This report provides an updated scenario analysis to help parliamentarians gauge potential economic and fiscal implications of the COVID-19 pandemic and recent oil market developments. This report incorporates announced federal budgetary measures up to and including 24 April 2020.
This report provides an updated scenario analysis to help parliamentarians gauge potential economic and fiscal implications of the COVID-19 pandemic and recent oil market developments. This report incorporates announced federal measures up to and including 7 April 2020.
This report estimates the financial cost of complying with a Canadian Human Rights Tribunal decision (2019 CHRT 39) as it relates to First Nations children taken into care. It was prepared at the request of Mr. Charlie Angus, Member of Parliament for Timmins-James Bay.
This report provides a scenario analysis to help parliamentarians gauge potential economic and fiscal implications of the COVID-19 pandemic and recent oil market developments. This report incorporates data available up to and including 23 March 2020. Unless otherwise specified, all rates are reported at annual rates.
La présente note contient l’estimation du Bureau du directeur parlementaire du budget (DPB) concernant les répercussions économiques et financières découlant des perturbations sur le réseau de transport ferroviaire de février 2020 en raison de barricades sur des voies ferrées et d’autres manifestations.
This note examines the federal government’s Expenditure Plan and Main Estimates for 2020-21, which supports the first two appropriation bills that will seek Parliament’s approval of $125.1 billion.
To assist parliamentarians in their role to scrutinize the raising and spending of public monies, this report provides an overview of the revenues and spending measures associated with the Government of Canada’s surtaxes on steel, aluminum, and other goods.
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 note presents a detailed analysis of the Government’s second supplementary estimates for the 2019-20 fiscal year, which seeks Parliament’s approval of $3.8 billion to be spent before March 31, 2020.
This report provides parliamentarians with an assessment of the state of the labour market in Canada.
A series of temporary changes to the Canada Student Loans Program (CSLP) that are in effect for one loan year, 2020-21 :
- Doubling of maximum Canada Student Grant (CSG) amounts for full-time students and part-time students, as well as for students with permanent disabilities and students with dependents;
- Suspending student and spousal contributions; and
- Raising the maximum weekly Canada Student Loan (CSL) amount from $210 per week to $350 per week.
Seniors who qualify for the Old Age Security (OAS) pension will receive $300. Individuals who also qualify for the Guaranteed Income Supplement (GIS) will receive another $200. Individuals receiving a spousal allowance will receive $500. All are tax-free one-time payments.
PBO estimates total net cost of this measure to be $2,478 million in the 2020-21 fiscal year. This includes a cost of $2,015 million for the one-time OAS pension payments, $426 million for the one-time GIS payments, and $37 million for the one-time spousal allowance payments.
Introducing rent assistance for small businesses.
The rent assistance will be provided through forgivable loans to property owners leasing property to eligible small businesses. In order to qualify for a forgivable loan in relation to the rent paid by an eligible small business, the property owners must have signed an agreement to lower the rent of a tenant small business by at least 75% and to not evict the tenant in April, May, or June of 2020. The loan will be forgiven if rents are in fact lowered by at least 75%.
Eligible small businesses are those who:
1. pay no more than $50,000 in monthly gross rent per location;
2. generate no more than $20 million in annual gross revenues, calculated on a consolidated basis; and
3. have temporarily ceased operations (i.e. generating no revenues) or have experienced at least a 70% decline compared to pre-COVID-19 revenues.
The loans will cover 50% of the gross rent owed by impacted small business tenants during the 3-month period of April, May and June 2020. Loans and loan forgiveness will be available retroactively, provided an application is made by 31 August 2020. Most provinces bear 25% of the cost of the program, up to a cap based on 25% of the initially estimated cost of the program; however, the cost of the program will not be shared in the territories or PEI.
Cost Estimate of Bill S-209: An Act to Amend the Department for Women and Gender Equality Act
Providing eligible employers with a temporary wage subsidy for a period of three months from March 18, 2020 to June 19, 2020.
Introducing a wage subsidy for employers with reduced revenues.
Canada Emergency Response Benefit (CERB) is a taxable benefit that would provide $500 a week for up to 16 weeks for workers who lose their income due to reasons related to COVID-19. This includes Canadians who have lost their job, are sick, quarantined, taking care of someone who is sick with COVID-19 as well as working parents who must stay home without pay to care for children who are at home because of school and daycare closures.
The Canadian Armed Forces (CAF) are employing a projected total of 10,000 reservists on full-time contracts in response to the current COVID-19 pandemic and potential operational requirements associated with seasonal flooding and forest fires during the Spring and Summer months. This estimate covers the incremental salary cost of employing reservists on full-time contracts for a period beginning in April, 2020 and ending on August 31st for a total of 144 days and includes employee benefit costs, temporary duty allowances, deployment costs, and support costs.
Businesses, including self-employed individuals, can defer until June 30, 2020 payments of the Goods and services tax (GST)/Harmonized sales tax (HST), as well as customs duty owing on their imports.
Effective March 15, 2020 to March 14, 2021, and not limited to one specific sector or industry, the Government of Canada introduced temporary special measures to the Work-Sharing (WS) program to support employers and employees affected by COVID-19. These include extending the maximum duration of a WS agreement from 38 weeks to 76 weeks, waiving the mandatory cooling off period for those already using the WS program, easing recovery plan requirements, and expanding eligibility.