Costing Budget 2018 Measures

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Costing Budget 2018 Measures.pdf

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In preparation of the upcoming 2019 federal general election, PBO used Budget 2018 as an opportunity to assess its existing capacity to cost a variety of policy initiatives within a short period of time.  Upon publication of Budget 2018, PBO assessed all new measures for their eligibility for independent costing.

PBO had the capacity and resources available to produce an independent cost estimate within a short period of time for 10, including:
• Canada Workers Benefit – Enhancement and Accessibility;
• EI Parental Sharing Benefit (Supporting Equal Parenting);
• Foregone Tariff Revenues from CPTPP;
• Supporting Early-Stage Mineral exploration by Junior Companies;
• Expanding the Medical Expense Tax Credit for Psychiatric Service Dogs;
• Tobacco Taxation;
• Cannabis Taxation;
• Deductibility of Employee Contributions to the Enhanced Portion of the Quebec Pension Plan; and,
• Improving Access to the Canada Child Benefit and Other Benefits.
• Extending Tax Support for Clean Energy;
These estimates include a five-year projection, beginning in the 2018-19 fiscal year, and are incorporated into PBO’s Economic and Fiscal Outlook for April 2018.  Summary Table 1 presents PBO’s estimates of the costs of these 10 measures from 2017-18 to 2022-23.  In addition to direct costs, these estimates include the costs associated to a behavioural response, administrative costs and expected revenue offsets, when feasible.
Overall, our summed net fiscal cost estimates are greater than those of the government.