[{"label":"Home","url":"https:\/\/www.pbo-dpb.ca\/en"},{"label":"Team","url":"https:\/\/www.pbo-dpb.ca\/en\/staff--equipe","section":{"id":1,"title_en":"About","title_fr":"\u00c0 propos"}},{"label":"Nora Nahornick","url":"https:\/\/www.pbo-dpb.ca\/en\/staff--equipe\/nora-nahornick","section":{"id":1,"title_en":"About","title_fr":"\u00c0 propos"}}]

Nora Nahornick

Advisor-Analyst

Nora Nahornick is an Economist with the OPBO.

Nora holds a Master’s degree in Economics from the University of Toronto and a BSc Specialization in Mathematics and Finance from the University of Alberta.

Prior to joining the OPBO, Nora worked in public equities.

Latest publications

{"id":"RP-2425-018-S","is_published":"2024-10-17T12:57:02.000000Z","release_date":"2024-10-17T13:00:00.000000Z","title_en":"Economic and Fiscal Outlook \u2013 October 2024","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2013 octobre 2024","internal_id":"RP-2425-018-S","metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Le pr\u00e9sent rapport fournit une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et budg\u00e9taires possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"PBO projects growth in the Canadian economy to remain tepid in 2024. Interest rates will continue to restrain growth in consumer spending and business investment. We expect real GDP growth will rebound to 2.2 per cent in 2025, as lower borrowing costs provide a boost to consumer spending and business investment, and exports pickup.","fr":"Le DPB pr\u00e9voit que la croissance de l\u2019\u00e9conomie canadienne demeurera modeste en 2024. Les taux d\u2019int\u00e9r\u00eat continueront de freiner la croissance des d\u00e9penses de consommation et des investissements des entreprises. Nous nous attendons \u00e0 ce que la croissance du produit int\u00e9rieur brut (PIB) r\u00e9el rebondisse \u00e0 2,2 % en 2025, car la baisse des co\u00fbts d\u2019emprunt stimule les d\u00e9penses de consommation et les investissements des entreprises, et encourage la reprise des exportations."}},{"content":{"en":"With the ongoing excess supply in the economy, consumer price index (CPI) inflation is on track to return to its 2 per cent target. We anticipate the Bank of Canada will continue to gradually reduce its policy rate until it reaches its estimated neutral level of 2.75 percent in the second quarter of 2025.","fr":"Compte tenu de l\u2019offre exc\u00e9dentaire persistante au sein de l\u2019\u00e9conomie, l\u2019inflation mesur\u00e9e par l\u2019Indice des prix \u00e0 la consommation est en voie de revenir \u00e0 sa cible de 2 %. Nous pr\u00e9voyons que la Banque du Canada continuera de r\u00e9duire progressivement son taux directeur jusqu\u2019\u00e0 ce qu\u2019il atteigne son niveau neutre estim\u00e9 \u00e0 2,75 % au deuxi\u00e8me trimestre de 2025."}},{"content":{"en":"We estimate that there was a budgetary deficit of $46.8 billion (1.6 per cent of GDP) in 2023-24. For the current fiscal year, 2024-25, PBO projects the budgetary deficit to slightly decline to $46.4 billion (1.5 per cent of GDP) under status quo policy. Assuming no new measures are introduced, and existing temporary measures sunset as scheduled, the deficit is projected to resume its downward trajectory, falling to $22.5 billion (0.6 per cent of GDP) in 2029-30.","fr":"Nous estimons qu\u2019il y avait un d\u00e9ficit budg\u00e9taire de 46,8 milliards de dollars (1,6 % du PIB) en 2023-2024. Pour l\u2019exercice financier en cours, soit 2024-2025, le DPB pr\u00e9voit que le d\u00e9ficit budg\u00e9taire diminuera l\u00e9g\u00e8rement \u00e0 46,4 milliards de dollars (1,5 % du PIB) dans le cadre d\u0027une politique de statu quo. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le d\u00e9ficit budg\u00e9taire devrait revenir sur sa trajectoire descendante et passer \u00e0 22,5 milliards de dollars (0,6 % du PIB) en 2029-2030."}},{"content":{"en":"PBO expects the federal debt-to-GDP ratio to be 42.2 per cent in 2023-24 and 2024-25. Assuming no new measures and existing temporary measures sunset as scheduled, the federal debt ratio is projected to fall to 39.0 per cent in 2029-30, well above its pre-pandemic level of 31.2 per cent of GDP in 2019-20.","fr":"Le DPB pr\u00e9voit que le ratio de la dette f\u00e9d\u00e9rale au PIB restera \u00e0 42,2 % en 2024-2025. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le ratio de la dette f\u00e9d\u00e9rale devrait atteindre 39,0 % en 2029-2030, ce qui est bien sup\u00e9rieur \u00e0 son niveau d\u2019avant la pand\u00e9mie, qui \u00e9tait de 31,2 % du PIB en 2019-2020."}},{"content":{"en":"PBO projects the debt service ratio (that is, public debt charges relative to total revenues) to rise to 10.6 in 2024-25 from 10.3 per cent in 2023-24. As the effective interest rate on debt edges higher in 2024-25, we project the debt service ratio to increase further and reach 11.2 per cent in 2029-30\u2014well above its pre-pandemic record low of 7.0 per cent in 2018-19.","fr":"Le DPB pr\u00e9voit que le ratio du service de la dette (soit le rapport entre les frais de la dette publique et les recettes totales) passera \u00e0 10,6 % en 2024-2025, alors qu\u2019il s\u2019\u00e9tablissait \u00e0 10,3 % en 2023-2024. Comme le taux d\u2019int\u00e9r\u00eat effectif sur la dette est l\u00e9g\u00e8rement plus \u00e9lev\u00e9 en 2024-2025, nous pr\u00e9voyons que le ratio du service de la dette augmentera encore et qu\u2019il atteindra 11,2 % en 2029-2030, soit bien au dessus de son creux record de 7,0 % enregistr\u00e9 avant la pand\u00e9mie en 2018-2019."}}]},"updated_at":"2024-10-17T12:57:02.000000Z","type":"RP","slug":"RP-2425-018-S--economic-fiscal-outlook-october-2024--perspectives-economiques-financieres-octobre-2024","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-018-S--economic-fiscal-outlook-october-2024--perspectives-economiques-financieres-octobre-2024","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-018-S--economic-fiscal-outlook-october-2024--perspectives-economiques-financieres-octobre-2024"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-018-S--economic-fiscal-outlook-october-2024--perspectives-economiques-financieres-octobre-2024","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-018-S--economic-fiscal-outlook-october-2024--perspectives-economiques-financieres-octobre-2024"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/78ce079f881ed107be7389eca371c9c0b21752840065265538f30a75466327d0"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/17e763792632c01620f1be9013979a56278f652c6ac6c3bbbffdfa5c47ba76e7"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2227ae47016244d7fee6979ff55819dcb53a12859eb1cad58eda51e4e02693eb","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f6cc3cc16c055321966c155117bd8575a3b39b5a111db7d24b971fc55f4fae72","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d94c00f588acaf2837e7f7fe9a8074d6d18a092766ac0c0381446bb6bea46cbe","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/71a466f30c420eaa90bc7d53c42a853930242594d1e357e88c47619b3ec85f78","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5d029a2ada90cd0b8ad1e0ff0670fb2699006a85fa494976d25b358ca06e04b5","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/40e014410224941454565d72f05e42781305917f04385a6f96fb9d73cf1f5b99","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0014eeb7527086482703320a87481ebaa58838710c878ba50e918d40eb36e001","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/27a7b5cf8a2a9d6030896935105ed5322d03659942d6302299f901dd4d5e7b58"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9cc31e3071cdd2ed8031d0508f7bc7c32f9d24e16c1a5716cc5036aec5d1e27e","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bfdd900a0556836b9c37ce2d272d4ab95b075b4f98e79a55f074bd172129b6a4","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3ef5173adc96a6755a37f3c3423399dc6cd7a0d0d73ad634770a2f17dea8cb04","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4319f07362f23fde8ef5e89ccdd7db90da89fb7088461604dbd28401aa679049","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/16b425b08a6ab3f885215e818f5651d3d1b0a01985d4a7504d6ef10bf16377f3","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a4939d014cfac1a212b106edcb9bbf9c511a4b918191acdf339ca50675152ff8","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c8edc32eaeb43dd766d9732cc6bd78b5b41317afa461077c610a17a27d116b54","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/eb1d8dc3dfc3f1729604a2d931f6ee96539be90eac2b435efcc202ad1d019963"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2425018S,\n author={Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Elmarzougui, Eskandar and Kho, Albert and Laurin, Marianne and McGoey, Matthew and Michalyshyn, Katarina and Nahornick, Nora and Nicol, Caroline and Robert-Lacroix, Ulysse and Stanton, Jason and Vrhovsek, Zachary and Matier, Chris},\n title={Economic and Fiscal Outlook - October 2024},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2425018S,\n author={Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Elmarzougui, Eskandar and Kho, Albert and Laurin, Marianne and McGoey, Matthew and Michalyshyn, Katarina and Nahornick, Nora and Nicol, Caroline and Robert-Lacroix, Ulysse and Stanton, Jason and Vrhovsek, Zachary and Matier, Chris},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - octobre 2024},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2425-014-S","is_published":"2024-08-28T12:57:06.000000Z","release_date":"2024-08-28T13:00:00.000000Z","title_en":"Fiscal Sustainability Report 2024","title_fr":"Rapport sur la viabilit\u00e9 financi\u00e8re de 2024","internal_id":"RP-2425-014-S","metadata":{"abstract_en":"This report provides PBO\u2019s assessment of the sustainability of government finances over the long term for the federal government, subnational governments and public pension plans.","abstract_fr":"Dans le rapport qui suit, le DPB pr\u00e9sente son \u00e9valuation de la viabilit\u00e9 financi\u00e8re \u00e0 long terme du gouvernement f\u00e9d\u00e9ral, des administrations infranationales et des r\u00e9gimes de retraite g\u00e9n\u00e9raux.","highlights":[{"content":{"en":"From the perspective of the total general government sector, that is federal and subnational governments and public pension plans combined, current fiscal policy in Canada is sustainable over the long term. Relative to the size of the Canadian economy, total general government net debt is projected to decline steadily over the long term due to fiscal room at the federal level and to rising net asset positions in the public pension plans.","fr":"En ce qui concerne le secteur des administrations publiques consid\u00e9r\u00e9es comme un tout, c\u2019est-\u00e0-dire le gouvernement f\u00e9d\u00e9ral, les administrations infranationales et les r\u00e9gimes de retraite g\u00e9n\u00e9raux pris ensemble, la politique budg\u00e9taire actuelle au Canada est viable \u00e0 long terme. Par rapport \u00e0 la taille de l\u2019\u00e9conomie canadienne, la dette publique g\u00e9n\u00e9rale nette devrait diminuer progressivement \u00e0 long terme en raison de la marge de man\u0153uvre financi\u00e8re au niveau f\u00e9d\u00e9ral et de l\u2019am\u00e9lioration de la situation de l\u2019actif net des r\u00e9gimes de retraite publics."}},{"content":{"en":"Current fiscal policy at the federal level is sustainable over the long term. We estimate that the federal government could permanently increase spending or reduce taxes by 1.5 per cent of GDP ($46 billion in current dollars, growing in line with GDP thereafter) while maintaining fiscal sustainability.","fr":"La politique budg\u00e9taire f\u00e9d\u00e9rale actuelle est viable \u00e0 long terme. Nous estimons que le gouvernement f\u00e9d\u00e9ral pourrait augmenter ses d\u00e9penses ou r\u00e9duire les imp\u00f4ts de 1,5 % du PIB (46 milliards de dollars en dollars courants, augmentant par la suite au rythme du PIB) tout en demeurant viable sur le plan budg\u00e9taire."}},{"content":{"en":"For the subnational government sector, which includes provincial-territorial, local and Indigenous governments, current fiscal policy is sustainable over the long term. Under current policy, projected subnational government revenues and program spending are sufficient to keep the subnational government net debt-to-GDP ratio below its 2023 level over the 75-year projection horizon.","fr":"Pour ce qui est des administrations infranationales, qui comprennent les administrations provinciales-territoriales, locales et autochtones, les politiques budg\u00e9taires actuelles sont viables \u00e0 long terme. Selon la politique actuelle, les revenus et les d\u00e9penses de programmes pr\u00e9vus des administrations infranationales sont suffisantes pour maintenir le ratio de la dette nette par rapport au PIB des administrations infranationales en dessous de son niveau de 2023 pour l\u2019horizon de 75 ans."}},{"content":{"en":"The current structure of the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) is sustainable over the long term. Under the current structure of the plans, projected contributions and benefits are sufficient to ensure that the net asset-to-GDP position is above its 2023 value after 75 years.","fr":"La structure actuelle tant du R\u00e9gime de pensions du Canada (RPC) que du R\u00e9gime de rentes du Qu\u00e9bec (RRQ) est viable \u00e0 long terme. Avec la structure actuelle des r\u00e9gimes, les cotisations et les prestations pr\u00e9vues sont suffisantes pour garantir que la position nette de l\u2019actif par rapport au PIB est sup\u00e9rieure \u00e0 sa valeur de 2023 apr\u00e8s 75 ans."}}]},"updated_at":"2024-08-28T15:28:11.000000Z","type":"RP","slug":"RP-2425-014-S--fiscal-sustainability-report-2024--rapport-viabilite-financiere-2024","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-014-S--fiscal-sustainability-report-2024--rapport-viabilite-financiere-2024","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-014-S--fiscal-sustainability-report-2024--rapport-viabilite-financiere-2024"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-014-S--fiscal-sustainability-report-2024--rapport-viabilite-financiere-2024","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-014-S--fiscal-sustainability-report-2024--rapport-viabilite-financiere-2024"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/17e59c636036ab66462ec8f935c66672f417b0049e135c8a3fee279aa33b719e"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/c929dc790c39be70bbf68c688da0acdd6b2e82dff8431f93c42da807d132334f"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5745fff800723f9c46c24f4b335cb13d575250429408f880e64e393aa3241d15","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ac93ab2effb4ce8c070e641ad683a41f407cacc359cf087ca670b846167dd229","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/48d912c1374f66cdecec0570edee2b59af4dcecbb0269636e83229de1eb2b941","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b5ba91d53481df7da8b586481597c7dc5ff28e32962636737bb093212ec0d48b","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f846338280998ff698a07f89abf9f2af88df3c9537f4ca6a35124b6062d21041","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b82e08bf27188b942f2d746679992d10934af4343f85074ebc189f0bd9da2b8c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7e03b9657c21d3042718f574a236fe9bd1008b945313f744cdbf724c35d9a9b8","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/39b91dc5dcfc0e2d23a96d1babced62c2c4fa5319c735c35a6570d6444ed08f4"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/aa1c5147ce20f3aa9dd4d014350fddc50a7f6c45de2434f44cbf7a55da88b7ac","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9f2de4edc248bf1f9981090de3bfb30d24a6bdd0ee8999d3fff1059c64fff804","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/16617de4ea5dd5257bd56cec7d387842c190e781084df42e383db37d788c350f","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a1a70b33a7631777879323744d8f4b035cebd9dff99653c6052d5f7a46b80130","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dd236d1ec5b79a8e525f5c4e7c813789016882ee8462dc27a8d39d96b39d2525","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f9b79c819055adbf4c783549b1e79d5db253bce2117032f06970deec8d98ac94","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2740d049ac02ffc3d99fa79442e4d9d7eea9f37e35d52ddb77004132be6054b0","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b7965b744c3a7bd2267bbebd74242b5decaaa626d0ac458fee75f5e27646b355"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2425014S,\n author={Barkova, Lisa and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Kho, Albert and Laurin, Marianne and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Fiscal Sustainability Report 2024},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2425014S,\n author={Barkova, Lisa and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Kho, Albert and Laurin, Marianne and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Rapport sur la viabilit\\\u0027{e} financi\\`{e}re de 2024},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2425-010-S","is_published":"2024-08-01T12:57:10.000000Z","release_date":"2024-08-01T13:00:00.000000Z","title_en":"Increasing the Capital Gains Inclusion Rate","title_fr":"Augmentation du taux d\u2019inclusion des gains en capital","internal_id":"LEG-2425-010-S","metadata":{"abstract_en":"Budget 2024 introduced an increase in the capital gains inclusion rate from one half to two thirds for corporations and trusts, and from one half to two third on the portion of capital gains realized in the year that exceed $250,000 for individuals. This policy is in effect for capital gains realized on or after June 25th, 2024. \n\nThe Parliamentary Budget Officer (PBO) estimates an increase of $17.4 billion in income tax revenues from 2024-25 to 2028-29.","abstract_fr":"Le budget de 2024 a introduit une augmentation du taux d\u2019inclusion des gains en capital d\u2019une demie aux deux tiers pour les soci\u00e9t\u00e9s et les fiducies, et d\u2019une demie aux deux tiers sur la portion des gains en capital r\u00e9alis\u00e9s au cours d\u2019une ann\u00e9e exc\u00e9dant 250 000 $ pour les particuliers. Cette politique s\u2019applique aux gains en capital r\u00e9alis\u00e9s \u00e0 compter du 25 juin 2024. \n\nLe directeur parlementaire du budget (DPB) estime que les recettes provenant de l\u2019imp\u00f4t sur le revenu augmenteront de 17,4 milliards de dollars entre 2024-2025 et 2028-2029.","highlights":[]},"updated_at":"2024-08-01T12:57:10.000000Z","type":"LEG","slug":"LEG-2425-010-S--increasing-capital-gains-inclusion-rate--augmentation-taux-inclusion-gains-capital","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2425-010-S--increasing-capital-gains-inclusion-rate--augmentation-taux-inclusion-gains-capital","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2425-010-S--increasing-capital-gains-inclusion-rate--augmentation-taux-inclusion-gains-capital"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2425-010-S--increasing-capital-gains-inclusion-rate--augmentation-taux-inclusion-gains-capital","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2425-010-S--increasing-capital-gains-inclusion-rate--augmentation-taux-inclusion-gains-capital"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/f6e699774b728df0519436a901d9ad9af4e4e6259e857aa682c64d80c9ca5cfe"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/8694519dd07dcb4e0fad112f2e66d1fc6a47f5fb2fd122c247169bb4914f8535"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/505ba5170ce62343f4e825c43fdf8f74f9b4213af61e65d84ad0455ee33bb10b","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/067f61cc6275aa1c54323c83545af409f9a6d1653fcdffca453931db53050819","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c4d072f76b8d21440d7fee121bcc1b135ba825d82f01654df0ed0624a578d4f3","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/42d31f2df67942c837deb32bd3acc57f7b247803b931d0555329378d812bd4b8","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/aeb703615b2dab4acfef9213cbb5f045cecef370bc8e3aa64d790914e3bcb270","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3a0eb98991e880225b84df0e6123904cf0bb84ff52ff7e94152bf673db835ec6","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d257c7321523a7f553581e3cf3a66e698270ef441d7c74aa663366c39adf7d30","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0ee58c09b19d816823f9f421c536dde41f398f7aa4cf1b7a50439090f5204a16"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5d8fa8ecf210cf6bab8d41d5972cbdc18adbadfaa4bb56e882ca1a598fa1f5d6","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/76c1315952eba949cf2af749aadae46c43b4747dda72efab5c32fc90e52a25b3","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9407093674ec934e83c266cb9db856dd5ef5de435e7590b0953bd4ffc38de1bf","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/81bf28b4f6e02c5e02bef7f7f3f3336a815bfb955926570fd7d7cb6a6f7ad2c4","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a676efb5d62cc04d75d350692a9b9d9998b58af70fef8f5c7b3c767ef069ba36","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2b1122902a13dac61f330805da329ad880bb78c265796cfa782ba8a65d6538c2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d9882d3dce27ee6f9517194798167ed96014ca10bf04579f51f534b17b3c63ca","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/32156904fa7135b12bbca60c483cc492c1869345cdb6a5961f656ead8c8d08d8"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2425010S,\n author={Nahornick, Nora and Robert-Lacroix, Ulysse},\n title={Increasing the Capital Gains Inclusion Rate},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2425010S,\n author={Nahornick, Nora and Robert-Lacroix, Ulysse},\n title={Augmentation du taux d\u2019inclusion des gains en capital},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2425-011-S","is_published":"2024-07-03T12:57:09.000000Z","release_date":"2024-07-03T13:00:00.000000Z","title_en":"Long-Term Fiscal Cost of Major Economic Investment Tax Credits","title_fr":"Co\u00fbts financiers \u00e0 long terme des grands cr\u00e9dits d\u2019imp\u00f4t \u00e0 l\u2019investissement \u00e9conomique","internal_id":"RP-2425-011-S","metadata":{"abstract_en":"The 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\u2019s 2023 Canada Net-Zero Scenario as the baseline for our projections.","abstract_fr":"Le DPB a publi\u00e9 derni\u00e8rement des notes sur les co\u00fbts sur cinq ans de cinq nouveaux cr\u00e9dits d\u2019imp\u00f4t f\u00e9d\u00e9raux \u00e0 l\u2019investissement (CII) dans les secteurs de l\u2019\u00e9nergie et des technologies propres. \u00c0 la suite de ces publications, des parlementaires nous ont demand\u00e9 d\u2019analyser les co\u00fbts \u00e0 long terme de ces CII. Le pr\u00e9sent rapport traite de l\u2019analyse \u00e0 long terme des six cr\u00e9dits d\u2019imp\u00f4t dont les projections sont fond\u00e9es sur le sc\u00e9nario de carboneutralit\u00e9 du Canada \u00e9labor\u00e9 en 2023 par la R\u00e9gie de l\u2019\u00e9nergie du Canada.","highlights":[{"content":{"en":"The Parliamentary Budget Officer (PBO) projects total fiscal costs of $103 billion over 2022-23 to 2034-35 for the six investment tax credits (ITC) in the clean energy and technology sectors: 1) carbon, capture, utilization, and storage (CCUS); 2) clean technology; 3) clean electricity; 4) clean hydrogen; 5) clean technology manufacturing; and, 6) electric vehicle (EV) supply chain.","fr":"Le directeur parlementaire du budget (DPB) pr\u00e9voit que les six cr\u00e9dits d\u2019imp\u00f4t \u00e0 l\u2019investissement (CII) dans les secteurs de l\u2019\u00e9nergie et des technologies propres co\u00fbteraient au total 103 milliards de dollars au cours de la p\u00e9riode de 2022 2023 \u00e0 2034 2035. Ces secteurs sont : 1) le captage, l\u2019utilisation et le stockage du carbone (CUSC); 2) les technologies propres; 3) l\u2019\u00e9lectricit\u00e9 propre; 4) l\u2019hydrog\u00e8ne propre; 5) la fabrication de technologies propres; 6) la cha\u00eene d\u2019approvisionnement des v\u00e9hicules \u00e9lectriques (VE)."}},{"content":{"en":"PBO estimates that almost half a trillion dollars in investment could be eligible for these six ITCs. This is equivalent to an average annual investment of $40 billion from 2023-24 to 2034-35. We estimate that most of this investment will be used to increase electricity production from renewable sources.","fr":"Le DPB estime que pr\u00e8s de 500 milliards de dollars d\u2019investissement serait admissible \u00e0 ces six CII. Il s\u2019agirait donc d\u2019investissements moyens de 40 milliards de dollars par an de 2023-2024 \u00e0 2034-2035. Nous croyons que la majeure partie de cet investissement servira \u00e0 accro\u00eetre la capacit\u00e9 de produire de l\u2019\u00e9lectricit\u00e9 renouvelable."}},{"content":{"en":"PBO cost estimates are $10 billion higher compared to Budget 2024 estimates. The difference is mostly attributable to higher projected eligible investments in the electricity generation sector as it aims to achieve decarbonization by 2035.","fr":"Les estimations du DPB d\u00e9passent de 10 milliards de dollars les projections indiqu\u00e9es dans le budget de 2024. Cet \u00e9cart s\u2019explique surtout par davantage d\u2019investissements admissibles projet\u00e9s dans le secteur de la production d\u2019\u00e9lectricit\u00e9 en vue d\u2019atteindre la d\u00e9carbonation d\u2019ici 2035."}},{"content":{"en":"According to data received by the PBO, hydrogen production could reach 5.9 megatonnes (MT) by 2035, which exceeds the estimated production under the Canada Net-Zero scenario as published by the Canada Energy Regulator. Similarly, based on data provided by Natural Resources Canada and Finance Canada, carbon capture could reach up to 240 MT per year by 2050, if all projects become operational. This would put Canada on track to meet the Net-zero scenario targets for CCUS.","fr":"Selon les donn\u00e9es obtenues par le DPB, la production d\u2019hydrog\u00e8ne pourrait atteindre 5,9 m\u00e9gatonnes (Mt) d\u2019ici 2035, ce qui est sup\u00e9rieur \u00e0 la production estim\u00e9e indiqu\u00e9e dans le sc\u00e9nario de carboneutralit\u00e9 du Canada publi\u00e9e par la R\u00e9gie canadienne de l\u2019\u00e9nergie. De m\u00eame, d\u2019apr\u00e8s les donn\u00e9es fournies par Ressources naturelles Canada et Finances Canada, le captage du carbone pourrait atteindre annuellement 240 Mt d\u2019ici 2050 et, si tous les projets \u00e9taient en exploitation, le Canada serait alors en bonne voie d\u2019atteindre ses objectifs de CUSC indiqu\u00e9s dans le sc\u00e9nario de carboneutralit\u00e9."}}]},"updated_at":"2024-07-04T17:25:33.000000Z","type":"RP","slug":"RP-2425-011-S--long-term-fiscal-cost-major-economic-investment-tax-credits--couts-financiers-long-terme-grands-credits-impot-investissement-economique","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-011-S--long-term-fiscal-cost-major-economic-investment-tax-credits--couts-financiers-long-terme-grands-credits-impot-investissement-economique","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-011-S--long-term-fiscal-cost-major-economic-investment-tax-credits--couts-financiers-long-terme-grands-credits-impot-investissement-economique"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-011-S--long-term-fiscal-cost-major-economic-investment-tax-credits--couts-financiers-long-terme-grands-credits-impot-investissement-economique","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-011-S--long-term-fiscal-cost-major-economic-investment-tax-credits--couts-financiers-long-terme-grands-credits-impot-investissement-economique"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/674ae7ddffe21855898fb140a7e84909f356a00983ce0b581731f9ae3f75551a"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/97a061c79b693fb3c60224f02c0cecddd9e8cd576ce59e80422b814690966ca3"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9bb3c3dc8074ae00e865e4189d74d70983250c1eb06d6178f40525ebad5b4988","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4ded9f26047005a5462ccafb881b151d3fc01f2e7c7d0f24651faff857256fd1","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5a3d8e49833a5055781d03e48b60370fcc94d8cf1e7810646243ccd7f7faac82","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a735487f49ffaaf94925c265bf6c79e0922191dd824e8dacf1700bb11c43d511","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/65901cb4d500b7220184d2728bfccb6b698711000272794268be8fea5e01b31d","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3459e422bec6a3a39eb47cb93717edb67f1a69035263a5d1b60f097d8b30e0e2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2ef9f79a8153b415f731df570ac76c192402d408988e5cf01bf38f2a15b3cf90","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3f10de31ca51fd54eb4639133c78229e1b9b225fcb7bf1f4bf7c9de19c52fed1"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8002e8ac654515324d4e57acfdb668ae7fb7b7c74be3c5d7fafe789d98843b05","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1f695e946d4f93ffa37557776d4205c9309bc3d1174565f0b5e0b38d0d5aea5c","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5a92f1dc33669d253388fd00c4c9ff6da7ef44de0dbcbdded6393f3f5526475","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/52fb512ae8137a88032be7dc3f39c0efa3b3cc8538e97f051d67d548739370b5","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4f7ea340f469457ac7cd59a0767aafeab55c9cf7deb0f7dd47341e0868197993","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/14725d0990344fabe5726a7f967555805a0b854be402bc529d9d52bad76f8a3e","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c77da68e603a44da882b2c0dcd99f625f0077385be3d168c2579853d10ac714e","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6dcaead7ffac6d4cb14446c906aec10764c891ed0c9bf754ac2dffb24e2e30e9"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2425011S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora and Scholz, Tim},\n title={Long-Term Fiscal Cost of Major Economic Investment Tax Credits},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2425011S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora and Scholz, Tim},\n title={Couts financiers \\`{a} long terme des grands cr\\\u0027{e}dits d\u2019imp\\^{o}t \\`{a} l\u2019investissement \\\u0027{e}conomique},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2425-006-C","is_published":"2024-05-29T12:57:09.000000Z","release_date":"2024-05-29T13:00:00.000000Z","title_en":"Composition of Corporate Income Tax Revenue, 2018 to 2022","title_fr":"Composition de l\u2019imp\u00f4t sur le revenu des soci\u00e9t\u00e9s, de 2018 \u00e0 2022","internal_id":"RP-2425-006-C","metadata":{"abstract_en":"In 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.","abstract_fr":"Le pr\u00e9sent rapport a \u00e9t\u00e9 pr\u00e9par\u00e9 en r\u00e9ponse \u00e0 une demande du Comit\u00e9 s\u00e9natorial permanent des finances nationales et donne un aper\u00e7u de la composition des recettes provenant de l\u2019imp\u00f4t f\u00e9d\u00e9ral sur les soci\u00e9t\u00e9s de 2018 \u00e0 2022.","highlights":[{"content":{"en":"Non-financial industries contributed approximately 73 per cent of total federal CIT revenue collected whereas finance and insurance industries contributed the remaining 27 per cent between 2018 and 2022.","fr":"De 2018 \u00e0 2022, la part des industries non financi\u00e8res dans les recettes f\u00e9d\u00e9rales totales tir\u00e9es de l\u2019imp\u00f4t sur le revenu des soci\u00e9t\u00e9s (IRS) a repr\u00e9sent\u00e9 environ 73\u202f%, et celle des industries de la finance et des assurances \u00e9tait constitu\u00e9e des 27\u202f% restants."}},{"content":{"en":"In 2022, federal taxes paid reached $83.3 billion, up 49 per cent from 2018. Both the non-financial industries and financial industries saw increases in federal taxes paid.","fr":"En 2022, l\u2019imp\u00f4t f\u00e9d\u00e9ral pay\u00e9 a atteint\u202f83,3\u202fmilliards de dollars, soit une augmentation de 49\u202f% par rapport \u00e0 2018. Autant les industries non financi\u00e8res que financi\u00e8res ont vu une augmentation de l\u2019imp\u00f4t pay\u00e9 au f\u00e9d\u00e9ral."}},{"content":{"en":"Since 2018, five industries have collectively contributed to more than half of the federal CIT revenues collected. The top 5 tax-paying industries are: finance and insurance, manufacturing, real estate and rental and leasing, wholesale trade, professional, scientific and technical services.","fr":"Depuis 2018, plus de la moiti\u00e9 des recettes f\u00e9d\u00e9rales tir\u00e9es de l\u2019IRS provient de cinq\u202findustries. Les cinq\u202findustries ayant pay\u00e9 le plus d\u2019imp\u00f4t\u202fsont : finance et assurances, fabrication, services immobiliers et services de location et de location \u00e0 bail, commerce de gros et services professionnels, scientifiques et techniques."}}]},"updated_at":"2024-05-29T12:57:09.000000Z","type":"RP","slug":"RP-2425-006-C--composition-corporate-income-tax-revenue-2018-2022--composition-impot-revenu-societes-2018-2022","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-006-C--composition-corporate-income-tax-revenue-2018-2022--composition-impot-revenu-societes-2018-2022","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-006-C--composition-corporate-income-tax-revenue-2018-2022--composition-impot-revenu-societes-2018-2022"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-006-C--composition-corporate-income-tax-revenue-2018-2022--composition-impot-revenu-societes-2018-2022","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-006-C--composition-corporate-income-tax-revenue-2018-2022--composition-impot-revenu-societes-2018-2022"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/f815018b57b69c04d9bb89782b1f59440e2625a5533b7bbef199dd5922c45cfe"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/da39be905d4c99b4c76a1c19b4415f16040eaf13906c633c53316cabe186b565"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/44dbe99cefae1310ef8f205f6fa8f107e428271d17e3fe661f83d3dc8ff3a882","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bb0ba22c25143b0920f21771f81b53c42174fe37d0cdab9d11c7b0a8133e3883","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a9ed225756dfcf2a09d4f0fc7540d0004255fe6267dbcc3b643a443ab48cb3f1","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a8e65227f18099656e4a456091df069d1dde2de1adc59a4e281e69f76cad8197","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a9e01224c6c466400abafc6cf5cf1df6d74c6a64389fdc5a7b325ba358b30483","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d142f50e90fffbc5638eddb036229f7451c76376b8e5f1bee7bfd64b51d6f3b0","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1f94d7d2c4946e9f4696266bfd5ecf698e63fb7080c93cbbbe429965c70ce153","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6d8738194ed7afa4d421b7feebc0afbb6a73791367571fe9f001adbf80bddac7"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6ac080705a68fb2473db291ee9b63f5e1708f2ec8b0e3571267e3732f2efd81d","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3cad63672075e09ee2ac870982ad98931cfe79bf4e47c0747f4e659299a90c24","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/273aa5cd21574d9a9212a794f1f8f53654741cabf878f7393f6a94242993b3cf","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0035f361b3a9bbaf4c5c6897819179bbd81b7bc324dcc09877ff66aa6477a15c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/307f9452e90a0cd846c2ffd9fca70187dcf80b1d38f058249b00d3d371841931","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5f99a3e0af146dd66c2503ab56e242a1f48c75160e9c8809921d4e69642c80cc","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8f035de9318124bfe8a8a2dd309250ff08e824f8978d97069662e9ab51687b7d","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2982dc2fc99fb050abb44aed3f8eaad6b54d5cc61b95e441a44bcc804821bbcb"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2425006C,\n author={Nahornick, Nora},\n title={Composition of Corporate Income Tax Revenue, 2018 to 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2425006C,\n author={Nahornick, Nora},\n title={Composition de l\u2019imp\\^{o}t sur le revenu des soci\\\u0027{e}t\\\u0027{e}s, de 2018 \\`{a} 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2425-002-S","is_published":"2024-04-30T12:57:10.000000Z","release_date":"2024-04-30T13:00:00.000000Z","title_en":"Budget 2024: Issues for Parliamentarians","title_fr":"Budget de 2024 : enjeux pour les parlementaires","internal_id":"RP-2425-002-S","metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2024.","abstract_fr":"Le pr\u00e9sent rapport attire l\u2019attention sur les principales consid\u00e9rations que suscite le budget de 2024 dans le but d\u2019aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"In Budget 2024, the Government announced $61.2 billion in new spending that was partially offset by $21.9 billion in revenue-raising measures. On a net basis, the new measures reduce the budgetary balance by $39.3 billion over 2023-24 to 2028-29.","fr":"Dans le budget de 2024, le gouvernement a annonc\u00e9 61,2 milliards de dollars en nouvelles d\u00e9penses qui ont \u00e9t\u00e9 partiellement compens\u00e9es par 21,9 milliards de dollars en mesure d\u2019accroissement des recettes. Sur une base nette, les nouvelles mesures r\u00e9duisent le solde budg\u00e9taire de 39,3 milliards de dollars entre 2023-2024 et 2028-2029."