Archive: May, 2017

Household Formation and the Housing Stock - May 2017 update

This report responds to the 10 May 2017 request by the Honourable Elizabeth Marshall to provide an update of the 13 December 2016 PBO report “Household Formation and the Housing Stock:  A Stock-Flow Perspective”. The report provides updated estimates of household formation and the housing stock in Canada, as well as an updated medium-term outlook for the housing sector.

Following the Dollar—Tracking Budget 2016 Spending and Tax Measures

This note tracks the implementation of Budget 2016 spending and tax measures in the fiscal year 2016-17.

Supplementary Estimates (A) 2017-18

This note presents a detailed analysis of the Government’s first supplementary estimates for the 2017-18 fiscal year.

A Primer on Public Transit Tax Credit

In response to a request by the Member of Parliament for Carleton, the Honourable Pierre Poilievre, the PBO has prepared a short background primer regarding the potential impacts of eliminating the federal Public Transit Tax Credit.

Sensitivity of PBO’s Fiscal Outlook to Economic Shocks

The PBO has prepared sensitivity estimates of our fiscal outlook to three types of economic shocks.  An interactive web application has also been launched, which allows the public to assess how changing certain macroeconomic assumptions for growth and interest rates will affect the PBO fiscal projection.

PBO remarks to Standing Senate Committee on National Finance

PBO remarks to the Standing Senate Committee on National Finance on the changes to the PBO's mandate and operations, as set out in Bill C-44.

Reforms to the Office of the Parliamentary Budget Officer Proposed in Bill C-44

This discussion paper is intended to assist members of the Senate and the House of Commons as they study clauses 128 to 129 and 131 to 190 in Division 7 of Part 4 of Bill C-44, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures (Bill C-44).

Consultations with Parliamentary Budget Office stakeholders - Nanos Research Presentation, December 16th, 2016

PBO publishes the conclusions of Nanos’ stakeholder consultations in the form of focus groups and elite interviews. The consultations had the overall objective of allowing the PBO to gauge a better understanding of drivers of satisfaction for its stakeholders with the products, reports and analyses it provides them, and thereby improve its service to parliamentarians and stakeholders. 

The Canada-EU Comprehensive Economic and Trade Agreement - A Prospective Analysis

PBO looks at the projected impact on Canada of the Comprehensive Economic and Trade Agreement (CETA). Though the agreement is extensive, its impact in aggregate on the Canadian economy is likely to be small in comparison to NAFTA. Nonetheless, for individual sectors the impact could be significant since there are quite a few sectors whose goods currently have tariffs that exceed 10 per cent.

Canada’s trade in services with the European Union will also be affected as a number of non-tariff trade impediments are reduced. Since they are starting from a low level, the dollar change in trade would be relatively small. But as a proportion of existing trade, the change could be notable.

Canada will also extend market exclusivity on existing drugs by about 2 years. This will prevent the entry of cheaper generics into the market, and prolong a stream of royalty and dividend payments to entities outside Canada. It will thus also have a small impact on Canada’s external balance.

PBO remarks to the Standing Committee on Finance

PBO remarks to the House of Commons Standing Committee on Finance