The Parliamentary Budget Officer provides independent analysis on the state of the nation's finances, the government's estimates and trends in the Canadian economy; and upon request, estimates the cost of any proposal under Parliament's jurisdiction.

Reports


Legislative Costing Notes

  • 9 December 2021

    Providing a wage subsidy to employers with reduced revenues. Employers must choose between the Canada Recovery Hiring Program and this program.

    We expect that the extension of the Canada Emergency Wage Subsidy by Bill C-2 will result in an additional $5,456 million in subsidies being paid beyond those already approved by Order in Council 2021-0882. Of these additional subsidies, we expect $666 million to be paid under the Tourism and Hospitality Recovery Program, and $4,790 million to be paid under the Hardest-Hit Business Recovery Program. With this extension, we expect the gross cost of the Canada Emergency Wage Subsidy to be $106,680 million. This represents a net cost to the federal government of $92,307 million after accounting for corporate income tax recoveries.

  • 7 December 2021

    The bill legislates 10 paid sick days for employees in federally regulated workplaces who do not have access to at least 10 paid sick days, including the federally regulated private sector (FRPS) and employees of federal Crown corporations.
    The PBO estimates that this amendment will generate a total revenue of $229 million over four years (from 2021-22 to 2024-25).

  • 30 November 2021

    As proposed by Bill C-2, the Canada Recovery Sickness Benefit (CRSB) would be extended by 28 weeks. This would result in the CRSB being in effect from September 27, 2020 to May 7, 2022, with the current extension beginning on October 24, 2021. As well, beginning the week of November 21, 2021, the number of weeks for which workers could claim the CRSB over the course of the program would increase from 4 to 6 weeks.

  • 30 November 2021

    On October 21, 2021 the Government announced the extension of the eligibility of the Canada Recovery Caregiver Benefit (CRCB) by an additional 28 weeks as well as an additional two weeks to the maximum benefit period bringing it to a total of 44 weeks. The increase in the maximum number of benefit periods would begin after the week of November 20th, 2021.

  • 30 November 2021

    Providing a rent subsidy to employers with reduced revenues.

    We expect that the extension of the Canada Emergency Rent Subsidy (CERS) by Bill C-2 will result in an additional $676 million in subsidies being paid beyond those already approved by Order in Council 2021-0882. Of these additional subsidies, we expect $134 million to be paid under the Tourism and Hospitality Recovery Program, and $542 million to be paid under the Hardest-Hit Business Recovery Program. With this extension, we expect the gross cost of the CERS to be $8.3 billion. This represents a net cost to the federal government of $7.2 billion after accounting for corporate income tax recoveries.

  • 9 August 2021

    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.

  • 21 July 2021

    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.

  • 8 July 2021

    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.

Yves Giroux

About the PBO

Yves Giroux was appointed Parliamentary Budget Officer on September 4, 2018.

In his role, he is responsible for providing independent analysis to Parliament about trends in the national economy, the state of the nation’s finances and the estimates of the government, and upon request from a committee or parliamentarian, to estimate the financial cost of any proposal for matters over which Parliament has jurisdiction.

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