}},{"content":{"en":"Budget 2024 marks the third consecutive fiscal plan in which the Government\u2019s new measures\u2014even after accounting for revenue-raising and spending reviews\u2014have exceeded the incremental \u201cfiscal room\u201d resulting from economic and fiscal developments. Indeed, the $39.3 billion in (net) new measures announced in Budget 2024 more than exhaust the $29.1 billion in new fiscal room over 2023-24 to 2028-29.","fr":"Le budget de 2024 est le troisi\u00e8me plan financier cons\u00e9cutif dans lequel les nouvelles mesures du gouvernement, m\u00eame apr\u00e8s la prise en compte des examens d\u2019accroissement des recettes et des d\u00e9penses, ont d\u00e9pass\u00e9 la marge de man\u0153uvre financi\u00e8re suppl\u00e9mentaire d\u00e9coulant de l\u2019\u00e9volution de la situation \u00e9conomique et financi\u00e8re. En effet, les 39,3 milliards de dollars (nets) de nouvelles mesures annonc\u00e9es dans le budget de 2024 ont plus qu\u2019\u00e9puis\u00e9 les 29,1 milliards de dollars de nouvelle marge de man\u0153uvre financi\u00e8re pour 2023-2024 \u00e0 2028-2029."}},{"content":{"en":"Budget 2024 indicates that the Government will attempt to achieve the savings announced in the 2023 Fall Economic Statement mostly through natural attrition in the federal public service. This planned reduction would represent a shift in the trend increase in the size of the federal public service in recent years. It is also unclear how new measures announced in Budget 2024 will impact planned full-time equivalents over the medium term.","fr":"Le budget de 2024 indique que le gouvernement tentera de r\u00e9aliser les \u00e9conomies annonc\u00e9es dans l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne de 2023, principalement par la r\u00e9duction naturelle des effectifs dans la fonction publique f\u00e9d\u00e9rale. Cette r\u00e9duction pr\u00e9vue repr\u00e9senterait un changement de tendance dans l\u2019augmentation de la taille de la fonction publique f\u00e9d\u00e9rale au cours des derni\u00e8res ann\u00e9es. On ne sait pas non plus quelle incidence les nouvelles mesures annonc\u00e9es dans le budget de 2024 auront sur les \u00e9quivalents temps plein pr\u00e9vus \u00e0 moyen terme."}},{"content":{"en":"The Government also announced in Budget 2023 and the 2023 Fall Economic Statement its intention to reallocate previously announced spending that has yet to occur. While some information has been provided in the Estimates, it remains difficult to track the overall plans, progress, and results of these measures as there is no central tracking document which is publicly available.","fr":"Le gouvernement a annonc\u00e9 dans le budget de 2023 et dans l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne de 2023 son intention de r\u00e9affecter les d\u00e9penses annonc\u00e9es pr\u00e9c\u00e9demment qui n\u2019ont pas encore \u00e9t\u00e9 engag\u00e9es. Bien que certains renseignements aient \u00e9t\u00e9 fournis dans le budget des d\u00e9penses, il demeure difficile de suivre l\u2019ensemble des plans, des progr\u00e8s et des r\u00e9sultats de ces mesures, \u00e9tant donn\u00e9 qu\u2019aucun document de suivi central n\u2019est publiquement disponible."}}]},"updated_at":"2024-04-30T12:57:10.000000Z","type":"RP","slug":"RP-2425-002-S--budget-2024-issues-parliamentarians--budget-2024-enjeux-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-002-S--budget-2024-issues-parliamentarians--budget-2024-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2425-002-S--budget-2024-issues-parliamentarians--budget-2024-enjeux-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-002-S--budget-2024-issues-parliamentarians--budget-2024-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2425-002-S--budget-2024-issues-parliamentarians--budget-2024-enjeux-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/277d778c7088ba1a197109b6c1a2b75002edeb736ffe2c5359352ed208673164"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4b6f1d42a3c13b6a620e703b2f6f136b2e9be2638d3dc5bc341222e8d019b172"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cd87bca3054abbe08b3f1f79fa1aef08aed381dc7bd7d44bfa692c7d1449e350","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3a2693035543861abcf39057ade6aeea18126112ca9044d93f4b21b353a757a8","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/11640a318b37ba7850b781478730da63e2b9b2166074d053740df2f7ff22d8c3","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d0d2cc7a53a8e955c03acabed2bc5eb4a35c3ee8553a840586a9dc7a972e6861","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/965bddbce3fc3e44472591d952ab4a498333d61ba27455c5f75bb3790c4c50bf","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4317fca74cbc801de3a3b1de250dd6dd19daff0ec14a45c12264df4b35a7c387","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ed608b045567e90194db2974f783fb2d7a6ccc4274ffc98bde18624fe86d4a54","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0f1c1749e2fcc6bd67ffa4d6d54ef841616bc98f67772c4a57b0ae6996806b2b"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/01541eb61eb5f06f50ce7fca0d7c5ce2728c657e67a2212c4de4c0475af4f15f","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3c2867a024257d3fa42c1348d1032d6811fed06a88f82e4e5f4faf3f895585fb","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2c2a77c81bcf52c8f8bdf477bbca744cad517343eb9aa6bfafb2e5e00bed4567","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9a554ff15d405b1028796dda0582b2f2799c0861cc61442f339affc3a4a3b2c7","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c50b9edfe9e39c41d90dc955e9bad6912cf9b090cb58152955869ade2403d66e","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0a30d6f7b8b802d6d5415d7a69c7ff3843f455af11925e42042ff6ca35769056","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7d68f823a8cc2fd20482657014ea550109167eb7a0b8e7b22571ab63a3bb4580","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3aaab41151e459aa1bc2abe5114e4b688250189e258fd2c493cbecc29b4f0dc0"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2425002S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Budget 2024: Issues for Parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2425002S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Budget de 2024 : enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-027-S","is_published":"2024-03-05T13:57:09.000000Z","release_date":"2024-03-05T14:00:00.000000Z","title_en":"Economic and Fiscal Outlook \u2014 March 2024","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2014 Mars 2024","internal_id":"RP-2324-027-S","metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport fournit une projection de base pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et budg\u00e9taires potentiels dans le contexte actuel des politiques.","highlights":[{"content":{"en":"The Parliamentary Budget Officer (PBO) projects growth in the Canadian economy to remain sluggish through 2024. Restrictive monetary policy is expected to restrain growth in consumer spending in the first half of the year and to dampen residential investment over the course of this year. Inventory investment is projected to subtract from growth as businesses pullback on their stock building.","fr":"Le directeur parlementaire du budget (DPB) s\u2019attend \u00e0 ce que la croissance de l\u2019\u00e9conomie canadienne demeure l\u00e9thargique tout au long de 2024. La politique mon\u00e9taire restrictive devrait limiter la croissance des d\u00e9penses de consommation au cours de la premi\u00e8re moiti\u00e9 de l\u2019ann\u00e9e et freiner l\u2019investissement r\u00e9sidentiel tout au long de celle-ci. L\u2019investissement en stocks devrait freiner la croissance \u00e0 mesure que les entreprises reculent dans la constitution de leurs stocks."}},{"content":{"en":"As excess supply in the economy increases and commodity prices continue to weaken, PBO projects that Consumer price index (CPI) inflation will return to its 2 per cent target by the end of 2024. With CPI inflation on track to return to target later this year, we continue to expect the Bank of Canada to start lowering its policy rate in April.","fr":"Avec l\u2019augmentation de l\u2019offre exc\u00e9dentaire dans l\u2019\u00e9conomie et la baisse des prix des produits de base, le DPB pr\u00e9voit que l\u2019inflation de l\u2019indice des prix \u00e0 la consommation (IPC) reviendra \u00e0 sa cible de 2 % d\u2019ici la fin de 2024. L\u2019inflation de l\u2019IPC \u00e9tant en bonne voie de revenir \u00e0 sa cible plus tard cette ann\u00e9e, nous nous attendons toujours \u00e0 ce que la Banque du Canada commence \u00e0 baisser son taux directeur en avril."}},{"content":{"en":"PBO projects the budgetary deficit to rise to $46.8 billion (1.6 per cent of the Gross domestic product (GDP)) in 2023-24 from the $35.3 billion (1.3 per cent of GDP) deficit recorded in 2022\u201123. Assuming no new measures are introduced, and existing temporary measures sunset as scheduled, the deficit is projected to resume its downward trajectory, falling to $16.9 billion (0.5 per cent of GDP) in 2028-29.","fr":"Le DPB s\u2019attend \u00e0 ce que le d\u00e9ficit budg\u00e9taire augmente \u00e0 46,8 milliards de dollars (1,6 % du produit int\u00e9rieur brut (PIB)) en 2023-2024 par rapport au d\u00e9ficit de 35,3 milliards de dollars (1,3 % du PIB) enregistr\u00e9 en 2022-2023. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le d\u00e9ficit budg\u00e9taire devrait revenir sur sa trajectoire descendante et passer \u00e0 16,9 milliards de dollars (0,5 % du PIB) en 2028-2029."}},{"content":{"en":"PBO projects the federal debt-to-GDP ratio to increase from its 2022-23 level of 41.7 per cent, reaching 42.4 per cent in 2023\u201124 and 42.5 per cent in 2024\u201125. Assuming no new measures and existing temporary measures sunset as scheduled, the federal debt ratio is projected to fall to 39.2 per cent in 2028\u201129 but remain well above its pre-pandemic level of 31.2 per cent of GDP in 2019\u201120.","fr":"Le DPB s\u2019attend \u00e0 ce que le ratio de la dette f\u00e9d\u00e9rale au PIB augmente par rapport \u00e0 son niveau de 41,7 % en 2022-2023 pour s\u2019\u00e9tablir \u00e0 42,4 % en 2023-2024 et 42,5 % en 2024-2025. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le ratio de la dette f\u00e9d\u00e9rale devrait atteindre 39,2 % en 2028\u20112029, mais rester sup\u00e9rieur \u00e0 son niveau d\u2019avant la pand\u00e9mie, qui \u00e9tait de 31,2 % du PIB en 2019-2020."}},{"content":{"en":"PBO projects the debt service ratio (that is, public debt charges relative to total revenues) to rise from 7.8 per cent in 2022\u201123 to 10.2 per cent in 2023\u201124. As the effective interest rate on debt edges higher in 2024\u201125, we project the debt service ratio to increase further and average 10.7 per cent through 2028\u201129\u2014well above its pre-pandemic record low of 7.0 per cent in 2018-19.","fr":"Le DPB s\u2019attend \u00e0 ce que le ratio du service de la dette (c\u2019est-\u00e0-dire les frais de la dette publique par rapport aux recettes totales) augmente, passant de 7,8 % en 2022-2023 \u00e0 10,2 % en 2023-2024. \u00c9tant donn\u00e9 que le taux d\u2019int\u00e9r\u00eat effectif sur la dette sera plus \u00e9lev\u00e9 en 2024-2025, nous nous attendons \u00e0 ce que le ratio du service de la dette augmente encore et s\u2019\u00e9tablisse \u00e0 10,7 % en moyenne jusqu\u2019en 2028-2029, bien au-dessus du niveau plancher pr\u00e9pand\u00e9mique de 7,0 % en 2018-2019."}}]},"updated_at":"2024-03-05T13:57:09.000000Z","type":"RP","slug":"RP-2324-027-S--economic-fiscal-outlook-march-2024--perspectives-economiques-financieres-mars-2024","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-027-S--economic-fiscal-outlook-march-2024--perspectives-economiques-financieres-mars-2024","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-027-S--economic-fiscal-outlook-march-2024--perspectives-economiques-financieres-mars-2024"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-027-S--economic-fiscal-outlook-march-2024--perspectives-economiques-financieres-mars-2024","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-027-S--economic-fiscal-outlook-march-2024--perspectives-economiques-financieres-mars-2024"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/592b2821b72a722d94c7e2ec550869247372b74075bbba84f38f09c8b398fce9"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4c4cdb97a9afd883daa9e3d3e5391752c1a3def1a44039e6ae978ac84625ab38"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/06095f19ca30d6fc8a62e52d7c5a64f0b9c5aa6910c3c18996b34405155b6077","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/193cee6e59ff94014ee8cde3ef61c938752076572e540ed663955de3dd4d4253","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/333d8b06ff001133abd4a56b5d354ce264bb556a0084a4f3920ee4eff8d9489c","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ccdbba14afda98a8df3c8e1228b3605e6aa2c8b67096d0e2919fd593a7535eab","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2a83fb90de2a7d96a541a581e66b63da3d200e81f92b280d7e66a73ce06ab7ea","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2634b3c2c427a0819236effc902f3b958ea661c6d9bdf202154e68a836e7f7f5","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3076bacb621066bf6486b3c84dfce44e410ccf761d848121d3983861487a7744","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/57aee2ca666b3496b4b887b4b6b374f872c8c6aabe9241457dbdab9ccca1372e"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/90f20a17fafa029f686260ced14140337e6f2188e8b1f3599b30eaf25ca5906d","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c7bc398e2aac825d14c45c527125d0cbfa48fe76dd9ea7263985db5829b94e8c","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/47329158fe8dc39c56ae28a48ce0a82834432f9f7951cf313c1b33f030b21b8f","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5dbaa3fe6b3a25c0c1f221ed7b11ef344a2c3e9690ef34db402122a50ff7a5f9","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/07544b6965ecbc93e866d9f5a34d45c70a4fe919ce66bbca45aae402b6a4b775","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f445fff1f4395e5a7bc05d3de9a0e4e4646d059d2a37f8d2c3956b3f773efc1c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cc356e5be4e13ddaabf1c4d9a171b8407b4324294f84713134e868c1c8ef09d1","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6170b6fec1a23dedf88a5b804769aac1fae2ac0ec854b39e516b78aed786e9f6"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324027S,\n author={Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Nahornick, Nora and Robert-Lacroix, Ulysse and Scholz, Tim and Stanton, Jason and Vrhovsek, Zachary},\n title={Economic and Fiscal Outlook \\textemdash March 2024},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324027S,\n author={Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Nahornick, Nora and Robert-Lacroix, Ulysse and Scholz, Tim and Stanton, Jason and Vrhovsek, Zachary},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res \\textemdash Mars 2024},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2324-022-S","is_published":"2024-02-01T13:57:17.000000Z","release_date":"2024-02-01T14:00:00.000000Z","title_en":"Investment Tax Credit for Carbon Capture, Utilization and Storage","title_fr":"Cr\u00e9dit d\u2019imp\u00f4t \u00e0 l\u2019investissement pour le captage, l\u2019utilisation et le stockage du carbone","internal_id":"LEG-2324-022-S","metadata":{"abstract_en":"As initially proposed in Budget 2021, the government introduced an investment tax credit (ITC) for capital invested in Carbon Capture, Utilization and Storage (CCUS) projects. This note contains the costing of the ITC for CCUS. It covers the announcement in Budget 2022 which introduced the refundable tax credit for CCUS as well as Budget 2023 which announced revisions to the credit.","abstract_fr":"Comme il l\u2019avait propos\u00e9 initialement dans son budget de 2021, le gouvernement a instaur\u00e9 un cr\u00e9dit d\u2019imp\u00f4t \u00e0 l\u2019investissement (CII) pour le capital investi dans des projets de captage, d\u2019utilisation et de stockage du carbone (CUSC). Cette note pr\u00e9sente l\u2019\u00e9valuation des co\u00fbts du CII pour le CUSC. Elle tient compte de l\u2019annonce faite dans le budget de 2022 concernant l\u2019instauration du cr\u00e9dit d\u2019imp\u00f4t remboursable pour le CUSC, et de celle faite dans le budget de 2023 concernant des r\u00e9visions apport\u00e9es au