Costing Fall Economic Statement 2020 Measures

Published on January 14, 2021

The federal government’s Fall Economic Statement 2020 (FES 2020) was released on November 30, 2020. It includes numerous new and extended spending measures and programs.

Consistent with the Parliamentary Budget Officer (PBO)’s mandate to provide independent, non-partisan analysis to Parliament, the PBO has prepared cost estimates of selected measures contained in the federal government’s FES 2020.

Please view the latest listing of the PBO’s FES 2020 Cost Estimates by clicking on the links below.

$ millions	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
Canada Emergency Rent Subsidy and Lockdown Support up to June 2021	2,584	1,356	-	-	-	-
Canada Emergency Wage Subsidy (CEWS) – March 2020 to June 2021	74,024	12,011	-	-	-	-
Change in the tax treatment of employee stock options	-	-	-1	-6	-15	-30
Elimination of interest on Canada Student Loans	-	315	-5	-	-	-
Expansion of the Canada Emergency Business Account (CEBA)	20,263	-	-	-	-	-
Financial compensation for supply-managed sectors	-	786	-	-	-	-
Financial support for families with children	589	1,767	-	-	-	-
Financial Support for Planting 2 Billion Trees	-	267	396	494	581	622
Financial support for training 4,000 personal support workers	1.3	20.3	11.9	-	-	-
Fiscal Stabilization Program – Indexing the maximum per capita payment	-	2,910	-23	-26	-39	-55
GST/HST on Platform-based Short-Term Accommodation	-	-35	-54	-64	-75	-86
International corporate tax and digitalization	-	-180	-790	-890	-990	-1,110
RCMP National Body-worn Camera (BWC) Program and Digital Evidence Management System (DEMS)	-	27	36	36	16	16
Simplifying the Home Office Expense Deduction	260	-	-	-	-	-
Strengthening Tax Compliance	-	-1	-72	-186	-252	-271
Taxing sales of digital products and services	-	-176	-254	-278	-304	-332
The collection of GST from foreign-based sellers on the final price of goods sold to Canadian residents from Canadian fulfillment warehouses	-	-85	-120	-127	-133	-139

In preparation for the next federal election, the PBO used the FES 2020 costing exercise as an opportunity to stress test internal business processes and costing capacity. The exercise relied, as much as possible, on the templates and processes described in PBO’s Costing Election Proposals for the 44th Canadian Federal Election guide.

The PBO will continue to work to further enhance its analytical capacity to ensure to be ready to receive requests for cost estimates of election campaign proposals as soon as the next election is called.