Bill S-206 primarily aims to create a national framework for implementing a guaranteed livable basic income. This framework seeks to ensure a decent standard of living for all Canadians and reduce poverty by supplementing existing social programs.

The main provisions of the bill include establishing consultations with provinces and territories to develop the details of the national framework. The bill also outlines the establishment of criteria to determine eligibility and the amount of the guaranteed basic income.

Bill S-206 does not directly amend other laws, but it could influence the revision of current social and fiscal policies to integrate the guaranteed basic income into the existing system.

Canadians of all ages and regions could be affected by this framework, particularly those living below the poverty line or relying on social assistance programs. Provincial and territorial governments will also be involved in the consultation and implementation process.