cr\u00e9dit.","highlights":[]},"updated_at":"2024-02-01T18:21:55.000000Z","type":"LEG","slug":"LEG-2324-022-S--investment-tax-credit-carbon-capture-utilization-storage--credit-impot-investissement-captage-utilisation-stockage-carbone","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2324-022-S--investment-tax-credit-carbon-capture-utilization-storage--credit-impot-investissement-captage-utilisation-stockage-carbone","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2324-022-S--investment-tax-credit-carbon-capture-utilization-storage--credit-impot-investissement-captage-utilisation-stockage-carbone"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2324-022-S--investment-tax-credit-carbon-capture-utilization-storage--credit-impot-investissement-captage-utilisation-stockage-carbone","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2324-022-S--investment-tax-credit-carbon-capture-utilization-storage--credit-impot-investissement-captage-utilisation-stockage-carbone"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/8e95e1ac78923bcec809e769bbe39a85e5258ad4582499199a27ab26687f8627"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/30bc9a2568fcf4f5c7b1c28ccbaca39b51d68bf1455045976709b0d0f2c0971b"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fc338b72c123af75eaad46a4796065716f718a1ac5f390734ae97725a4b569e6","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9dd9ffcc5348d408edb733a6a68b1d602743ff2404e42816ed7ad43f8e091a33","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9cdb9647cddea340725ca077c3f35bbf6778e8963387ba1257e1e2235c3aa8b6","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/36b440a1e9cd6ae636d8b2667d55918411d75dad54eeccdf48c654b948207188","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ce1f3d9a62fc010e3e6ad33a88d1f2437f9c8481749e5ae235541c35c11c0488","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/46218004ca692824696df8e89d0a014f9c88b94f414996fa6e2f4fcefaa0018b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c84760d896f87651226d867300fff768d203373a56f048f08e179ffe2e8523e6","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/131a21e0490bdfdcbda6e2705e70b40b1f285b70ef8a424179f64d0abab68569"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b72fec8ba249eb8c70647c8c8d25a76508baad5ef0c8adf7356f15fd3f1da657","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0cc7065294b26f55270371e7bdaaafacc72afb36da84cf55a6c0329c3fff6bc8","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5cb92e3d107a19079180630a49bf42b2f3721a1ee8de73762753974439dad13f","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/208cfe60e57c509fa5b92375614724a85514f38e861dfc0e29303724f1766eda","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a19f11489135fd0e794299e37dee44eb435e0f24d6483e3376bed2b2c3a882ed","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/73cdf607d69f4c682f473d2eb91e82ff2b6e96703fa8b84a0b71b4264be2becf","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6bc490fe21034e981ec8a025ea51a749bf860c15195b1cd8627db2b217952c45","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e6a23a24204de1f6008bda5515ff9ff73db9cb9dc580455b735cfbf2fc8b70f2"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2324022S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora and Scholz, Tim},\n title={Investment Tax Credit for Carbon Capture, Utilization and Storage},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2324022S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora and Scholz, Tim},\n title={Cr\\\u0027{e}dit d\u2019imp\\^{o}t \\`{a} l\u2019investissement pour le captage, l\u2019utilisation et le stockage du carbone},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2324-021-S","is_published":"2024-02-01T13:57:09.000000Z","release_date":"2024-02-01T14:00:00.000000Z","title_en":"Investment Tax Credit for Clean Hydrogen","title_fr":"Cr\u00e9dit d\u2019imp\u00f4t \u00e0 l\u2019investissement pour l\u2019hydrog\u00e8ne propre","internal_id":"LEG-2324-021-S","metadata":{"abstract_en":"The Clean Hydrogen Investment Tax Credit (ITC), first announced in the 2022 Fall Economic Statement and described in Budget 2023, will provide a 15 to 40 per cent refundable tax credit for investments in projects that produce all, or substantially all, hydrogen through their production process. This measure would apply to property that is acquired and that becomes available for use on or after March 28, 2023.","abstract_fr":"Le Cr\u00e9dit d\u2019imp\u00f4t \u00e0 l\u2019investissement (CII) pour l\u2019hydrog\u00e8ne propre, annonc\u00e9 pour la premi\u00e8re fois dans l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne de 2022 et d\u00e9crit dans le budget de 2023, consistera en un cr\u00e9dit d\u2019imp\u00f4t remboursable de 15 \u00e0 40 % pour les investissements dans des projets qui produisent enti\u00e8rement, ou presque, de l\u2019hydrog\u00e8ne dans le cadre de leur processus de production. Cette mesure s\u2019appliquera aux biens acquis et mis en service \u00e0 partir du 28 mars 2023.","highlights":[]},"updated_at":"2024-02-01T13:57:09.000000Z","type":"LEG","slug":"LEG-2324-021-S--investment-tax-credit-clean-hydrogen--credit-impot-investissement-hydrogene-propre","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2324-021-S--investment-tax-credit-clean-hydrogen--credit-impot-investissement-hydrogene-propre","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2324-021-S--investment-tax-credit-clean-hydrogen--credit-impot-investissement-hydrogene-propre"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2324-021-S--investment-tax-credit-clean-hydrogen--credit-impot-investissement-hydrogene-propre","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2324-021-S--investment-tax-credit-clean-hydrogen--credit-impot-investissement-hydrogene-propre"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/1bbdefd7a85988c60b360eac7e7f555c515ef9cf03fb906427b2a579342499d8"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2a9cbbc6f72f6f200d37cf0a03965932bac166e118dd213d9cf51090203d8a8a"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bc3244a7e206b94b3ea5252db571de294552b9e7df8fe764058825db1b760e81","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d2cd774e63d72d00a687d983d490031e09b02b38365cbd6263a54e102bd79c64","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d1eaaa255f2d3b3e3a1710b5f40cf316b9a67a6caba59a32b55e6297d059c4f2","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e0ccca5926c9b02308ed7af769408df503d9220eaa3de177a4c468880af0759d","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e559ed42b9d8e1414e3bb455748eb8dcb34d7806a50f32f7eb837248af853504","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7b505c4c5694340e35197cd3a1c55d10c47132a4c38475e48848643f9dd1d639","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/49f7a6e087167dbb0a3eb97a536b3939825490de7070b6bd4c93944b03ffbce3","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7412416aefeda92370cf4939508d0d858943d7d615bebf718db56f31557712bd"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9d2276956ab32544a658def4d70593bcd4566aca32e1a215b207e2a53595eaa7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cc100626fe5dd8e9f7bd5229589f15d37bd3e4861b6f7baa1b4cfd849c1c98a9","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0c5559aa1f709b11cda736fb5041545412067e964cc5911322a19329a618b936","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5213c1f8e0e5532377ad5386b83dfbbffadd118ed3bf1c8326648cf86311157","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fa624a1c55cabb58180ee01a33cceeffe4adf1e8002b084edf129f07c2775c63","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/566dd92ca14a4c61284a29ddfa137e90e7bbf7c1d1c61d58ed21823464fe85a2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/56474c66372ee92ae6799021d533e858b5962e4f9c9e6a743e09110d0a87241a","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/62548eff4fd64ecbef65151d340b71f72151de9dab880d489563960157066ee8"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2324021S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora and Scholz, Tim},\n title={Investment Tax Credit for Clean Hydrogen},\n institution={The Office of the Parliamentary Budget Officer},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2324021S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora and Scholz, Tim},\n title={Cr\\\u0027{e}dit d\u2019imp\\^{o}t \\`{a} l\u2019investissement pour l\u2019hydrog\\`{e}ne propre},\n institution={Bureau du directeur parlementaire du budget},\n year=2024,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-022-S","is_published":"2023-12-07T13:57:09.000000Z","release_date":"2023-12-07T14:00:00.000000Z","title_en":"Fall Economic Statement 2023: Issues for Parliamentarians","title_fr":"\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne 2023 \u2014 Enjeux pour les parlementaires","internal_id":"RP-2324-022-S","metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from the 2023 Fall Economic Statement.","abstract_fr":"Ce rapport fait ressortir les faits saillants de l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne de 2023 pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Revisions to the private sector economic outlook and fiscal developments in the Fall Economic Statement lower the outlook for the budgetary balance by $18.7 billion (or $3.7 billion per year, on average) over 2023-24 to 2027 28 relative to Budget 2023.","fr":"Les r\u00e9visions apport\u00e9es aux perspectives \u00e9conomiques du secteur priv\u00e9 et l\u2019\u00e9volution de la situation financi\u00e8re dans l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne donnent lieu \u00e0 des perspectives inf\u00e9rieures pour le solde budg\u00e9taire de 18,7 milliards de dollars (ou 3,7 milliards de dollars par ann\u00e9e, en moyenne) de 2023-2024 \u00e0 2027 2028 par rapport au budget de 2023."}},{"content":{"en":"The Government announced $23.6 billion in new spending that was partially offset by $2.9 billion in \u201crefocusing and reallocation\u201d spending measures. On a net basis, new measures further reduce the budgetary balance by $20.7 billion (or $3.4 billion per year, on average) over 2023-24 to 2028-29.","fr":"Le gouvernement a annonc\u00e9 23,6 milliards de dollars de nouvelles d\u00e9penses, partiellement compens\u00e9es par 2,9 milliards de dollars de mesures consistant \u00e0 \u00ab\u2009recentrer et \u00e0 r\u00e9affecter\u2009\u00bb les d\u00e9penses. Sur une base nette, les nouvelles mesures r\u00e9duisent le solde budg\u00e9taire de 20,7 milliards de dollars (ou 3,4 milliards de dollars par ann\u00e9e, en moyenne) de 2023-2024 \u00e0 2028-2029."}},{"content":{"en":"The Fall Economic Statement expands on the Budget 2023 commitment to refocus government spending, with the goal to identify an additional $2.4 billion in savings over 2025-26 to 2028-29. In addition, the Government intends to reallocate $0.5 billion in originally planned spending.","fr":"L\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne d\u00e9veloppe l\u2019engagement pris dans le budget de 2023 de recentrer les d\u00e9penses publiques, avec l\u2019objectif de d\u00e9gager 2,4 milliards de dollars d\u2019\u00e9conomies suppl\u00e9mentaires sur la p\u00e9riode de 2025-2026 \u00e0 2028-2029. De plus, le gouvernement a l\u2019intention de r\u00e9affecter 0,5 milliard de dollars de d\u00e9penses initialement pr\u00e9vues."}},{"content":{"en":"There is currently little information available on the status of $15.4 billion in Budget 2023 spending reviews and the additional $2.4 billion in savings announced in the Fall Economic Statement. Further, there is currently no publicly available information related to the $3.6 billion in spending to be reallocated in 2023-24.","fr":"Peu de renseignements sont actuellement disponibles sur l\u2019\u00e9tat des 15,4 milliards de dollars concernant les examens des d\u00e9penses pr\u00e9vus dans le budget de 2023 et des 2,4 milliards de dollars en \u00e9conomies suppl\u00e9mentaires annonc\u00e9es dans l\u2019\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne. En outre, il n\u2019existe actuellement aucun renseignement public li\u00e9 aux 3,6 milliards de dollars de d\u00e9penses qui seront r\u00e9affect\u00e9s en 2023-2024."}},{"content":{"en":"Since Budget 2021, the Government has projected a total of $212.8 billion in new fiscal room. Essentially all of this fiscal room has now been exhausted through increased spending (on a net basis), with only $0.5 billion used to reduce the deficit (on a cumulative basis). Of the $212.8 billion in new fiscal room, $188.8 billion (89 per cent) has been used to finance new non-COVID 19 measures over 2021-22 to 2028-29.","fr":"Depuis le budget de 2021, le gouvernement a projet\u00e9 une nouvelle marge de man\u0153uvre financi\u00e8re totale de 212,8 milliards de dollars. Pratiquement toute cette marge de man\u0153uvre financi\u00e8re a \u00e9t\u00e9 \u00e9puis\u00e9e sous l\u2019effet de l\u2019augmentation des d\u00e9penses (sur une base nette); seulement 0,5 milliard de dollars ont \u00e9t\u00e9 utilis\u00e9s pour r\u00e9duire le d\u00e9ficit (sur une base cumulative). Des 212,8 milliards de dollars de nouvelle marge de man\u0153uvre financi\u00e8re, 188,8 milliards (89 %) ont \u00e9t\u00e9 utilis\u00e9s pour financer de nouvelles mesures non li\u00e9es \u00e0 la COVID 19 sur la p\u00e9riode de 2021-2022 \u00e0 2028-2029."}}]},"updated_at":"2023-12-07T18:18:04.000000Z","type":"RP","slug":"RP-2324-022-S--fall-economic-statement-2023-issues-parliamentarians--enonce-economique-automne-2023-enjeux-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-022-S--fall-economic-statement-2023-issues-parliamentarians--enonce-economique-automne-2023-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-022-S--fall-economic-statement-2023-issues-parliamentarians--enonce-economique-automne-2023-enjeux-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-022-S--fall-economic-statement-2023-issues-parliamentarians--enonce-economique-automne-2023-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-022-S--fall-economic-statement-2023-issues-parliamentarians--enonce-economique-automne-2023-enjeux-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/e4131fb83809889ff9a0acfe037e601163e30d2207c31e640c02835b47462f52"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/a83f29e58e2a14a717bb76d66d640c2c0848f43e20abbe5f6366b14d8111916f"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ff28b242181eaec3d8daa7ce2980ab346e68e2e66bdf70063f1f4978d8d16483","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d104a6e8d6cfe89f8cd7a99bdb69e570cc2f6e09e9863a7bd425db102e83cefd","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ca8092df23aab7d6e779377d6061d677d3fc8c63669c83f93f951419b7f21e10","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4ccfb3ec134d14a256bd303a903214fe230e29f6aed11447f98267b01affaab6","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/38b858e1f3c5aef5959d519374d7511ef4c6075e4d0be9d0eb36aa1223a4ab52","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a8f780a6285c6c085de9bf6afb25395f5ae99d3de6447f5910672ad98b4c5e70","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ce0d0a6b22b54f7cf9d2fe379cf2d6b671c0932f9188f4bfdc429ad3d3a3ac95","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3914ec7a7c37dc5f8cb1eec8663ce529edb2e4cd8d2f1f92c3cf970b5bccbc33"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e8d9a3f64ace45ce0c4b9bc1385da7c3171c6167a46458309590f21c79481c6e","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/75f154f1653be778553c56c3bae5d15c86a72638aa84020827d800f12a1ae5b6","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b0c31aa2dc39de26b48ee4896382f9f9f0c709bf8ed68ccb2df2c9de9f2afa41","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2fb953e844b6031ad3a8324798d700b0a17bf3ce39a562a03f0a944c318ddb72","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b7da0a6863c0b3822be9e441efabb20311ee79b8f943c8fd5264b5a49c98c8d1","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c7822c17e6fdb952cebf1d62d365fb91e2774af559cf0f09a674f2d84d73f961","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2eaf408f31f54b1e0995904956bc0c80a26a20776d180a232ef3c02cd3f7c478","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f182933c3b9a90cebaa800aaf8c6b65daf8d050650473473eb8fb32f97941c2d"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324022S,\n author={Nahornick, Nora and Scholz, Tim and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Fall Economic Statement 2023: Issues for Parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324022S,\n author={Nahornick, Nora and Scholz, Tim and Stanton, Jason and Vanderwees, Kaitlyn},\n title={\\\u0027{E}nonc\\\u0027{e} \\\u0027{e}conomique de l\u2019automne 2023 \\textemdash Enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-017-S","is_published":"2023-10-13T12:57:11.000000Z","release_date":"2023-10-13T13:00:00.000000Z","title_en":"Economic and Fiscal Outlook \u2013 October 2023","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2013 octobre 2023","internal_id":"RP-2324-017-S","metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Le pr\u00e9sent rapport fournit une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"Following the contraction in real GDP in the second quarter, PBO projects the Canadian economy to stagnate in the second half of 2023. As the Bank of Canada maintains its restrictive monetary policy to restore price stability, we project that consumer spending will remain weak in the second half of this year and the first half of 2024.","fr":"Apr\u00e8s la contraction du produit int\u00e9rieur brut (PIB) r\u00e9el au deuxi\u00e8me trimestre, le DPB pr\u00e9voit que l\u2019\u00e9conomie canadienne stagnera au cours du deuxi\u00e8me semestre de l\u2019ann\u00e9e 2023. Alors que la Banque du Canada maintient sa politique mon\u00e9taire restrictive afin de r\u00e9tablir la stabilit\u00e9 des prix, nous pr\u00e9voyons que les d\u00e9penses de consommation demeureront faibles au cours du deuxi\u00e8me semestre de cette ann\u00e9e et de la premi\u00e8re moiti\u00e9 de l\u2019ann\u00e9e 2024."}},{"content":{"en":"PBO expects the Bank of Canada to hold the policy interest rate at 5 per cent through the first quarter of 2024. With CPI inflation on track to return to its 2 per cent target, we then expect the Bank to start lowering its policy rate in April 2024.","fr":"Le DPB s\u2019attend \u00e0 ce que la Banque du Canada maintienne le taux directeur \u00e0 5 % jusqu\u2019au premier trimestre de 2024. L\u2019inflation de l\u2019IPC \u00e9tant en bonne voie de revenir \u00e0 sa cible de 2 %, nous pr\u00e9voyons que la Banque commencera \u00e0 abaisser son taux directeur en avril 2024."}},{"content":{"en":"For the current fiscal year, 2023-24, PBO projects the budgetary deficit to rise to $46.5 billion (1.6 per cent of GDP). Assuming no new measures are introduced, and existing temporary measures sunset as scheduled, the budgetary deficit is projected to resume its downward trajectory, falling to $8.2 billion (0.2 per cent of GDP) in 2028-29.","fr":"Pour l\u2019exercice financier en cours, soit 2023-2024, le DPB pr\u00e9voit que le d\u00e9ficit budg\u00e9taire atteindra 46,5 milliards de dollars (1,6 % du PIB). En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le d\u00e9ficit budg\u00e9taire devrait revenir sur sa trajectoire descendante et passer \u00e0 8,2 milliards de dollars (0,2 % du PIB) en 2028-2029."