Publications

  • Latest Reports

  • Legislative Costing Notes

    • 21 June 2022

      This enactment amends certain Acts to allow the survivor of an eligible person to receive pension benefits after the death of the person even if the person and the survivor married or began cohabiting in a conjugal relationship after the person attained the age of 60 years or retired. The PBO estimates the cost of the Veterans portion of this Bill with an effective date of January 1, 2023.

      The PBO estimates the Veterans portion of Bill C-221 will cost $15 million in 2022-23 for a total of $276 million over the next 5 years.

    • 16 June 2022

      Implementing a dental care plan for Canadians. The plan is expected to cover the costs of routine care, fluoride treatments, radiographs, sealants and other combinations of caries treatments, dentures, and periodontics. Households with an income below $90,000 may benefit from the plan. A phase-in period lasting from 2022 to 2025 will gradually expand coverage to those eligible. Households with an income below $70,000 per year will bear no cost. Co-payments scale linearly for households with income between $70,000 and $90,000. The thresholds are indexed to inflation.

      The PBO estimates that this program will cost $9,036 million over a 5 fiscal year period and benefit 1,425 thousand people over 2022-2023, increasing to 5,894 thousand by 2026-2027.

    • 7 June 2022

      Increasing the maximum amount of forgivable Canada Student Loans by 50 per cent, from $40,000 to $60,000 for doctors and from $20,000 to $30,000 for nurses working in underserved rural or remote communities. This policy will be effective April 1, 2023. 

      The PBO estimates the proposed increase to the forgivable amount of Canada Student Loans for doctors and nurses who practice in rural and remote communities will generate a 5-year total cost of $19 million.

    • 26 May 2022

      The PBO estimates that introduction of a luxury goods sales tax will generate $163 million of revenue in 2023-2024.

    • 20 May 2022

      The PBO estimates that the implementation of Bill C-218 will reduce GST revenues by approximately $3 million in 2022-23 for a total of $76 million over the next 5 years. This cost estimate represents the reduction in GST revenues if all goods and services provided under North American Industry Classification System (NAICS) code 621330 (Offices of mental health practitioners (except physicians)) were to become GST exempt. The PBO assumes this Bill will be effective January 1, 2023.

    • 5 May 2022

      The PBO estimates that First Home Savings Accounts will reduce Personal Income Tax revenue by approximately $0.8 billion each year of operation.

    • 5 May 2022

      Bill C-19, the Budget Implement Act, proposed to introduce a Labour Mobility Deduction which would provide tax recognition of up to $4,000 per year in eligible travel and temporary relocation expenses to eligible tradespersons and apprentices. The PBO estimates that it will cost $103 million in 2022-2023 to allow tradespersons and indentured apprentices to deduct costs from travelling when employed in a construction activity at a job site that is located at least 150 kilometers from their ordinary place of residence.

    • 5 April 2022

      Bill C-222 proposes to allow tradespersons and indentured apprentices to deduct, for income tax purposes, the costs associated with travelling when employed in a construction activity at a job site that is located at least 80 kilometers away from their ordinary place of residence. This act is to apply to the 2022 tax year and any subsequent taxation years.

      The PBO estimates that it will cost $117 million in 2022-2023 to allow tradespersons and indentured apprentices to deduct costs from travelling when employed in a construction activity at a job site that is located at least 80 kilometers from their ordinary place of residence.

    • 5 April 2022

      Private member’s bill C-255 proposes amending the *Income Tax Act* and the *Canada Student Financial Assistance Act* so that students enrolled in a designated post-secondary educational institution with a Disability Tax Credit (DTC) certificate will receive a grant equal to their annual tuition fees. It is assumed that the bill will be effective August 1, 2022, the start of the 2022-23 loan year.

      The PBO estimates the proposed tuition grant for persons with a Disability Tax Credit certificate will generate a 5-year total cost of $402 million. This includes a gross cost of $591 million and a cost recovery of $189 million.

    • 29 March 2022

      Bill C-215 proposes to increase the maximum number of weeks for employment insurance sickness benefits due to a prescribed illness, injury, or quarantine to 52 weeks from 15 weeks. 
      The extension is assumed to come into effect in summer 2022.

      The PBO estimates the net cost of the proposal to be $1,092 million in 2022-2023 which grows to $1,932 million in 2026-2027.