

Canada would need to make almost $100 billion more in revenue every year just to cover UBI, and that does not include anything else Federal revenue is used for.

UBI is not sustainable on scale, and there are better options.