}},{"content":{"en":"PBO projects the federal debt-to-GDP ratio to rise to 42.6 per cent in 2023 24. Assuming no new measures and existing temporary measures sunset as scheduled, the federal debt ratio is projected to fall to 37.8 per cent in 2028-29 but remain above its pre-pandemic level of 31.2 per cent of GDP in 2019-20.","fr":"Le DPB pr\u00e9voit une augmentation du ratio de la dette f\u00e9d\u00e9rale au PIB de 42,6 % en 2023-2024. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le ratio de la dette f\u00e9d\u00e9rale devrait atteindre 37,8 % en 2028 2029, mais rester sup\u00e9rieur \u00e0 son niveau d\u2019avant la pand\u00e9mie, qui \u00e9tait de 31,2 % du PIB en 2019 2020."}},{"content":{"en":"PBO projects the debt service ratio (that is, public debt charges relative to tax revenues) under status quo policy will peak at 12.0 per cent in 2023-24 and then decline gradually to 11.0 per cent in 2028-29\u2014well above its pre-pandemic low of 8.3 per cent in 2018-19.","fr":"Le DPB projette que le ratio du service de la dette (c\u2019est-\u00e0-dire les charges de la dette publique par rapport aux recettes fiscales), selon une politique de statu quo, culminera \u00e0 12,0 % en 2023 2024, puis diminuera progressivement pour s\u2019\u00e9tablir \u00e0 11,0 % en 2028 2029, soit bien au-dessus de son niveau le plus bas enregistr\u00e9 avant la pand\u00e9mie, \u00e0 savoir 8,3 % en 2018 2019."}}]},"updated_at":"2023-10-30T11:33:03.000000Z","type":"RP","slug":"RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-017-S--economic-fiscal-outlook-october-2023--perspectives-economiques-financieres-octobre-2023"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/48014b51a8f869dfb0ecc9163f1989c560c107cc3aa9d29a8dd1a40c0e73a664"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/5a2187bb6ed654597e45117677fde8a53b7c0a8077ae4a9b273c502021b0395c"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3f0ac070338e99c9e024fba6f51d4395126b1599787a710bc8fdbec59ca37a37","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8c91fc6b516a055baf6267c0abc49211144c48fc985888ece068f613b2cf319b","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/14b870179b375409a94eeffa2e0d61259656c7809717b46bdb6e7dad1a9f71a6","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/00ded9049717d36f0c90aff050bdddb50322d81c4bce1276b1a19629c18e74a1","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/44bead66a5730a843703164f455cee7a8c0996f290a82de984f88dbe04724229","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4b7d2bc161fbd66fc5a11fa51ed60e04d126d82106341b5825c86ca531bbb63e","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/638b944b8a5c42cd8fb34525cffa2f681b543c9d951bfcfa6dcccbad26fef0f7","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5bc367026e766c2206b92a261d23a5ae22f768e441ced0d482fc5d309df15ff1"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/56494b21089fb3dda05eddd3db11b01cf2f3b8501786202a860318fbce74fd30","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f500451f2c3b4caa34db934cbdc42353bdcba90ded1906ef5bd7a52df24950cd","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c90fe809718cb6febee32cb61f76eb4bcb4a25468ba7471d8b2deb403ce49e9a","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/989467e8f14bcb1bedc4dc28e0bfe87d655c6d0a931a131143a05955cc326be5","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/75a85c74ee28b7c3f6145b7083ae8c3c48a677ee28a6881ede7e45671bd90aea","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/39db98261619edf2a1ac49332ff049d6d76ca5c35e2050f9a592bb52b452def3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d5b736fc0483291faa10877244e87eb2652a011436040ed8f56f8a2c3abe1eb2","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cf3e4baa03ffec0d871a79beeaf32e59e01ad11e59bf6f554a5b4652d706d271"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324017S,\n author={Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Nahornick, Nora and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - October 2023},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324017S,\n author={Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Nahornick, Nora and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - octobre 2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2324-010-S","is_published":"2023-09-28T12:57:02.000000Z","release_date":"2023-09-28T13:00:00.000000Z","title_en":"Investment Tax Credit for Clean Technology Manufacturing","title_fr":"Cr\u00e9dit d\u2019imp\u00f4t \u00e0 l\u2019investissement pour la fabrication de technologies propres","internal_id":"LEG-2324-010-S","metadata":{"abstract_en":"This note estimates the total cost of the refundable investment tax credit for Clean Technology Manufacturing, proposed in Budget 2023, which equals to 30 per cent of the capital cost of eligible property associated with eligible activities.","abstract_fr":"Cette note fournit une estimation du co\u00fbt de la mesure budg\u00e9taire de 2023 qui propose l\u2019instauration d\u2019un cr\u00e9dit d\u2019imp\u00f4t \u00e0 l\u2019investissement remboursable, pour la fabrication de technologies propres, \u00e9quivalent \u00e0 30 % du co\u00fbt en capital des biens admissibles consacr\u00e9s aux activit\u00e9s admissibles.","highlights":[]},"updated_at":"2024-06-28T14:21:49.000000Z","type":"LEG","slug":"LEG-2324-010-S--investment-tax-credit-clean-technology-manufacturing--credit-impot-investissement-fabrication-technologies-propres","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2324-010-S--investment-tax-credit-clean-technology-manufacturing--credit-impot-investissement-fabrication-technologies-propres","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2324-010-S--investment-tax-credit-clean-technology-manufacturing--credit-impot-investissement-fabrication-technologies-propres"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2324-010-S--investment-tax-credit-clean-technology-manufacturing--credit-impot-investissement-fabrication-technologies-propres","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2324-010-S--investment-tax-credit-clean-technology-manufacturing--credit-impot-investissement-fabrication-technologies-propres"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/7889664b1a472ac464d5769d7931bf87c7ed56d5bcc1fc9ce0f5ddd46ffd6b87"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/cfbe9250204c147a73c9b3b4e15310771616d099a806e79ab874678c6906a881"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e305d75b40c00b23bae8af32b716e76b9a50a1a3035e21f646ff23125d03d6a4","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/915a26f3301d1b5cf6e92dfbc053ea8bcc5e794d095064a7dfe4a1cd02623f77","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dbe26dfeaec459eb88abc62caf747ecdb0e826e20a18d5929d35d5af2a928602","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5b8844ff5ba24671c03b94757d009b6cb965a751b0295815d1a82612b7db5483","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cfcc8a79710a9830d7e1228b1a9a90119df24bed4b80f22c6ad410b2aac41c34","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f85293a2b93a86807fa7341298648488362c6510f156b3c62ee220c27a81baf0","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/733423d2d17e885b465da498145593a11b0460919205d8d03bfcff054be99f55","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8d63c7bbad06ca9d7ef1483ea27e784732e78fc7fc0488fed4536b8bb4ffbd1e"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c6a96820f4c95d06d65abd157e413a3dab4b998dd3a63705a9d67ca49c97e41f","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a9972a86e53cb94cc247cf23b8aa36f813e55a4a8a044f91eb578ed253bcd123","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b6c598ea36057d68eea16e534c7ef490421f36d91b236cacf8605efe2907fe90","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/43ff12dd5bb166af71f424a09b36d3bce7e02d6f2045fbb2825aef594b51f6eb","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4e5cc2668a78b5a01129b56735453a8176d6746034cd78244309b9ded5749575","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cc1d3e81547802eb945e3df9bbea1955eaa0f1d174734d9f353c1a8237524954","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/96c53efedab13b15c6e45dd9b39a592071228f6deba6729dc9e4095953ebc475","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/846f466a2eeecb97f4bb309426cd75d0949d530ae4c7e731d0dbd5ff1e4bb257"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-LEG2324010S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora},\n title={Investment Tax Credit for Clean Technology Manufacturing},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2324010S,\n author={Kpekou Tossou, Rolande and Nahornick, Nora},\n title={Cr\\\u0027{e}dit d\u2019imp\\^{o}t \\`{a} l\u2019investissement pour la fabrication de technologies propres},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-007-S","is_published":"2023-06-15T12:57:10.000000Z","release_date":"2023-06-15T13:00:00.000000Z","title_en":"Update on the energy sector and agriculture: federal revenue forgone from tax provisions","title_fr":"Mise \u00e0 jour sur le secteur de l\u2019\u00e9nergie et l\u2019agriculture : les recettes f\u00e9d\u00e9rales auxquelles renonce le gouvernement f\u00e9d\u00e9ral au titre de certaines dispositions fiscales","internal_id":"RP-2324-007-S","metadata":{"abstract_en":"This report is a supplement to the PBO\u2019s report entitled \u201cEnergy sector and agriculture: federal revenue forgone from tax provisions.\u201d It examines the cost of tax provisions specific to fossil fuel development and the lost revenue from exemptions to the carbon levy for agriculture.","abstract_fr":"Le pr\u00e9sent rapport est un suppl\u00e9ment au rapport du DPB intitul\u00e9 \u00ab Le secteur de l\u2019\u00e9nergie et l\u2019agriculture : les recettes f\u00e9d\u00e9rales auxquelles renonce le gouvernement f\u00e9d\u00e9ral au titre de certaines dispositions fiscales \u00bb. On y examine le co\u00fbt des dispositions fiscales relatives \u00e0 l\u2019exploitation des combustibles fossiles ainsi que les recettes c\u00e9d\u00e9es au titre de l\u2019exon\u00e9ration de l\u2019activit\u00e9 agricole de la taxe sur le carbone.","highlights":[{"content":{"en":"Oil, gas and coal mining corporations have reduced exploration and development activities\u2013 new annual expenses averaged $19 billion from 2015 to 2021 compared to $32 billion from 2005 to 2014. Beginning in 2020, new annual resource-related expenses declined significantly, dropping to $9.8 billion in 2020 and $13.3 billion in 2021.","fr":"Les soci\u00e9t\u00e9s p\u00e9troli\u00e8res, gazi\u00e8res et charbonni\u00e8res ont r\u00e9duit leurs activit\u00e9s d\u2019exploration et d\u2019exploitation \u2013 les nouvelles d\u00e9penses annuelles s\u2019\u00e9levaient en moyenne \u00e0 19 milliards de dollars de 2015 \u00e0 2021, par rapport \u00e0 32 milliards de dollars de 2005 \u00e0 2014. \u00c0 partir de 2020, les nouvelles d\u00e9penses annuelles li\u00e9es aux ressources ont nettement diminu\u00e9, passant \u00e0 9,8 milliards de dollars en 2020 et \u00e0 13,3 milliards de dollars en 2021."}},{"content":{"en":"Our prior report indicated that resource specific expense claims by oil, gas and coal mining corporations reduced their annual federal tax revenue by $1.9 billion, on average, from 2015 to 2019. Total resource-related deductions for 2020 and 2021 were $1.9 billion and $1.8 billion, respectively.","fr":"Notre rapport pr\u00e9c\u00e9dent indiquait que les d\u00e9penses engag\u00e9es pour des ressources particuli\u00e8res d\u00e9clar\u00e9es par les soci\u00e9t\u00e9s p\u00e9troli\u00e8res, gazi\u00e8res et charbonni\u00e8res avaient r\u00e9duit les recettes fiscales f\u00e9d\u00e9rales de 1,9 milliard de dollars, en moyenne, de 2015 \u00e0 2019. Les d\u00e9ductions totales li\u00e9es aux ressources pour 2020 et 2021 s\u0027\u00e9levaient respectivement \u00e0 1,9 milliard et 1,8 milliard de dollars."}},{"content":{"en":"Carbon levy exemption for agriculture is estimated to be worth $595 million in 2023 as the levy reaches $65 per ton of CO2 equivalent. This will rise dramatically as the levy increases to $170 per tonne. In the absence of substitution effects, the exemption is estimated to rise to $1.6 billion by 2030. Compared to our previous report, the estimated value of the carbon levy exemption for agriculture is marginally higher by 2030.","fr":"On estime l\u2019exon\u00e9ration de l\u2019activit\u00e9 agricole de la taxe sur le carbone \u00e0 595 millions de dollars en 2023, avec une taxe \u00e0 65 $ la tonne d\u2019\u00e9quivalent CO\u2082. Ce montant augmentera consid\u00e9rablement lorsque la taxe passera \u00e0 170 $ la tonne. En l\u2019absence d\u2019effets de substitution, l\u2019exon\u00e9ration devrait s\u2019\u00e9lever \u00e0 1,6 milliard de dollars d\u2019ici 2030. Comparativement \u00e0 notre rapport pr\u00e9c\u00e9dent, le montant estimatif de l\u2019exon\u00e9ration de l\u2019activit\u00e9 agricole de la taxe sur le carbone est l\u00e9g\u00e8rement sup\u00e9rieur d\u2019ici 2030."}},{"content":{"en":"Since 2015, Export Development Canada invested more than $75 billion in business facilitated in the oil and gas sector. Of this investment, $15.4 billion was in international business facilitated for the oil and gas sector.","fr":"Depuis 2015, Exportation et d\u00e9veloppement Canada a investi plus de 75 milliards de dollars dans la facilitation d\u2019activit\u00e9s dans le secteur p\u00e9trolier et gazier, dont 15,4 milliards de dollars dans la facilitation d\u2019activit\u00e9s internationales pour le secteur p\u00e9trolier et gazier."}},{"content":{"en":"Lending to Canadian oil and gas producers represents approximately 1% of Business Development Bank of Canada\u0027s (BDC) total portfolio. This translates to approximately $2.4 billion in lending from 2015 to 2022. BDC\u2019s support in the international unabated fossil fuel energy sector is effectively zero.","fr":"Les pr\u00eats aux producteurs p\u00e9troliers et gaziers canadiens constituent environ 1 % du portefeuille total de la Banque de d\u00e9veloppement du Canada (BDC). Cela repr\u00e9sente approximativement 2,4 milliards de dollars de pr\u00eats de 2015 \u00e0 2021. La BDC n\u2019offre aucune aide au secteur international des combustibles fossiles sans dispositif de r\u00e9duction des gaz \u00e0 effet de serre (GES)."}}]},"updated_at":"2023-11-21T18:36:52.000000Z","type":"RP","slug":"RP-2324-007-S--update-energy-sector-agriculture-federal-revenue-forgone-from-tax-provisions--mise-jour-secteur-energie-agriculture-recettes-federales-auxquelles-renonce-gouvernement-federal-tit","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-007-S--update-energy-sector-agriculture-federal-revenue-forgone-from-tax-provisions--mise-jour-secteur-energie-agriculture-recettes-federales-auxquelles-renonce-gouvernement-federal-tit","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-007-S--update-energy-sector-agriculture-federal-revenue-forgone-from-tax-provisions--mise-jour-secteur-energie-agriculture-recettes-federales-auxquelles-renonce-gouvernement-federal-tit"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-007-S--update-energy-sector-agriculture-federal-revenue-forgone-from-tax-provisions--mise-jour-secteur-energie-agriculture-recettes-federales-auxquelles-renonce-gouvernement-federal-tit","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-007-S--update-energy-sector-agriculture-federal-revenue-forgone-from-tax-provisions--mise-jour-secteur-energie-agriculture-recettes-federales-auxquelles-renonce-gouvernement-federal-tit"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/434e151f4cc4aa7b5536bc19caecda106be305398af281ba70231ebe632880c5"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/256c681f17e0c4650f2e8d21dde713efa2f2bb2e8e1c4da8670a14911685cf20"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0103b984dc632c9deea6116ee81beeaa5e98be36f2c87d8d6d66e7b824f4404c","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/47b6976a6a131b308edf16a48df096e64adf3d76622f71e265fa9404fe7c41e7","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/69bc13fbd583180e237c38dd3ed8736046605efb7b7140fc1d00e173cf30b8c3","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4e09f0f82fd0939d009d9b87b661e5da2172800a5d1e5c536a55fc5e5e1fa86e","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/02cdc20259b4053b1fc8477e3324f59a8dcdc7ecfba408af6d31377292f44f90","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5a3af9993a671c491336b651a82a714cb4af0ca2ec89faa364cb53d43431e45d","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/30f9a23d87a12873b289078349edc33834537aa5e74951d1e85325d7cb18baf5","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/27ec9270a6f3ea4937675a501d1f96c30764c9e16c217cf9c41cfdd0d6b2a5ad"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ae74e3b2ad977bc436febf0db6e897d6471348dd117f459cae39ce1a1c8547fc","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d44bbde6411314ed2adec5595a76c153f2d80d392c802dc9dcf74a1915a2cb22","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8518db6ad98adc482b153515c4b69b63d952ebc1da2a2ad4f4f7252836e69e45","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/30d5f09b447327a16787c2575b994fa0e62cbd0069c6485186dc973e29a2f853","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4ac1fe0c6714ad20127d4aa6a8846d5b5e19b3bfbac38bf077916e520e9f0e18","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/50a64678c6a836545cb70d6e08e3c01f91c81dc0c83f1e9fd166e93896c6d6e9","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b90d9437a1ddb26fa5e2785e593de4dd43274766ac6bd2cf0306c61c1f1b445f","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ba5b6782edf14dc73a189cf14e99c54c5df465aa3df374515906318a0362bc99"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324007S,\n author={Nahornick, Nora},\n title={Update on the energy sector and agriculture: federal revenue forgone from tax provisions},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324007S,\n author={Nahornick, Nora},\n title={Mise \\`{a} jour sur le secteur de l\u2019\\\u0027{e}nergie et l\u2019agriculture : les recettes f\\\u0027{e}d\\\u0027{e}rales auxquelles renonce le gouvernement f\\\u0027{e}d\\\u0027{e}ral au titre de certaines dispositions fiscales},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-008-S","is_published":"2023-06-14T12:27:03.000000Z","release_date":"2023-06-14T12:30:00.000000Z","title_en":"Fiscal Analysis of Canada\u2019s Support for Volkswagen\u2019s Electric Vehicle Battery Manufacturing Plant","title_fr":"Analyse financi\u00e8re du soutien du Canada \u00e0 la construction de l\u2019usine de fabrication de batteries pour v\u00e9hicules \u00e9lectriques de Volkswagen","internal_id":"RP-2324-008-S","metadata":{"abstract_en":"In response to interest from several Members of Parliament, this report provides a static cost estimate of the entirety of the Government of Canada\u2019s funding support for Volkswagen\u2019s electric vehicle battery manufacturing plant, as well as the economic and budgetary impacts of the plant\u2019s construction.","abstract_fr":"Afin de r\u00e9pondre \u00e0 l\u2019int\u00e9r\u00eat exprim\u00e9 par plusieurs d\u00e9put\u00e9s, le pr\u00e9sent rapport fournit une estimation statique des co\u00fbts de l\u2019ensemble du soutien financier apport\u00e9 par le gouvernement du Canada \u00e0 l\u2019usine de Volkswagen d\u00e9di\u00e9e \u00e0 la fabrication de batteries de v\u00e9hicules \u00e9lectriques, ainsi que des r\u00e9percussions \u00e9conomiques et budg\u00e9taires de cette construction.","highlights":[{"content":{"en":"The PBO estimates that the government will need to pay Volkswagen up to $16.3 billion over the period of the agreement.","fr":"Le DPB estime que le gouvernement devra verser \u00e0 Volkswagen jusqu\u0027\u00e0 16,3 milliards de dollars pendant la p\u00e9riode vis\u00e9e par l\u2019accord."