2017-18 Report on the Activities of the Office of the Parliamentary Budget Officer

2017-18 Report on the Activities of the Office of the Parliamentary Budget Officer

Taxation of employer-provided health-benefits - Report revised June 1, 2018

The PBO has prepared an estimate of the fiscal impact of including employer-paid health benefits in an individual’s taxable income.

The Impact of a Pan-Canadian Carbon Pricing Levy on PBO’s GDP Projection

This report provides additional detail related to the economic impact of the carbon pricing levy presented in PBO’s April 2018 Economic and Fiscal Outlook.
 

Cost Estimate for Bill C-394: An Act to amend the Income Tax Act (parenting tax credit)

Consistent with PBO’s mandate, this report estimates the net fiscal cost resulting from an implementation of a private member’s bill, Bill C-394 which amends the Income Tax Act to establish a tax credit with respect to maternal and parental benefits, and would "provide a tax credit that would offset any taxes owing on their maternity and parental leave."

The Government’s Expenditure Plan and Main Estimates 2018-19

This note examines the federal government’s Expenditure Plan and Main Estimates for 2018-19, which supports the second appropriation bill that will seek Parliament’s approval of $112.9 billion.

Patent restoration and the cost of pharmaceuticals

This report pulls together a number of databases so as to estimate the cost of recent regulatory changes governing patented pharmaceuticals. It compares the cost of patented innovative medicines with that of non-patented prescription medicines. That comparison is then used to make inferences regarding the annual cost of prolonging market exclusivity for a class of drugs similar to patented innovative medicines.

Economic and Fiscal Outlook - April 2018 - Report revised May 14, 2018

Consistent with the Parliamentary Budget Officer’s legislated mandate, this report provides PBO’s economic and fiscal outlook.

The Borrowing Authority Act and Measures of Federal Debt

Recent changes to the Financial Administration Act require the Government of Canada to seek parliamentary approval to borrow in debt markets. The Government has done so with the Borrowing Authority Act, which came into force on 23 November 2017.

This report was prepared to address two areas of confusion that have arisen in committees and debates following Budget 2018:

  1. How was this new debt aggregate calculated?
  2. How should it be used to scrutinize government borrowing?

Costing Budget 2018 Measures

On September 21, 2017, the

On September 21, 2017, the Parliament of Canada Act was revised to expand the PBO’s mandate to include estimating the financial cost of election campaign proposals.  In preparation of the upcoming 2019 federal general election, PBO has independently estimated the fiscal impact of 10 revenue and spending measures announced in Budget 2018.
This report reflects the PBO’s active response to this mandate expansion, containing independent cost estimates that were prepared and published in less than 60 days.

Costing a National Guaranteed Basic Income Using the Ontario Basic Income Model

This report responds to a request of Mr. Pierre Poilievre (Carleton–CPC) to estimate the cost of establishing a guaranteed basic income program at the national level. PBO takes the policy parameters of Ontario’s basic income pilot project and applies them across the country to estimate the cost of a guaranteed basic income (GBI), and then compares the estimated cost to the current federal support for low income. The annual gross cost of expanding the Ontario Basic Income Pilot across the country would amount to an estimated $76.0 billion in 2018-2019. By 2022-2023, it would reach nearly $79.5 billion.

Status Report on Phase 1 of the New Infrastructure Plan

This report provides status report on Phase 1 of the Government’s New Infrastructure Plan, which was announced in Budget 2016 and intended to stimulate economic growth over the short-term.  

 

Update on Costs of Incarceration

This report updates the Parliamentary Budget Officer’s estimates of the financial costs associated with offenders in federal custody. For this analysis the costs associated with correctional interventions and internal services are not included.

Federal Financial Support to Provinces and Territories: A Long-term Scenario Analysis

This report provides a long-term scenario analysis of the three largest federal transfers:  Equalization, the Canada Health Transfer and the Canada Social Transfer.

Federal Personnel Spending - Past and future trends

This report examines federal personnel spending, including: (i) recent trends in spending on federal personnel , (ii) PBO’s medium-term forecast for personnel spending  and (iii) analysis of important cost drivers underlying PBO’s personnel forecast.

Budget 2018: Issues for Parliamentarians

To assist parliamentarians in their budget deliberations, this report highlights key issues arising from Budget 2018.

Income Sprinkling Using Private Corporations

This report analyzes potential changes to the taxation of dividends paid to family members of the
owners of a Canadian-controlled private corporation (CCPC), one of the policy proposals put forth
as part of the consultations and confirmed in Budget 2018.

Supplementary Estimates (C) 2017-18

This note presents detailed analysis of the third supplement to the Government’s Main Estimates for the 2017-18 fiscal year.

PBO Work Plan 2018-19

Cost Estimate for Bill C-364: An Act to amend the Canada Elections Act and to make a consequential amendment to another Act (political financing)

Bill C-364 is a private member’s bill that seeks to amend the Canada Elections Act by reducing annual individual political contribution limits while reintroducing public funding for registered political parties through quarterly allowances.  There is also a consequential amendment to the Income Tax Act, impacting the amount individuals can claim as tax credits for political contributions. This report estimates the cost of Bill C-364.  

Economic and Fiscal Monitor - January 2018

This report provides an in-year estimate of Canadian gross domestic product in 2017 and the Government of Canada’s budgetary balance in 2017 18, based on data released since our October 2017 Economic and Fiscal Outlook, up to and including 12 January 2018.

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