On July 18, 2017, the Minister of Finance announced consultations on tax planning strategies involving the use of private corporations. This report analyzes potential changes to the taxation of corporate passive investment income, one of the policy proposals put forth as part of the consultations.
Approximately 3.2 million to 5.0 million Canadians have low income.
In 2016, the Government committed to developing a poverty reduction strategy. To support parliamentarians in their deliberations regarding this strategy, the Parliamentary Budget Officer initiated a census of all existing federal support and services to low income Canadians and vulnerable groups.
Overall, we identified 75 federal initiatives that provide roughly $57 billion of financial support or services to people with low income and other vulnerable groups in 2017-18—55 programs with expenditures of $39.3 billion and 20 tax expenditures that provided $17.5 billion.
This report identifies key issues arising from the Government’s Fall Economic Statement.
This note presents a detailed analysis of the Government’s second supplementary estimates for the 2017-18 fiscal year.
Consistent with the Parliamentary Budget Officer’s legislated mandate, this report provides PBO’s economic and fiscal outlook.
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.
This report provides an in-year estimate of Canadian gross domestic product in 2017 and the Government of Canada’s budgetary balance in 2016 - 17 and 2017-18, based on data released since our April 2017 Economic and Fiscal Outlook.
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. http://www.pbo-dpb.gc.ca/en/fiscal-tool
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).
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.
This report responds to the 4 February 2016 Standing Committee on Finance motion that “consistent with the Parliamentary Budget Office (PBO) mandate to provide independent analysis about the state of Canada’s finances and trends in the national economy (as outlined in section 79.2 of the Parliament of Canada Act), the PBO provide an economic and fiscal outlook to the Committee the fourth week of October and April of every calendar year, and be available to appear before the Committee to discuss its findings shortly thereafter.”
This report provides an in-year estimate of Canadian GDP in 2016 and the Government of Canada’s budgetary balance in 2016-17 based on data released since our October 2016 Economic and Fiscal Outlook.
Government expenditures for the first half of 2016-2017 were $136.5 billion, an increase of 3.7% over the same period last year. This growth lags the overall increase in budgeted spending (5.6%), owing to delays in implementing the Government’s economic priorities, in particular new infrastructure investments.
This report outlines considerations for parliamentarians regarding the Government’s proposals to reform the Business of Supply.
To assist parliamentarians in their pre-budget deliberations, this report identifies key issues arising from the Government’s Fall Economic Statement 2016.
In response to the 4 February 2016 Standing Committee on Finance motion, this report provides PBO’s economic and fiscal outlook.
This report extends PBO’s medium-term analysis to assess the fiscal sustainability of Canada’s federal government, subnational governments and public pension plans.
In response to a request from member for Elgin-Middlesex-London, Mrs. Karen Vecchio, the PBO has prepared estimates of the financial impact of the Budget 2016 measures for the requested eight types of families with children.