}},{"content":{"en":"This report only examines the economic impact of the new facility\u2019s construction, which is marginal. We estimate that construction of the plant would increase real GDP by 0.01 per cent above its baseline projection by the end of 2027 and increase the level of employment by 1,400 jobs by that same time.","fr":"Le pr\u00e9sent rapport n\u2019examine que les retomb\u00e9es \u00e9conomiques de la construction de cette usine. Ces retomb\u00e9es sont marginales. Nous estimons que la construction de l\u2019usine augmenterait le PIB r\u00e9el de 0,01 % par rapport \u00e0 la projection de base d\u2019ici la fin de 2027 de m\u00eame que le niveau d\u2019emploi, avec 1 400 nouveaux postes d\u2019ici la m\u00eame \u00e9ch\u00e9ance."}},{"content":{"en":"The net budgetary impact of the plant\u2019s construction is expected to be approximately equal to the government\u2019s $0.7 billion contribution.","fr":"L\u2019incidence budg\u00e9taire nette de la construction de l\u2019usine devrait \u00eatre approximativement \u00e9gale \u00e0 la contribution du gouvernement (0,7 milliard de dollars)."}},{"content":{"en":"PBO continues to examine the government\u2019s support and will undertake an economic and fiscal analysis of the production support over the coming months.","fr":"Le DPB continue d\u2019examiner le soutien du gouvernement et entreprendra une analyse \u00e9conomique et financi\u00e8re du soutien \u00e0 la production au cours des prochains mois."}}]},"updated_at":"2023-06-14T12:27:03.000000Z","type":"RP","slug":"RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/a3c5d4d96c20f870bb387b5acc23cef9aaffa368c8a7f704d6aff1f7a81fced1"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/edf2a11c09fe6cf48871e0c3396e1e16b0d8e5bc0cf0b02a793a67f869e18aa4"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cf7a2a6ab7b7654f82939649c7947cb654cebc2fa2ac07eb683e50a814ef10e1","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3506cc4bfabeb05cef520a1426e14486c6706825cd73bbadc7c4fc602102ee71","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6ac12dd95d3a5811d4eee50eb19dc745050b7f15116b0cd68c595a5ea640d089","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/475548b5c45a574e2c86f7af9211562384d26b787d202572b0395ce4c6e4bd4c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/81721d6f5f470082b61e900fcc23cb9880c3adb743b5bbf3352a284adeee062a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/21af4280a5a9357addaa0c47da5fcafe3dffc68dc2f8fe33cc53d4c4a2a28dca","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c1fcf55f7b988f2a6a5025c0e02e2dfa7449ae48c6c402e18985df570252cdce","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d47cbd2b5fb693f3ee54cd30e2d09c41c878204687bc0c5b145ff3d77e2544ff"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4bf054e2367ba7376be9b80130b94096a4994d267e4abd1249e59ed65fd92bff","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f14488407d30a33eab6de2a3813e142bf47bcb35e87d1178a978ef4e443816e8","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fb90b472be5a233ddbcbd05f19955d29e0a694de5b678701b94875f0d69d0552","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f2b883881916e91962325d7986fed2a919b123c5564623598b46a41bc985f74c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/069d2cdab81f32d51dcf659b35ee3c19e21f836fa9e6d4e607a16b73a4867489","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/38fc1724c66539af02bc53e70ac35422fcc1a2586ea4ecb943cb5c66f2a61b96","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09e21417e79a7008c6c5039c0ccfe1ccb4390ecabf74d3672c9bb9ae4962c76d","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1a9a000087d517f09c75e87554212af83e2fa41128087dc2c9db6e8ee46d996e"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324008S,\n author={Giswold, Jill and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Fiscal Analysis of Canada\u2019s Support for Volkswagen\u2019s Electric Vehicle Battery Manufacturing Plant},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324008S,\n author={Giswold, Jill and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Analyse financi\\`{e}re du soutien du Canada \\`{a} la construction de l\u2019usine de fabrication de batteries pour v\\\u0027{e}hicules \\\u0027{e}lectriques de Volkswagen},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2324-003-S","is_published":"2023-04-13T12:57:12.000000Z","release_date":"2023-04-13T13:00:00.000000Z","title_en":"Budget 2023: Issues for Parliamentarians","title_fr":"Budget de 2023 : enjeux pour les parlementaires","internal_id":"RP-2324-003-S","metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2023.","abstract_fr":"Le pr\u00e9sent rapport fait ressortir les faits saillants du budget de 2023 pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Revisions to the private sector economic outlook and fiscal developments in Budget 2023 lower the outlook for the budgetary balance by $26.1 billion (or $4.4 billion per year, on average) over 2022-23 to 2027-28 relative to the 2022 Fall Economic Statement.","fr":"Les r\u00e9visions apport\u00e9es aux perspectives \u00e9conomiques du secteur priv\u00e9 et l\u2019\u00e9volution de la situation financi\u00e8re dans le budget de 2023 donnent lieu \u00e0 des perspectives inf\u00e9rieures pour le solde budg\u00e9taire de 26,1 milliards de dollars (ou 4,4 milliards de dollars par ann\u00e9e, en moyenne) de 2022-2023 \u00e0 2027-2028 par rapport \u00e0 l\u2019EEA de 2022."}},{"content":{"en":"The Government announced $69.7 billion in new spending (measured on a gross basis) that was partially offset by $14.0 billion in revenue-raising measures and by $12.8 billion in spending restraint measures. On a net basis, new measures further reduce the budgetary balance by $42.9 billion (or $7.2 billion per year, on average) over 2022-23 to 2027-28.","fr":"Le gouvernement a annonc\u00e9 de nouvelles d\u00e9penses de l\u2019ordre de 69,7 milliards de dollars (mesur\u00e9es sur une base brute), qui sont en partie contrebalanc\u00e9es par des mesures d\u2019augmentation des recettes de 14,0 milliards de dollars et des mesures de r\u00e9duction des d\u00e9penses de 12,8 milliards de dollars. Sur une base nette, les nouvelles mesures r\u00e9duisent le solde budg\u00e9taire de 42,9 milliards de dollars (ou 7,2 milliards de dollars par ann\u00e9e en moyenne) de 2022-2023 \u00e0 2027-2028."}},{"content":{"en":"Budget 2023 does not provide an assessment of program effectiveness that the Government launched in Budget 2022 under Stream 1 of its comprehensive Strategic Policy Review.","fr":"Le budget de 2023 ne pr\u00e9sente aucune \u00e9valuation de l\u2019efficacit\u00e9 des programmes que le gouvernement a lanc\u00e9e dans le budget de 2022 dans le cadre du volet 1 de son examen exhaustif des politiques strat\u00e9giques."}},{"content":{"en":"Aside from proposing to reduce spending on consulting, other professional services and travel, Budget 2023 does not identify opportunities to save and reallocate resources \u201cto adapt government programs and operations to a new post-pandemic reality\u201d under Stream 2 of the comprehensive Strategic Policy Review launched in Budget 2022.","fr":"Outre le fait de proposer de r\u00e9duire les d\u00e9penses en services de consultation, en services professionnels et en d\u00e9placements, le budget de 2023 ne d\u00e9termine pas de possibilit\u00e9 d\u2019\u00e9conomiser et de r\u00e9affecter les ressources \u00ab de fa\u00e7on \u00e0 adapter les activit\u00e9s et les programmes gouvernementaux \u00e0 la nouvelle r\u00e9alit\u00e9 post-pand\u00e9mique \u00bb sous le volet 2 de l\u2019examen exhaustif des politiques strat\u00e9giques lanc\u00e9 dans le budget de 2022."}},{"content":{"en":"In Budget 2023, the Government identified $798 million\u2014on a net basis\u2014in new \u201cnon-announced\u201d measures over 2022-23 to 2027-28. In absolute terms, this represents over $12 billion in either revenue or spending decisions for which there are no specific details.","fr":"Dans le budget de 2023, le gouvernement a cern\u00e9 de nouvelles mesures \u00ab non annonc\u00e9es \u00bb de 798 millions de dollars, sur une base nette, de 2022-2023 \u00e0 2027-2028. En valeur absolue, il s\u2019agit de d\u00e9cisions relatives aux recettes ou aux d\u00e9penses de plus de 12 milliards de dollars sur lesquelles aucun d\u00e9tail pr\u00e9cis n\u2019est donn\u00e9."}}]},"updated_at":"2023-04-13T12:57:12.000000Z","type":"RP","slug":"RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-003-S--budget-2023-issues-parliamentarians--budget-2023-enjeux-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4a78f72c6cb9609c09e7b63219b02678e2beff8fa41e193d6a192ddaa072f4f2"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/18ae116bb654488ee1f5e4d9c25872795b773e4014cd5c5ab8513f3414933977"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/af7fea5b2b9f241d661fef64f7d242112e146fd9d5a44319ad1fb69779255cea","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0897c69ecd814ad62eb6f018936dd71f8b442d7d83147a07acf0f10f3037203a","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c652c54eda42d73ce47934e6caaa0538c9fde0d96f824b216e58e750c7e9d703","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b78468895e494911f718d02420a28d5246be02e2dc49500185bf18fd251957d3","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/01de21880abf7f5ae63f6be5fe20b7d43de3edb419af5c309e7c2803e849df8f","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3c42907f5b66bd793bf1228dfa81cb25208745711eb1811c66839052c235e06c","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4f42d4c00e5ad0cfddf2e2140f084f0afe5479ea22062ba6ef559b8a4ea35982","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a60d6dd5fda15b990bf8a3308fbbf2fa6df3ebbe4c42eac384fc897b8cb090e0"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/331517ab0fcbd157a6b02c74a7efd2b7229ae5c481838dbe37bbc2ae0f7aef24","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2733e2182615205c9af7542aae904a32a089fabc964a6e3da59f5a29d8884885","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bf3f2d0edf015570ad144354ddfdf3a15ccb64de6b08620299216a4aeb673816","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/aa0414186e1c0e440ce1cd8970ec3e5502ecd9c459e941160b6b40cfcebc2c92","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5e25050a8725f2b8fbd2f965135f531137bebe046c7242cbe4a1dc150f6fb4f","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6c062f13711e71b296ead08e6de0262db99a9e1f74835cba95a6ec37ca5f9323","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/822fb649ea93ec6cc2a655d91cdae5c3360d9b14ee0fa051c850ab8c51233744","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ea9a3b2c04a09d747ae71cea5a2e04a5047301168fac470a541701936f660d84"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2324003S,\n author={Behrend, Robert and Giswold, Jill and Nahornick, Nora and Nicol, Caroline and Vanderwees, Kaitlyn},\n title={Budget 2023: Issues for Parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324003S,\n author={Behrend, Robert and Giswold, Jill and Nahornick, Nora and Nicol, Caroline and Vanderwees, Kaitlyn},\n title={Budget de 2023 : enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-025-S","is_published":"2023-03-02T13:57:04.000000Z","release_date":"2023-03-02T14:00:00.000000Z","title_en":"Economic and Fiscal Outlook \u2014 March 2023","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2014 Mars 2023","internal_id":"RP-2223-025-S","metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport pr\u00e9sente une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"Following a stronger-than-expected performance in the second half of 2022, PBO projects the Canadian economy to stagnate through 2023. As the tightening of monetary policy takes hold, we expect a further decline in residential investment and weakness in consumer spending in the first half of this year.","fr":"Apr\u00e8s que l\u2019\u00e9conomie canadienne ait affich\u00e9 une performance plus \u00e9lev\u00e9e que pr\u00e9vu lors du deuxi\u00e8me semestre de 2022, le directeur parlementaire du budget (DPB) s\u2019attend \u00e0 ce qu\u2019elle stagne jusqu\u2019en 2023. \u00c0 mesure que le resserrement de la politique mon\u00e9taire se concr\u00e9tise, nous pr\u00e9voyons de nouvelle baisse de l\u2019investissement r\u00e9sidentiel et une faiblesse des d\u00e9penses de consommation au cours de la premi\u00e8re moiti\u00e9 de l\u2019ann\u00e9e."}},{"content":{"en":"PBO expects the Bank of Canada to maintain its \u201cpause\u201d, holding the policy interest rate at 4.5 per cent, through December of this year. With CPI inflation solidly on track to return to its 2 per cent target, we then expect the Bank to start lowering its policy rate in January 2024, returning the rate to its estimated neutral level of 2.5 per cent in December 2024.","fr":"Le DPB s\u2019attend \u00e0 ce que la Banque du Canada observe sa \u00ab\u2009pause\u2009\u00bb, en maintenant le taux directeur \u00e0 4,5 % jusqu\u2019\u00e0 la fin du mois de d\u00e9cembre de cette ann\u00e9e. Puisque l\u2019inflation de l\u2019indice des prix \u00e0 la consommation (IPC) est en voie de revenir \u00e0 sa cible de 2 %, nous pr\u00e9voyons que la Banque commencera \u00e0 r\u00e9duire son taux directeur en janvier 2024, puis le ram\u00e8nera \u00e0 son niveau neutre estim\u00e9 de 2,5 % en d\u00e9cembre 2024."}},{"content":{"en":"For the current fiscal year, 2022-23, PBO projects the budgetary deficit to be $36.5 billion (1.3 per cent of GDP) under status quo policy. Assuming no new measures and existing temporary measures sunset as scheduled, the deficit is projected to increase to $43.1 billion (1.5 per cent of GDP) in 2023-24 before resuming its downward trajectory, falling to $8.7 billion (0.3 per cent of GDP) in 2027-28.","fr":"Pour l\u2019exercice en cours de 2022-2023, le DPB pr\u00e9voit un d\u00e9ficit budg\u00e9taire de 36,5 milliards de dollars (1,3 % du PIB) selon une politique de statu quo. En supposant qu\u2019il n\u2019y ait pas de nouvelles mesures et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le d\u00e9ficit devrait augmenter \u00e0 43,1 milliards de dollars (1,5 % du PIB) en 2023-2024 avant de reprendre sa trajectoire descendante, chutant \u00e0 8,7 milliards de dollars (0,3 % du PIB) en 2027-2028."}},{"content":{"en":"Under status quo policy, PBO projects the federal debt-to-GDP ratio to decline to 41.8 per cent in 2022-23 and then to temporarily rise to 42.2 per cent in 2023-24. Assuming no new measures and existing temporary measures sunset as scheduled, the federal debt ratio is projected to fall to 38.1 per cent in 2027-28 but remain above its pre-pandemic level of 31.2 per cent of GDP in 2019-20.","fr":"Selon une politique de statu quo, le DPB pr\u00e9voit que le ratio de la dette f\u00e9d\u00e9rale au PIB diminuera \u00e0 41,8 % en 2022-2023, puis qu\u2019il remontera temporairement \u00e0 42,2 % en 2023-2024. En supposant qu\u2019aucune nouvelle mesure ne soit prise et que les mesures temporaires existantes prennent fin comme pr\u00e9vu, le ratio de la dette f\u00e9d\u00e9rale devrait diminuer \u00e0 38,1 % en 2027-2028. Cependant, il devrait rester sup\u00e9rieur \u00e0 son niveau pr\u00e9-pand\u00e9mique, qui \u00e9tait de 31,2 % du PIB en 2019-2020."}},{"content":{"en":"PBO projects the debt service ratio (that is, public debt charges relative to tax revenues) under status quo policy will peak at 11.5 per cent in 2023-24 and then decline gradually to 10.3 per cent in 2027-28\u2014two percentage points above its pre-pandemic low of 8.3 per cent in 2018 19.","fr":"Le DPB projette que le ratio du service de la dette (c\u2019est-\u00e0-dire les charges de la dette publique par rapport aux recettes fiscales) culminera \u00e0 11,5 % en 2023-2024 selon une politique de statu quo. Ensuite, il diminuera progressivement pour s\u2019\u00e9tablir \u00e0 10,3 % en 2027-2028, soit deux points de pourcentage de plus que le niveau le plus bas enregistr\u00e9 avant la pand\u00e9mie, \u00e0 savoir 8,3 % en 2018 2019."