All Reports

Economic and Fiscal Update 2019: Issues for Parliamentarians

To assist parliamentarians in their pre-budget deliberations, this report identifies key issues arising from the Government’s Economic and Fiscal Update published on 16 December 2019.

Canada’s purchase of the Trans Mountain Pipeline: Financial and Economic Considerations – Updated CDEV Financial Reporting (November 2019)

In November 2019, the Canada Development Investment Corporation (CDEV) published its Third Quarter Report for 2019. PBO examined it as part of its ongoing monitoring of financial reporting on the Trans Mountain Pipeline (TMP) and Trans Mountain Expansion Project (TMEP).

Supplementary Estimates (A) 2019-20

The Supplementary Estimates (A) 2019-20 is the first of two planned Supplementary Estimates in 2019-20 and supports the third appropriation bill for the current fiscal year.

Economic and Fiscal Outlook – November 2019

Consistent with the Parliamentary Budget Officer’s legislated mandate, this report provides PBO’s economic and fiscal outlook.

The Cost of Canada’s Surface Combatants: 2019 Update

This report provides an updated cost estimate of the Canadian Surface Combatant (CSC) program from the 2017 PBO report, “The Cost of Canada’s Surface Combatants.”

Public debt charges calculator

Within the framework of the next electoral campaign, the PBO developed a tool that estimates the interest charges from one or more electoral proposal.

Preliminary Findings on International Taxation

This report presents PBO findings on international taxation, in response to Senator E. Percy Downe’s request to the Parliamentary Budget Officer in 2012.

Election Proposal Costing Baseline

This report provides PBO’s economic and fiscal baseline projection for the 2019 election proposal costing period.

Cost Estimate of Full Expensing for Depreciable Property

In response to a request from a member of Parliament, the PBO has prepared a cost estimate of the federal government introducing 100% expensing to match the recent U.S. tax change in the Tax Cuts and Jobs Act (TCJA). The cost estimate is based on 100% expensing for eligible property from 2019 to 2023, which is then phased-out and reduced by 20% per year beginning in 2024.

Federal Program Spending on Housing Affordability

This report is intended to help parliamentarians understand federal program spending on housing affordability.

Closing the gap: carbon pricing for the Paris target (Revised June 20, 2019)

This report provides an estimate of the additional carbon price that would be needed to achieve Canada’s greenhouse gas emissions target in 2030 under the Paris Agreement, as well as an estimate of the corresponding impact on the Canadian economy.

Analysis of Active versus Passive Management of Canadian Public Pension Plans

The purpose of the report is to provide analysis on the performance of actively managed federal public pension funds, specifically the funds managed by the Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSPIB), and to compare the returns to that of a passive management strategy.

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

In May 2019, the Canada Development Investment Corporation (CDEV) published its 2018 Annual Report and 2019 First Quarter Report. PBO examined the most recent current operating results of the existing Trans Mountain Pipeline (TMP) system and the newly published sensitivity analysis of goodwill impairment.

Cost Estimate of the Removal of GST from Residential Energy Use (Revised)

This report is a response to a motion adopted by the House of Commons Standing Committee on Finance to estimate the financial cost of private Members’ bills and motions on the Order of Precedence in the House of Commons. Motion M-230 was placed on the Order of Precedence on 11 April 2019 and states that the government should remove the Goods and Services Tax (GST) from home energy bills.

Costs Associated with Replacing the Federal Pay System

This report provides an independent estimate of the cost of replacing the Phoenix pay system, the current payroll processing system that administers pay for federal public servants.

Cost of Administering the Federal Fuel Charge and Climate Action Incentive

In response to interest expressed by parliamentarians regarding the implementation of new federal carbon policies, the Parliamentary Budget Officer (PBO) undertook an analysis of related administration costs.

Economic and Fiscal Outlook - April 2019

Consistent with the Parliamentary Budget Officer’s legislated mandate, this report provides PBO’s economic and fiscal outlook.

Costing Budget 2019 Measures

In preparation for the upcoming 2019 federal general election, PBO used the Budget 2019 as an
opportunity to assess its existing capacity to cost a variety of policy initiatives within a limited period.

The Government’s Expenditure Plan and Main Estimates for 2019-20

This note examines the federal government’s Expenditure Plan and Main Estimates for 2019-20, which supports the second appropriation bill that will seek Parliament’s approval of $125.7 billion.

Fiscal and Distributional Analysis of the Federal Carbon Pricing System (Revised May 23, 2019)

This report provides a fiscal and distributional analysis of implementing a federal carbon pricing system in Ontario, New Brunswick, Manitoba and Saskatchewan. PBO estimates that the federal government will generate $2.63 billion in carbon pricing revenues in 2019-20. The vast majority of revenues ($2.43 billion) will be generated through the fuel charge; the balance, roughly $197 million, will be generated by output-based pricing. Households will largely bear the cost of the pricing system through their consumption of energy used for residential and transport purposes, and carbon charges embodied in non-energy products.  Regions currently using carbon-intensive energy can expect higher costs.  The federal government has stated that all proceeds from the fuel charges will be returned directly to households and particularly affected sectors in Ontario, New Brunswick, Manitoba, and Saskatchewan. Except for the richest 20%, most households will be better off on a net basis because the amount of the rebate will exceed their average carbon cost.