This report presents PBO’s economic and fiscal baseline projection for the 2021 election proposal costing period.
This report is intended to help parliamentarians understand the financial support agreement that the Government of Canada entered into with Air Canada on April 12, 2021.
This report is intended to help parliamentarians understand federal program spending on housing affordability. It provides an update on our 2019 report, Federal Program Spending on Housing Affordability in response to questions raised by parliamentarians.
The planned spending profile for some of the programs identified in this report are dependent on final program design being confirmed.
This report estimates the cost of implementing House of Commons Motion-77, which proposes several financially significant changes to long-term care for seniors. This report was prepared at the request of Mr. Paul Manly, MP for Nanaimo—Ladysmith.
This report is in response to a request by Member of Parliament Nathaniel Erskine-Smith (Beaches–East York) to estimate the revenues from implementing a one-time tax on extreme wealth outlined in Motion M-68 placed on notice on February 11, 2021. Specifically, it presents PBO’s revenue estimates for imposing a one-time tax on net wealth accumulated up to the end of April 2021 by Canadian resident economic families.
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.
In response to a request by Member of Parliament Glen Motz (Medicine Hat—Cardston—Warner), this report estimates, under various scenarios, the cost of firearm compensation as part of the Government’s firearm buy-back program.
This report assesses the impacts of the Government’s plan to exceed the 2030 reduction target for Canada’s greenhouse gas emissions under the Paris Agreement.
This note presents a detailed analysis of the Government’s first Supplementary Estimates for the 2021-22 fiscal year, which seeks Parliament’s approval of $24.0 billion.
This report provides an assessment of the impact of Budget 2021 measures on PBO’s pre-budget economic and fiscal outlook.
This note was prepared at the request of Mr. Maxime Blanchette-Joncas, MP for Rimouski-Neigette—Témiscouata—Les Basques.
Introducing a tax credit of up to $3,000 per year, to a maximum cumulative amount of $8,000, for recent graduates working in a designated region. The designated regions are usually rural or remote. The tax credit will be available beginning in 2021.
The PBO estimates that the cost will peak at $129 million in 2023-24. It will then decrease slightly over the next two years before reaching a steady state in 2025-26. It will then grow at the same rate as the target population.
Introducing immediate expensing for eligible property (most capital property except generally long-lived assets) acquired by a CCPC on or after Budget Day and that becomes available for use before January 1, 2024, up to a maximum amount of $1.5 million per taxation year. The availability of other enhanced deductions under existing rules – such as the full expensing for manufacturing and processing machinery and equipment and for clean energy equipment, introduced in the 2018 Fall Economic Statement – would not reduce the maximum amount available under this new measure.
Temporary enhancements to the Work-Sharing (WS) program, currently effective between March 15, 2020 and September 26, 2021 will be extended for one additional year. This includes the extension of the maximum duration of a WS agreement from 38 weeks to 76 weeks, the waiving of the mandatory cooling off period for employers already using the WS program, the easing of the recovery plan requirements, and the expansion of eligibility criteria.
Bill C-206 amends the Greenhouse Gas Pollution Pricing Act to extend the exemption for qualifying farming fuel to marketable natural gas and propane. This note updates a prior PBO costing to account for the federal carbon pricing backstop rising to $170/Gt by 2030.
This measure offers up to $40,000 in interest-free loans to eligible homeowners and landlords to complete deep home retrofits recommended through an authorized EnerGuide energy assessment.
This measure builds on a program put forward in the 2020 Fall Economic Statement, which provided funding for up to one million free energy audits and up to 700,000 grants of up to $5,000 for homeowners to complete energy efficient home improvements.
- Providing a one-time taxable payment of $500 in August 2021 to OAS pensioners who will be 75 or over as of June 2022. This will include seniors whose OAS pensions have been fully clawed back through the OAS Recovery Tax.
- Increasing OAS payments for pensioners 75 and over by 10 per cent on an ongoing basis as of July 2022.
Waiving the waiting period for EI beneficiaries who establish a new claim between January 31, 2021, and September 25, 2021. This includes claims for regular, fishing, and special benefits and will allow people who apply during that period and return to work before exhausting all their weeks of entitlement to benefit from an additional week of income support. The maximum number of weeks of benefits will not change.
Maintaining uniform access to EI regular and special benefits across all regions, through a 420-hour entrance requirement, with a 14-week minimum entitlement for regular benefits, and a new common earnings threshold for fishing benefits. This measure is assumed to come into force on September 26, 2021 and last for one year.
Modifying federal student financial assistance, including support under the Canada Student Loans Program (CSLP).
Broadening access to the CWB by increasing the phase-in rates and thresholds, as well as providing greater financial incentive for working couples.