}}]},"updated_at":"2023-03-02T13:57:04.000000Z","type":"RP","slug":"RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-025-S--economic-fiscal-outlook-march-2023--perspectives-economiques-financieres-mars-2023"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/b91ed5d0fe5c8c8cbd7f4267be3aea5259b91fe8f6f48431bc565b2e280771cf"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/d712dda84b04c6449721fb3f4cb6b75abbbeee3d478b3ec9a3da6d1493a2ea40"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/89a6bae7810083bf1412af79096a587a43828ccda79d196c5b1861ca8327a1f7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8bfd3dfc68c618671e3d50e1a9643091de164fa07d75e7053045f36dba5c1d07","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a2ea4aa1f1288a4ae5b1e4eb87efdb2a2580ecfdded631eeee1029810e0b55e5","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f0dfa56cfbb35df9706fae0f992ff8bbf4db9c896b118cb7ac8bd58e46b8d911","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e952dbe60316dd3f1dba81e0bcf583f50e55cd2d03c9e23bf1a35e8961c29297","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fa1727a263a3f7cf130e37ae86303c6c1b6d64517ce4c686dbff9c225c81226b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4c747d4fc97d53b61e8645d4548e58344c96b177ca4e8296e8e41c27923470dd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d7f5034323f7d43dfc6612441f1f47d065ef6d4cc474ee6852470619163b6444"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/06b0bd214b776391e2f7933ab4ea62150223671502b22216b4ffeed322039308","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ae2d39c7bd531e0cd1cb56f77b68b0b71f4b40e2bac8da0c38c70a4421db3525","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e4c9739dc952f334f1ea353fc6909ee91550e415b0cb8352180bb75715cc19e2","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/47e2c3a6b39e5a38ff80ff5f9cd929bce1d2815d5c281c57c6b07afb1e025d96","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09b9a1feb4ff88bc26fa95ed07dcf1a37a0d2f1454fe55b6710e81d7702e16b4","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/877b35d507633ecc898443bb72f9df983cb9e02fde7faa20088a56f7c98b61a8","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e0573bfbb576baa6bf96d81618ddee7aa4be2b68cff4b65b7b1ce2900a0bbf88","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/80485e6ad949ae3a7ceaef99875bb88d9746759e6ed5680e2b50d37e1e090068"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223025S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook \\textemdash March 2023},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223025S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Dong, Matt and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res \\textemdash Mars 2023},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2223-019-S","is_published":"2022-12-01T13:57:08.000000Z","release_date":"2022-12-01T14:00:00.000000Z","title_en":"Deduction of Travel Expenses for Tradespersons","title_fr":"D\u00e9duction des frais de d\u00e9placement pour les gens de m\u00e9tier","internal_id":"LEG-2223-019-S","metadata":{"abstract_en":"Bill C-241, an Act to amend the Income Tax Act (deduction of travel expenses for tradespersons), proposed an amendment to provide tax recognition for travel and temporary relocation expenses to eligible tradespersons and apprentices. Under this amendment, the distance between the job site and the person\u2019s ordinary place of residence is as least 120km rather than the 150km in the existing deduction. Additionally, the amendment does not have a limit on the amount of eligible travel and temporary relocation expenses that can be claimed. This measure will apply to the 2022 tax year and any subsequent taxation years and this report considers the incremental cost associated with the proposed measure when compared with the existing measure.","abstract_fr":"Le projet de loi C-241, Loi modifiant la Loi de l\u2019imp\u00f4t sur le revenu (d\u00e9duction des frais de d\u00e9placement pour les gens de m\u00e9tier), propose une reconnaissance fiscale des frais de d\u00e9placement et de r\u00e9installation temporaire engag\u00e9s par les gens de m\u00e9tier et les apprentis admissibles. Selon la modification propos\u00e9e, la distance entre le chantier et le lieu de r\u00e9sidence habituelle doit \u00eatre d\u2019au moins 120 km, alors qu\u2019elle est de 150 km selon la d\u00e9duction actuelle. De plus, la modification ne pr\u00e9voit aucune limite au montant des frais de d\u00e9placement et de r\u00e9installation temporaire pouvant \u00eatre d\u00e9clar\u00e9s. Cette mesure s\u2019appliquerait \u00e0 l\u2019ann\u00e9e d\u2019imposition 2022 et aux ann\u00e9es subs\u00e9quentes. Le pr\u00e9sent rapport d\u00e9crit le co\u00fbt suppl\u00e9mentaire que la mesure propos\u00e9e entra\u00eenerait par comparaison \u00e0 la d\u00e9duction actuelle.","highlights":[]},"updated_at":"2023-02-07T19:08:22.000000Z","type":"LEG","slug":"LEG-2223-019-S--deduction-travel-expenses-tradespersons--deduction-frais-deplacement-gens-metier","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-019-S--deduction-travel-expenses-tradespersons--deduction-frais-deplacement-gens-metier","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-019-S--deduction-travel-expenses-tradespersons--deduction-frais-deplacement-gens-metier"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-019-S--deduction-travel-expenses-tradespersons--deduction-frais-deplacement-gens-metier","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-019-S--deduction-travel-expenses-tradespersons--deduction-frais-deplacement-gens-metier"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/c1c5dde9034df9eb0585d4b9adf845b0fef26f5966ad9dc5880222a9f50a51ca"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/8e9cd0fbe44dddcd1c6bb24cb5e9a657a9ec6d4aab4de8c9c50e07c5f7f3d06b"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/87effca6a20bc91276ce4f8964cf8693ae63f257631ebbf4b4b4f5d8f22b8508","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/443c6d3b63466918a132929e665bf56b7ded299502472ad3b161dd7e546a5145","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d75b94d6e6e69d17cb63ef86f993160e11f9fecefb68f5d28fb972981b97240d","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9bf782fba5bd915d23afda086d0edd0d34739bc9f532c58cf2a8f5a7782dccd4","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0d104da3ae3291670292c74401633bc924a7acdaffbdb24d230d3ba3f9844c6a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/27cd278c0254df396a6fb375ab832e3cfbdef0d80038f99f3455afc328fc26ce","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0cfc71d6fb1142b673a9274210e02fc6057814383987064960fd54679441aba6","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/190887f087f5ea375e287e3385ba3b6af29c56771702369206e1274dc7a53be9"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d9cd07f9120b3efbd5838d8fe05a231a6e9fc696d8896b388bdf202918c95bb0","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0c6075a842191edf476510f566491179a891b57c4488fc7e28272f1b4527c031","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d0b1eacc4c1d355476600d3c84c908b55efc25861e54f81907fdb690a2125c93","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/588d35280015dae395417e0cc5723911cd3da1aece1dcec2814c43d7b9cc7c41","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8e81d625e7018f0890fca17140ae10d41c9f98f59d6fbdc17304f8164ea18d51","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f716cf03c02613230dacba5a51127b98f58a27b8e88e709c6010861b6a9eba16","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a4095545ecc7f8f81982f93e0c7c17479abd736e23f0332bfc5be7ad4d31132f","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/46fbd2ecddcdd5e86e656f09a448d7bc7e031a51d36a5b95e69a7280dbc5c81b"}}},"bills":[{"id":291,"created_at":"2022-02-08T14:00:08-05:00","updated_at":"2023-02-07T14:08:29-05:00","legisid":"44_1_C-241","parliament":44,"session":1,"prefix":"C","number":241,"title_en":"An Act to amend the Income Tax Act (deduction of travel expenses for tradespersons)","title_fr":"Loi modifiant la Loi de l\u2019imp\u00f4t sur le revenu (d\u00e9duction des frais de d\u00e9placement pour les gens de m\u00e9tier)","bill_num":"C-241","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/bills--projets-de-loi\/44-1\/C-241","legisinfo":"https:\/\/www.parl.ca\/legisinfo\/en\/bill\/44-1\/c-241"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/bills--projets-de-loi\/44-1\/C-241","legisinfo":"https:\/\/www.parl.ca\/LegisInfo\/fr\/projet-de-loi\/44-1\/c-241"}},"pivot":{"publication_id":723,"bill_id":291}}],"bibtex":{"en":"@techreport{PBO-LEG2223019S,\n author={Nahornick, Nora},\n title={Deduction of Travel Expenses for Tradespersons},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2223019S,\n author={Nahornick, Nora},\n title={D\\\u0027{e}duction des frais de d\\\u0027{e}placement pour les gens de m\\\u0027{e}tier},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-021-S","is_published":"2022-11-15T13:57:08.000000Z","release_date":"2022-11-15T14:00:00.000000Z","title_en":"Fall Economic Statement 2022 \u2014 Issues for Parliamentarians","title_fr":"\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne 2022 \u2014 Enjeux pour les parlementaires","internal_id":"RP-2223-021-S","metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from the 2022 Fall Economic Statement.","abstract_fr":"Ce rapport fait ressortir les faits saillants de l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne de 2022* pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Revisions to the private sector economic outlook and fiscal developments in the Fall Economic Statement provide a total of $81.2 billion in new \u201cfiscal room\u201d, which finances $52.2 billion in (net) new measures over 2022-23 to 2027-28.","fr":"Les r\u00e9visions apport\u00e9es aux perspectives \u00e9conomiques du secteur priv\u00e9 et \u00e0 l\u2019\u00e9volution budg\u00e9taire dans l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne* procurent une nouvelle \u00ab marge de man\u0153uvre financi\u00e8re \u00bb de 81,2 milliards de dollars, ce qui permet de financer 52,2 milliards de dollars en nouvelles mesures (nettes) de 2022-2023 \u00e0 2027-2028."}},{"content":{"en":"Over 40 per cent ($21.6 billion) of new measures are \u201coff-cycle\u201d in nature, that is, they preceded the $30.6 billion in new spending identified as Fall Economic Statement measures.","fr":"Plus de 40 % (21,6 milliards de dollars) des nouvelles mesures sont de nature \u00ab hors cycle \u00bb, c\u2019est-\u00e0-dire qu\u2019elles ont pr\u00e9c\u00e9d\u00e9 les 30,6 milliards de dollars de nouvelles d\u00e9penses d\u00e9sign\u00e9es comme \u00e9tant des mesures de l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne*."}},{"content":{"en":"The Government highlighted that it exceeded its first spending review target of $3.0 billion by achieving savings of $3.8 billion from lower-than-anticipated spending on certain COVID 19 support measures in the previous fiscal year, 2021-22. However, the source of this savings is inconsistent with the intention and timing that was announced in Budget 2022.","fr":"Le gouvernement a soulign\u00e9 qu\u2019il avait d\u00e9pass\u00e9 sa premi\u00e8re cible d\u2019examen des d\u00e9penses de 3,0 milliards de dollars en r\u00e9alisant des \u00e9conomies de 3,8 milliards de dollars gr\u00e2ce \u00e0 des d\u00e9penses moins \u00e9lev\u00e9es que pr\u00e9vu pour certaines mesures de soutien li\u00e9es \u00e0 la COVID-19 au cours de l\u2019exercice pr\u00e9c\u00e9dent, soit 2021-2022. Toutefois, la source de ces \u00e9conomies n\u2019est pas conforme \u00e0 l\u2019intention et au calendrier annonc\u00e9s dans le budget de 2022."}},{"content":{"en":"The Government identified $14.2 billion in new measures without providing specific details on this spending. This spending represents 27 per cent of all new measures ($52.2 billion) in the Fall Economic Statement. This lack of transparency presents challenges for parliamentarians and the public in scrutinizing the Government\u2019s spending plans.","fr":"Le gouvernement a annonc\u00e9 14,2 milliards de dollars en nouvelles mesures sans fournir de d\u00e9tails sur ces d\u00e9penses. Ces d\u00e9penses repr\u00e9sentent 27 % de toutes les nouvelles mesures (52,2 milliards de dollars) de l\u2019*\u00c9nonc\u00e9 \u00e9conomique de l\u2019automne*. Ce manque de transparence pr\u00e9sente des d\u00e9fis pour les parlementaires et les membres du public au cours de l\u2019examen des plans de d\u00e9penses du gouvernement."}},{"content":{"en":"This year the Public Accounts were tabled on October 27\u2014seven months after the close of the fiscal year. Canada continues to fall short of the standard for advanced practice in the International Monetary Fund\u2019s financial reporting guidelines, which recommends that governments publish their annual financial statements within six months.","fr":"Cette ann\u00e9e, les Comptes publics ont \u00e9t\u00e9 d\u00e9pos\u00e9s le 27 octobre \u2014 sept mois apr\u00e8s la cl\u00f4ture de l\u2019exercice. Le Canada ne respecte toujours pas la norme de pratique avanc\u00e9e des lignes directrices du Fonds mon\u00e9taire international en mati\u00e8re de rapports financiers, o\u00f9 il est recommand\u00e9 aux gouvernements de publier leurs \u00e9tats financiers annuels dans un d\u00e9lai de six mois."}}]},"updated_at":"2022-11-15T17:28:25.000000Z","type":"RP","slug":"RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-021-S--fall-economic-statement-2022-issues-parliamentarians--enonce-economique-automne-2022-enjeux-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4d3511f67746dce4f575f967ee8300b2d9cd5334ae13ed55e4eec7009a409a66"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/18fee0a19a3363e2df4f588d58c5800d850ea2b5ff6a13341ea952bcb356c0a6"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2ef05a2feca09a7d439acf30f5d960ab3f667686bd999604f4ead34858a15e1e","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/52ac960b005b2dca366eefa3da5717ea0735d3d8281765b6c436841db35cd95b","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/83f40ec12cda12d943c8fcf2bbbf9057b87e955eb65d7d180ed66e997128f672","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/54763575707b0ab63a3523ad7c4bc2c2d964714b8d6d44b718627e936933765c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6a9aa78ef6b5c383e1ba589531ffd5d134892bb26b8b7dfdda13f860ca5371dc","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4c5cb4d4f38eab62f1ef4eb4006843f0063dc0d42c0f1fa1d08415329e5dd72b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f4d4f67f9d9e912e802043a8d237f32e0f5f897a4a5568b6963398a3ca49eb60","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6070a7f54a4bd53c1e4686cb24c6d36401bceaa7fe26dbe711a2444caebe51a6"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a71b7ecc8c0ad9d09fa3bbdab8f3db2795c35b17b519fa72ec95c766819e096c","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/574170f474850b71fec0bbe8c12810f6bad6c2f32822d87068616664cd21d35f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/15776af5d18c4a584eb2f78773b39f888ef73051601ddb39b4c1694ff0c45b11","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9e7f044d5da24b4eb02a54ea9a0635901ecbac64d3605fb6123a7648a3e96a0d","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3513a66f9fd1075187415f3ffb855ad251d31149740e833f00eb3741a5260cb9","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9a1d3fe894596f0c05961899b5f0275d0087e91d1ededaf0eb0a9c374e6cd7b6","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4170ef8df446310c20be3c30272b2d7b438d431d2c43fee8e0fa84fa15914206","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/42fa837fa136b4b069aacf50798eb32206a9c2a6ec435e4610df2dd94b7a0ad1"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223021S,\n author={Jacques, Jason and Laurin, Marianne and Nahornick, Nora and Nicol, Caroline and Sourang, Diarra and Stanton, Jason and Vanderwees, Kaitlyn},\n title={Fall Economic Statement 2022 \\textemdash Issues for Parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223021S,\n author={Jacques, Jason and Laurin, Marianne and Nahornick, Nora and Nicol, Caroline and Sourang, Diarra and Stanton, Jason and Vanderwees, Kaitlyn},\n title={\\\u0027{E}nonc\\\u0027{e} \\\u0027{e}conomique de l\u2019automne 2022 \\textemdash Enjeux pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-020-S","is_published":"2022-11-10T13:57:05.000000Z","release_date":"2022-11-10T14:00:00.000000Z","title_en":"Risk Scenario Analysis \u2014 November 2022","title_fr":"Analyse de sc\u00e9nario de risque \u2014 Novembre 2022","internal_id":"RP-2223-020-S","metadata":{"abstract_en":"This report provides a risk scenario analysis to help parliamentarians gauge potential economic and fiscal implications of central banks over-tightening monetary policy. **The scenario is not a most-likely forecast. It is an illustrative scenario of one possible outcome.**","abstract_fr":"Ce rapport propose une analyse de sc\u00e9nario de risque pour aider les parlementaires \u00e0 \u00e9valuer les possibles r\u00e9percussions \u00e9conomiques et financi\u00e8res d\u2019un resserrement excessif de la politique mon\u00e9taire par les banques centrales. **Le sc\u00e9nario ne constitue pas une pr\u00e9vision. Il ne montre qu\u2019une des issues possibles \u00e0 la situation.**","highlights":[{"content":{"en":"Our risk scenario assumes that the U.S. Federal Reserve and the Bank of Canada will continue to rapidly raise their policy interest rates to 5.25 per cent and 5.0 per cent, respectively, in early 2023 (100 basis points above our October outlook). We assume that the Federal Reserve and Bank of Canada will begin to lower their policy rates in early 2024.","fr":"Dans notre sc\u00e9nario de risque, nous supposons que la R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine et la Banque du Canada continueront d\u2019augmenter rapidement leur taux directeur, de sorte qu\u2019il atteigne 5,25 % et 5,0 % respectivement au d\u00e9but de 2023 (100 points de base de plus que dans nos perspectives d\u2019octobre). Nous supposons qu\u2019elles commenceront \u00e0 abaisser leur taux au d\u00e9but de 2024."