Four thousand Ontarians will be handed cash from the government in a pilot basic income program.

A single person is likely to receive almost $17,000 while a couple would receive $24,000 which should cover their basic needs including food and housing.

The recipients will be randomly chosen from those that are unemployed, working poor and homeless, and will all be from Hamilton.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: