Contentious changes to how capital gains are taxed in Canada will bring in billions less in revenue for the government than Ottawa was expecting when it tabled the 2024 federal budget, according to the Parliamentary Budget Officer. The PBO on Thursday tabled a probe of Liberal measures to hike the inclusion rate on capital gains … Read more
Descrease article font size Increase article font size The parliamentary budget officer estimates that staffing up the new regulators in the Liberals’ Online Harms Act will cost around $200 million over five years. The federal government wants to establish a Digital Safety Commission to regulate social-media companies and force them to limit harmful content online. … Read more
Parliamentary Budget Officer Yves Giroux suggested the federal government is gagging him from sharing its own findings on the economic impact of the carbon price. During a Monday Finance Committee meeting, Giroux said the government has its own economic analysis, which he has seen but has not been released. “The government has economic analysis on … Read more
Environment Minister Steven Guilbeault says he expects the next carbon price analysis from parliamentary budget officer (PBO) Yves Giroux will yield a different result after the PBO corrected their past analysis. The original data has been frequently cited by the Conservatives in saying the pollution levy drives up the cost of living. “Clearly, if you … Read more
The Liberal government is facing a tough fiscal position heading into the 2024 budget, according to new projections from the Parliamentary Budget Officer. Ottawa is simultaneously dealing with rising debt costs and a slowing economy, both of which are fuelled by decades-high interest rates from the Bank of Canada as it works to tame inflation. … Read more
The Parliamentary Budget Officer estimates Ottawa’s program to get homes off heating oil and on to heat pumps could cost $797 million over the course of the program, in line with the budget allocation of $750 million. However, the total cost could reach $2.7 billion if all eligible households successfully apply. The Oil to Heat … Read more
