Reports

Bill C-206: Extension of the exemption for qualifying farming fuel to marketable natural gas and propane – Fiscal cost over a ten-year period

On June 23, 2021, the Parliamentary Budget Officer (PBO) issued a legislative note updating the cost of the federal carbon tax exemption for marketable natural gas and propane used for all farm operations as provided in Bill C-206, 43rd Parliament, 2nd Session.

Economic and Fiscal Update 2021: Issues for Parliamentarians

This report highlights key issues arising from the 2021 Economic and Fiscal Update to assist parliamentarians in their budgetary deliberations.

Additional information - Energy sector and agriculture: federal revenue forgone from tax provisions

On December 8, 2021, PBO published the report “Energy sector and agriculture: federal revenue forgone from tax provisions” which provides estimated revenue impacts for the items requested.

Fiscal Analysis of Proposed Premium Reduction for Mortgage Insurance

This note provides fiscal analysis of the Government’s proposal to reduce mortgage insurance premiums collected by the Canada Mortgage and Housing Corporation (CMHC).

The Polar Icebreaker Project: A Fiscal Analysis

This report provides an independent cost estimate of the Development and Acquisition phases of the Polar Icebreaker Project. The Polar Icebreaker Project aims to replace the Canadian Coast Guard’s existing fleet of heavy icebreakers with two new heavy icebreakers built to modern specifications.

Estimating the top tail of the family wealth distribution in Canada: updates and trends

Senator Rosa Galvez requested that the PBO update the High-net-worth Family Database for the year 2019 and that the same methodology be applied to previous years in order to study the trends in the distribution of Canadian net wealth. PBO applies a modelling approach from a past report to estimate the top tail of the family wealth distribution in Canada for the year 2019. The approach is also applied to the years 1999, 2012, and 2016 in order to study the trends in wealth held by the wealthiest families in Canada. This report provides the details of the update and the results.

Supplementary Estimates (B) 2021-22

This note presents a detailed analysis of the Government’s second Supplementary Estimates for the 2021-22 fiscal year, which seeks Parliament’s approval of $8.7 billion.

Energy sector and agriculture: federal revenue forgone from tax provisions

Senator Rosa Galvez requested that the PBO estimate the cost of tax provisions specific to fossil fuel development including the deduction of resource related expenses and incentives for liquid natural gas (LNG) capital investment. She also requested an estimate of the lost revenue from exemptions to the carbon levy for agriculture. This report provides estimated revenue impacts for the items requested.

Clean Water for First Nations: Is the Government Spending Enough?

This report builds on the PBO’s 2017 report and responds to a request from Senator Renée Dupuis to examine budget sufficiency for First Nations water and wastewater systems on reserve.

Expanded Fiscal Analysis of Federal Pay Equity

During the 43rd Parliament, Ms. Jag Sahota, M.P. (Calgary Skyview), Ms Nelly Shin, M.P. (Port Moody - Coquitlam) and The Honourable Alice Wong, M.P. (Richmond Centre) requested the PBO provide an update to his report Fiscal Analysis of Federal Pay Equity, particularly in reference to regulations related to the Pay Equity Act posted in the Canada Gazette.

Assessing the Insurance Properties of the Fiscal Stabilization Program

This report assesses the insurance properties of the Fiscal Stabilization Program, its recent changes and proposed modifications.

Bill C-83 and the Cost of Structured Intervention Units

This report provides an updated estimate on Bill C-83 and the cost of implementing structured intervention units in federal correctional institutions. This report was prepared at the request of Senator Kim Pate.

Update: Cost of Federal Leave for COVID-19

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.

2021 Election Proposal Costing Baseline

This report presents PBO’s economic and fiscal baseline projection for the 2021 election proposal costing period.

Financial Support for Air Canada

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.

Federal Program Spending on Housing Affordability in 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.

Cost Estimate for Motion 77: Improvements to Long-Term Care

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.

Public debt charges calculator (update)

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.

Revenue Estimates of M-68: One-time Tax on Extreme Wealth

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.

Fiscal Sustainability Report 2021

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.