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.
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).
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.
This blog post is designed to assist parliamentarians in understanding CIB’s capability in identifying and investing in infrastructure projects, consistent with its mandate. We aim to build upon our previous reports on infrastructure spending, with a focus on Canada Infrastructure Bank.
On July 24, 2020 the Parliamentary Budget Officer (PBO) reported on costs incurred from the Government’s policy of allowing employees to use pay code 699 paid leave for other reasons. Guidance from the Treasury Board Secretariat (TBS) allowed for employees to request 699 leave for a variety of reasons including being sick with COVID-19, having to quarantine, not being able to access the technology they need to complete their work, and having to care for dependents.
To assist parliamentarians’ deliberations in the context of a post-COVID economic recovery, this blog post summarizes PBO’s estimates of potential impacts of government spending and tax measures on the Canadian economy. We also provide estimates of the sensitivity of the budgetary balance to various types of economic shocks.
Due to the COVID-19 pandemic resulting in many Canadians working from home, the government introduced a simplified flat rate home office expense deduction for the 2020 tax year. This will allow taxpayers to claim deductions up to $400, based on the length of time working from home, without the need to track detailed expenses. This blog post provides supplementary information to the PBO’s Costing Note published on 4 February 2021 on the Simplifying the Home Office Expense Deduction.
The objective of this blog post is to illustrate the increased sensitivity of public debt charges to interest rate shocks and summarize the status of the Government’s plan to borrow at longer maturities.
This blog post highlights the implicit assumptions used in FES 2020 and approximates a 7-year outlook for the EI Operating Account.
This blog post provides supplementary information on the qualifying provinces and their respective payments underlying PBO’s 20 January 2021 costing of the Fiscal Stabilization Program (FSP).