Reports - 2024-25
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Overview of Contingent Liabilities
Jul 25, 2024 RP-2425-013-SThe PBO received multiple parliamentary questions regarding contingent liabilities. Specifically, how they are recorded from a financial perspective, and the reason for the increase in recent years. This report provides additional information to answer these questions.
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Long-Term Fiscal Cost of Major Economic Investment Tax Credits
Jul 3, 2024 RP-2425-011-SThe PBO recently published the five-year costs of five of the new federal investment tax credits (ITC) which target investments in the clean energy and technology sectors. Following these publications, we received requests from parliamentarians to analyze the long-term cost of these ITCs. This report presents a long-term analysis of the six tax credits using the Canada Energy Regulator’s 2023 Canada Net-Zero Scenario as the baseline for our projections.
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The Polar Icebreaker Project: 2024 Update
Jun 28, 2024 RP-2425-010-CThis report provides an updated independent cost estimate of the Development and Acquisition phases of the Polar Icebreaker Project.
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Expansion of SimpleFile by Phone and the implementation of an automatic tax filing system
Jun 13, 2024 RP-2425-008-MThis report provides an analysis of the budgetary impact of expanding the SimpleFile by Phone service offered by CRA as well as a proposed new automatic tax filing service in response to a request from Senator Percy Downe. **On June 19, 2024, Figure 2 and its accompanying text in the report were updated to reflect information provided by the Canada Revenue Agency after the initial publication.**
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Costing Asylum Claims from Visa-Exempt Countries
May 31, 2024 RP-2425-007-SIn response to parliamentary interest, PBO prepared an estimate of the total costs to the federal government associated with asylum claimants who have arrived from visa-exempt countries. This report presents an average unit cost per asylum claimant, based on the costs associated with the federal government organizations involved in the asylum process.
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Supplementary Estimates (A) 2024-25
May 30, 2024 RP-2425-009-SThis report provides a detailed analysis of the Government’s first Supplementary Estimates for the 2024-25 fiscal year, which seeks Parliament’s approval of $11.2 billion.
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Composition of Corporate Income Tax Revenue, 2018 to 2022
May 29, 2024 RP-2425-006-CIn response to a request by the Standing Senate Committee on National Finance, this report provides an overview of the composition of federal corporate income tax revenue from 2018 to 2022.
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Cost Estimate for Bill S-230 (Changes to the correctional system)
May 24, 2024 RP-2425-004-CThis report was prepared in response to a request from the Standing Senate Committee on Legal and Constitutional Affairs to estimate the cost of Bill S-230.
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Federal Spending to Address Homelessness
May 22, 2024 RP-2425-005-SIn response to interest from Parliamentarians and the House of Commons Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities, this self-initiated report provides an update on federal spending to address homelessness.
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Foregone revenue from enhanced GST Rental Rebate on purpose-built rental housing
May 9, 2024 RP-2425-003-STo help increase the construction of purpose-built rental units, the government introduced an enhancement to the goods and services tax (GST) Rental Rebate. To be eligible for the enhanced rebate, construction must have begun between September 14, 2023 and December 31, 2030. Construction must be finished by December 31, 2035. The PBO estimates that the total foregone GST due to this measure would be $5.8 billion between 2023-24 and 2028-29.
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Budget 2024: Issues for Parliamentarians
Apr 30, 2024 RP-2425-002-STo assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2024.
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Household Formation and the Housing Stock
Apr 11, 2024 RP-2425-001-SThis report provides estimates of household formation and the housing stock in Canada. The report also provides an estimate of the housing gap at the national level based on the total vacancy rate.