Reports

2021 Election Proposal Costing Baseline

This report presents PBO’s economic and fiscal baseline projection for the 2021 election proposal costing period.

Financial Support for Air Canada

This report is intended to help parliamentarians understand the financial support agreement that the Government of Canada entered into with Air Canada on April 12, 2021.

Federal Program Spending on Housing Affordability in 2021

This report is intended to help parliamentarians understand federal program spending on housing affordability. It provides an update on our 2019 report, Federal Program Spending on Housing Affordability in response to questions raised by parliamentarians.

The planned spending profile for some of the programs identified in this report are dependent on final program design being confirmed.

Cost Estimate for Motion 77: Improvements to Long-Term Care

This report estimates the cost of implementing House of Commons Motion-77, which proposes several financially significant changes to long-term care for seniors. This report was prepared at the request of Mr. Paul Manly, MP for Nanaimo—Ladysmith.

Public debt charges calculator (update)

To use the tool, the user must only enter in the appropriate boxes the expected revenue and spending associated with the measure(s) for which they want to estimate the cost in interest. Interest rates projected by the PBO are then applied to the difference between the revenue and the spending. As a result, the user will be able to see the cumulative surplus/deficit including public debt charges associated with one or more measures. The results are displayed over a 5-year horizon.

Revenue Estimates of M-68: One-time Tax on Extreme Wealth

This report is in response to a request by Member of Parliament Nathaniel Erskine-Smith (Beaches–East York) to estimate the revenues from implementing a one-time tax on extreme wealth outlined in Motion M-68 placed on notice on February 11, 2021. Specifically, it presents PBO’s revenue estimates for imposing a one-time tax on net wealth accumulated up to the end of April 2021 by Canadian resident economic families.

Fiscal Sustainability Report 2021

This report provides PBO’s assessment of the sustainability of government finances over the long term for the federal government, subnational governments and public pension plans.

Cost Estimate of the Firearm Buy-Back Program

In response to a request by Member of Parliament Glen Motz (Medicine Hat—Cardston—Warner), this report estimates, under various scenarios, the cost of firearm compensation as part of the Government’s firearm buy-back program.

Beyond Paris: Reducing Canada’s GHG Emissions by 2030

This report assesses the impacts of the Government’s plan to exceed the 2030 reduction target for Canada’s greenhouse gas emissions under the Paris Agreement.

Supplementary Estimates (A) 2021-22

This note presents a detailed analysis of the Government’s first Supplementary Estimates for the 2021-22 fiscal year, which seeks Parliament’s approval of $24.0 billion.

Impact Assessment of Budget 2021 Measures

This report provides an assessment of the impact of Budget 2021 measures on PBO’s pre-budget economic and fiscal outlook.

Cost Analysis of a Post-secondary Student Relief Package

This report is in response to a request by Members of Parliament Leah Gazan (Winnipeg Centre) and Lindsay Mathyssen (London-Fanshawe) to examine the cost of a set of post-secondary education measures outlined in Private Member’s Motion M-75, Implementation of a Post-secondary Student Relief Package.

Federal Spending on First Nations and Inuit Health Care

Several parliamentarians expressed interest in a PBO analysis, in both dollar and per-capita terms, of provincial/territorial health care funding and funding for First Nations and Inuit by Indigenous Services Canada through the First Nations and Inuit Health Branch.

This report provides an analytical overview of federal and provincial/territorial government health spending for the First Nations and Inuit population. It does not attempt to establish a spending gap between federal government health spending for First Nations and Inuit and provincial/territorial government health spending for all residents of Canada.

Canada’s purchase of the Trans Mountain Pipeline: Financial and Economic Considerations – Updated CDEV Financial Reporting – May 2021

In April 2021, the Canada Development Investment Corporation (CDEV) published its Annual Report for 2020. PBO examined this document as part of our ongoing monitoring of financial reporting on the Trans Mountain Pipeline (TMP) and Trans Mountain Expansion Project (TMEP). 

Budget 2021: Issues for Parliamentarians

To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2021.

Canada Infrastructure Bank Spending Outlook

This report examines the current and projected status of the Canada Infrastructure Bank’s investment commitments and funding disbursements.

Cost Estimate of an Excess Profits Tax

This report estimates the federal corporate income tax revenues that would be generated if an additional 15 percent tax rate was applied to excessive profits earned by big firms in 2020.

Distributional and Fiscal Analysis of a National Guaranteed Basic Income – A focus on Canadians with a disability

On April 7, 2021 PBO published a report regarding a proposed Guaranteed Basic Income (GBI). 

Parliamentarians requested details regarding the distributional impact on Canadians with a disability – specifically those who are eligible for the disability tax credit.

Distributional and Fiscal Analysis of a National Guaranteed Basic Income

Several parliamentarians requested that the PBO prepare a distributional analysis of Guaranteed Basic Income using parameters set out in Ontario’s basic income pilot project, examine the impact across income quintiles, family types and gender, and identify the net federal revenue increase required to offset the net cost of the new program. This analysis also accounts for the behavioural response.

Pre-Budget Outlook

This report updates PBO’s September 2020 Economic and Fiscal Outlook in advance of Budget 2021.