This isn’t the first time it’s been tried here; it was first rolled out in the 1970's, coincidentally, when our PM’s father, Pierre was Prime Minister.
Initially, it will be tried in Ontario, probably in a discrete community, but depending on results, it may be applied across the country. Details have not been announced yet, so I have no idea how far-reaching it will be initially, how much it will be, or how it will be administered. Denmark and Finland are also experimenting with it;
The pros: money will go to people who will actually spend it in the local economy, unlike, say, corporations with off-shore investments. People will be able to maybe go back to school, or stay in school, do needed repairs on their car, so they can travel further to get a better job, start their own business, pay rent AND buy food ...
The cons: Layabouts will be layabouts. The results from the original Canadian experiment apparently found that only new mothers and students worked less than they had before the “Mincom” experiment.