}},{"content":{"en":"With the over-tightening of monetary policy, real GDP in Canada begins to contract in the fourth quarter of 2022 and declines further over the course of 2023 in our risk scenario. Annual real GDP growth in 2023 and 2024 is -0.3 per cent and 1.3 per cent, respectively, which is 1.5 and 1.0 percentage points lower compared to our October outlook.","fr":"Compte tenu du resserrement excessif de la politique mon\u00e9taire pr\u00e9vu dans notre sc\u00e9nario de risque, le PIB r\u00e9el du Canada commence \u00e0 se contracter au quatri\u00e8me trimestre de 2022 et continue de diminuer en 2023. La croissance annuelle du PIB r\u00e9el en 2023 et en 2024 est de 0,3 % et 1,3 % respectivement, ce qui repr\u00e9sente une baisse de 1,5 et 1,0 point de pourcentage par rapport \u00e0 nos perspectives d\u2019octobre."}},{"content":{"en":"Under our risk scenario, employment growth essentially stalls in late 2022 and over the course of 2023. Employment falls below levels projected in our October outlook, resulting in a loss of 177,000 (net) jobs by the end of 2024. The unemployment rate rises to 6.2 per cent in early 2024 in our risk scenario, which is 0.5 percentage points above our October outlook.","fr":"Dans notre sc\u00e9nario de risque, la croissance de l\u2019emploi stagne essentiellement \u00e0 la fin de 2022 et en 2023. L\u2019emploi tombe sous les niveaux pr\u00e9vus dans nos perspectives d\u2019octobre, ce qui se traduit par une perte de 177 000 emplois (nets) d\u2019ici la fin de 2024. Le taux de ch\u00f4mage passe \u00e0 6,2 % au d\u00e9but de 2024 dans notre sc\u00e9nario de risque, soit 0,5 point de pourcentage de plus que ce que nous pr\u00e9voyions dans nos perspectives d\u2019octobre."}},{"content":{"en":"Due to weaker economic activity and higher interest rates in 2023 and 2024 under our risk scenario, the budgetary deficit reaches $42.9 billion in 2023-24 (1.5 per cent of GDP) and $36.5 billion in 2024-25 (1.3 per cent of GDP). Compared to our October outlook, the budgetary deficit is $15.6 billion higher per year, on average, over 2023-24 to 2027-28.","fr":"En raison du ralentissement de l\u2019activit\u00e9 \u00e9conomique et de la hausse des taux d\u2019int\u00e9r\u00eat, en 2023 et 2024 pr\u00e9vus dans notre sc\u00e9nario de risque, le d\u00e9ficit budg\u00e9taire s\u2019\u00e9l\u00e8ve \u00e0 42,9 milliards de dollars en 2023-2024 (1,5 % du PIB) et \u00e0 36,5 milliards en 2024-2025 (1,3 % du PIB). Par rapport \u00e0 nos perspectives d\u2019octobre, il est plus \u00e9lev\u00e9 de 15,6 milliards de dollars par ann\u00e9e, en moyenne, de 2023-2024 \u00e0 2027-2028."}},{"content":{"en":"Under our risk scenario, the federal debt-to-GDP ratio increases to 43.2 per cent of GDP in 2023-24 and remains elevated before gradually falling to 39.2 per cent in 2027-28. The debt service ratio (that is public debt charges relative to tax revenues) reaches 14.3 per cent in 2024-25 and then declines to 12.0 per cent in 2027-28.","fr":"Dans notre sc\u00e9nario de risque, le ratio de la dette f\u00e9d\u00e9rale au PIB augmente pour passer \u00e0 43,2 % du PIB en 2023-2024 et reste \u00e9lev\u00e9 avant de revenir graduellement \u00e0 39,2 % en 2027-2028. Le ratio du service de la dette (soit le rapport entre les frais de la dette publique et les recettes fiscales) atteint 14,3 % en 2024-2025 avant de retomber \u00e0 12,0 % en 2027-2028."}}]},"updated_at":"2022-11-10T13:57:05.000000Z","type":"RP","slug":"RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-020-S--risk-scenario-analysis-november-2022--analyse-scenario-risque-novembre-2022"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/1784db049839a6abc9fce1862c044808c8f5395a2e6cd4ff6bc72ed642de352b"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/4add25f0f3fe0524f9c433ba45ef4924dabde62e3e5d5e7f973ae656a4d43a70"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9ba2db66a0231ab8aa5b2c0099153c6042de983e216631333fdbd030fee443a4","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3caca905b6e0bb2962ed687fe19c6cc86a1090a6d695b4da233285a878bb7919","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3f6fa1760a0bae5d2a6d3edcab270fa53a490feb8e2d12f1de11d6ebfe3f3a7e","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/24b7f01db1ed2e1c05e4a4bf3855260440c9a2f9b0bc21dbe5d1295689d019c3","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b386a4acb137ce93d95c5a358bb89f1aa3ec86457664e9b9549510e0825ba487","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3cebe4cb090ff42b371b22f59326e72a57591b65f30ec28d03598f32480052d2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/06c5f829ec5b71c436108ae2031e4d47400ddf6a28bfac56fe983426945cf640","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/19244a50c1cc10599289bd9f560870402a1ff345f376c67c23c2ee3b62fa45b3"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/864e05e30bbd443b983df6ce74adab5067394fe483ea07485cd980baa419e8ad","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fb87d4f0ee7ef2867e8305574cac5ecfef7af2015a1ba90ceae30a5f78413daa","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0203f253d0c718aa7dd4f59961cce2266f702b91a880a4a1ef5ad47609d59bb7","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/df6b5342fbd6e3c834bdcede16ffd86a9f015d4425335d87cb995278bc326167","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1bb0219a6f866dec9f554e01e6d484ecd1c3718e2dfbc4ffae181a3e82571e1c","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/39d9221f1edfd01bd00c9fe70a99a207e66eeac8e5eab755c9c37b31cff16ce3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2cf79e87b40ad197102eaeafb72b079efa16750e211bd59913dca52069867edb","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2c5bb7701b5ea810495b8bef191eeacf5d1cb8b27de3e88fbe7da744d15081ab"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223020S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Behrend, Robert and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Risk Scenario Analysis \\textemdash November 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223020S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Behrend, Robert and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Analyse de sc\\\u0027{e}nario de risque \\textemdash Novembre 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-018-S","is_published":"2022-10-13T12:57:05.000000Z","release_date":"2022-10-13T13:00:00.000000Z","title_en":"Economic and Fiscal Outlook \u2013 October 2022","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2013 Octobre 2022","internal_id":"RP-2223-018-S","metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport pr\u00e9sente une projection de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et financiers possibles dans le cadre des politiques actuelles.","highlights":[{"content":{"en":"Since the beginning of March, the Bank of Canada has increased its policy rate by a total of 300 basis points. We expect the Bank to increase its policy rate further, reaching 4 per cent by the end of this year. With the tightening of monetary policy, PBO projects real GDP growth in Canada to slow considerably in the second half of 2022 and remain weak through 2023.","fr":"Depuis le d\u00e9but du mois de mars, la Banque du Canada a relev\u00e9 son taux directeur de 300 points de base au total et on peut s\u2019attendre \u00e0 ce qu\u2019elle le rel\u00e8ve encore pour qu\u2019il atteigne 4 % d\u2019ici la fin de l\u2019ann\u00e9e. Avec le resserrement de la politique mon\u00e9taire, le DPB pr\u00e9voit un net ralentissement de la croissance du PIB r\u00e9el du Canada pendant la seconde moiti\u00e9 de 2022 et une faible croissance tout au long de 2023."}},{"content":{"en":"As supply constraints ease and commodity prices recede from elevated levels in the first half of 2022, softer demand in 2023 is expected to contribute to sustained reductions in CPI inflation. With CPI inflation solidly on track to return to its 2 per cent target, we expect the Bank of Canada to start lowering its policy interest rate in late 2023.","fr":"Les difficult\u00e9s d\u2019approvisionnement s\u2019estompant et le cours des produits de base baissant par rapport aux niveaux \u00e9lev\u00e9s dans la premi\u00e8re moiti\u00e9 de 2022, le fl\u00e9chissement de la demande en 2023 devrait contribuer \u00e0 la baisse continue de l\u2019inflation des prix \u00e0 la consommation (IPC). Celle-ci \u00e9tant alors en tr\u00e8s bonne voie pour revenir \u00e0 la cible de 2 %, nous nous attendons \u00e0 ce que la Banque du Canada commence \u00e0 baisser son taux directeur \u00e0 la fin de 2023."}},{"content":{"en":"In the absence of final financial results for the past fiscal year, PBO estimates that there was a budgetary deficit of $97.0 billion (3.9 per cent of GDP) in 2021-22. For the current fiscal year 2022-23, PBO projects the deficit to decline to $25.8 billion (0.9 per cent of GDP) under status quo policy.","fr":"En l\u2019absence de r\u00e9sultats financiers d\u00e9finitifs pour le dernier exercice, le DPB estime que le d\u00e9ficit budg\u00e9taire pour 2021-2022 s\u2019\u00e9l\u00e8vait \u00e0 97 milliards de dollars (3,9 % du PIB). Pour l\u2019exercice en cours, 2022-2023, il devrait revenir \u00e0 25,8 milliards de dollars (0,9 % du PIB), si la politique demeure inchang\u00e9e."}},{"content":{"en":"Assuming no new measures are introduced and existing temporary measures sunset as scheduled, the budgetary deficit is projected to decline further, reaching $3.1 billion (0.1 per cent of GDP) in 2027-28, as growth in tax revenue tracks gains in nominal GDP and growth in program spending remains constrained.","fr":"En supposant qu\u2019aucune nouvelle mesure ne sera introduite et que les mesures temporaires actuelles prendront fin comme pr\u00e9vu, le d\u00e9ficit budg\u00e9taire devrait continuer de baisser pour atteindre 3,1 milliards de dollars (0,1 % du PIB) en 2027-2028, la croissance des recettes fiscales suivant la hausse du PIB nominal et l\u2019augmentation des d\u00e9penses de programmes restant limit\u00e9e."}},{"content":{"en":"PBO projects the federal debt-to-GDP ratio to continue to decline from its peak in 2020-21, gradually reaching 36.2 per cent in 2027-28, but remain above its pre-pandemic level. We project the debt service ratio (public debt charges relative to tax revenues) will peak at 11.5 per cent in 2024-25 and then decline gradually, reaching 10.9 per cent in 2027-28.","fr":"Le DPB pr\u00e9voit que le ratio de la dette f\u00e9d\u00e9rale au PIB continuera de baisser par rapport au pic atteint en 2020-2021 pour revenir graduellement \u00e0 36,2 % en 2027-2028, mais qu\u2019il restera sup\u00e9rieur \u00e0 ce qu\u2019il \u00e9tait avant la pand\u00e9mie. Nous pr\u00e9voyons que le ratio du service de la dette (soit le rapport entre les frais de la dette publique et les recettes fiscales) atteindra 11,5 % en 2024-2025, avant de redescendre graduellement \u00e0 10,9 % en 2027-2028."}}]},"updated_at":"2022-10-13T12:57:05.000000Z","type":"RP","slug":"RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-018-S--economic-fiscal-outlook-october-2022--perspectives-economiques-financieres-octobre-2022"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/258865a69ecf369e99f05a9e799d04136ed8c0b04830967d0ad5aecfd59f90f9"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/51a083e93dd377e22512a1bded7c9ec3406c0f7fac7eb2d3cc34b5fb31543ee6"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d7fa73999c04307e23d86d96180e5f91c31033c5a98ee407dc6b62cf9055991a","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9d332a78925718b07fbda3f93d76ab9bb2aebdba80cd6e29adc6f4cb242d2ddf","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fbb974d4b634d9d774e0b6d9a8963dcc027d71682e31681f69f8d3b8a772ef81","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b1ed7e24b589eb9697f566532534e451fdf683e36f72b4528766a85f31585db4","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fd5194e7f1ad4e2700932baba6f3337de968a2b78fbf3ac192ba3f9ddbca25f2","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/569284196971fde0ae04a2fe40f3fb15fd9aeb8212b3a92d03fa50b47895fe1b","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9c606032b827b08e41f6ef8fcef2179d1759bc6853619320448436732c0eb62c","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4e27d041a155bc9dbb184b1c2a2a5f0188b46d4baea9c42d68345e6e2188e539"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e868718d7e6d6970c4c12049c275e08082aad802f134c34933002ffffb819e10","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f6a27cfedbbd466a775bce54ecdf70d3f89806f124a864cedfd28e534ff00e9f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/765b7fa64713a56d6569df337c447227e123b34ac1898507a5cadc055ea531f1","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3c2ccb74035ad35fa788f6075f4f194cfa212d85ad15450156ab4e19a9370a68","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ca52aaabbc28d4b60d603d25ababb7e5100d76064e4e8ffdef1c0cfb6c1ce1d2","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d2b396382ddf283ac93c1e58d239a0485c786a64e9c61c61435e62d76eddc6ad","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b0bd984003014b83e12072b4962d24e1abbf54f1bdcbdac4f1f3a62f069bef29","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6b3117d563ea91e5017f03f8b53059e09c7bd98995dbfa2b78a825de0b37a3d6"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223018S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - October 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223018S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Barkova, Lisa and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Kpekou Tossou, Rolande and Laurin, Marianne and Michalyshyn, Katarina and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - Octobre 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2223-003-S","is_published":"2022-05-05T12:57:12.000000Z","release_date":"2022-05-05T13:00:00.000000Z","title_en":"Mobility tax deduction for tradespersons and indentured apprentices","title_fr":"D\u00e9duction pour la mobilit\u00e9 des personnes de m\u00e9tier et apprentis li\u00e9s par contrat","internal_id":"LEG-2223-003-S","metadata":{"abstract_en":"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.","abstract_fr":"Le projet de loi C-19, Loi portant ex\u00e9cution de certaines dispositions du budget, propose d\u2019instaurer une D\u00e9duction pour la mobilit\u00e9 de la main-d\u2019\u0153uvre, correspondant \u00e0 un montant maximal de 4 000 $ par ann\u00e9e pour les frais de d\u00e9placement et de r\u00e9installation temporaire admissibles, \u00e0 l\u2019intention des personnes de m\u00e9tier et apprentis admissibles. Le DPB estime que 103 millions de dollars seront n\u00e9cessaires en 2022-2023 pour permettre aux personnes de m\u00e9tier et aux apprentis li\u00e9s par contrat de d\u00e9duire les co\u00fbts des d\u00e9placements effectu\u00e9s dans le cadre de travaux de construction sur un chantier situ\u00e9 \u00e0 au moins 150 kilom\u00e8tres de leur lieu de r\u00e9sidence habituel.","highlights":[]},"updated_at":"2022-05-05T12:57:12.000000Z","type":"LEG","slug":"LEG-2223-003-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-mobilite-personnes-metier-apprentis-lies-contrat","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-003-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-mobilite-personnes-metier-apprentis-lies-contrat","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-003-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-mobilite-personnes-metier-apprentis-lies-contrat"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-003-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-mobilite-personnes-metier-apprentis-lies-contrat","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-003-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-mobilite-personnes-metier-apprentis-lies-contrat"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/0371c597a39f37ddbb628499becf6d7d4f0424864d09923225869ee38e79ed08"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/028b01362cfabe99faeb13e0647822a54a9e5a6e322906015ecf0257f91a0cb6"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4da13c14f510e3f5c25d14f60de458d60aff601bc776a511003c114bda6ca138","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5bb480949f96f43347aabaf46f7b7b5ac59b89e87bd252e4a4ca859e8f21fb6a","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f3128844ee1dda54d17fa0158ec85bf7a364260e84d85aaa81d6018b69c6cbcc","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2eea38bb7546ae6297a37a2852ce7bee5216e01915fa28dd2881c0fa3022e70b","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2a7aa71c60f9fa59ccfdf7736f825de407cb1556aad76d15744cafb786e16a40","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4f9ee5a45460aa3804cf5a6ff92641d0121fb7f5ef76caaa5988cc4ba91e2009","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d09d35315f9b0e0dfe7c2eca0708a753c3a390014b01f7ccc584fcb55be99880","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1e08f70ac7a469230f59919660f507582944a0f8e17d194b328d30b42c9de1d5"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e4f77bf7f475744ea236a8deae228e188c9089126f816db0b8430b0d897c0dd1","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6da955158e40a04f7d030ba82b24174e74ae5677a6c45e67c719a55f18a5bf30","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2375d096e20805acc11e5870cbd965d6a1ffbc910caf028ee02f7a71f8c8019d","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7fc692468dbdf943c2c0cc075b5496fc3addfba60e8e28e09a45be1e02f58d42","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/64d7557800386afe00c089866a6741822450216990f531a463d1a8f24623b91f","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/050658c89cfda634f1e2da94b0460e15531282db2d21c3db40eb815ab672c523","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/28798be2f75a28750168c8cb6ad3ff19c706c9e5d730b7e63971f95034c3edc9","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0e3a8eaec70481316c63b252a034a02a5cf7d4acf95ec26124fd7a812035aee1"}}},"bills":[{"id":340,"created_at":"2022-04-29T06:00:09-04:00","updated_at":"2023-01-30T08:54:39-05:00","legisid":"44_1_C-19","parliament":44,"session":1,"prefix":"C","number":19,"title_en":"An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures","title_fr":"Loi portant ex\u00e9cution de certaines dispositions du budget d\u00e9pos\u00e9 au Parlement le 7 avril 2022 et mettant en oeuvre d\u0027autres mesures","bill_num":"C-19","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/bills--projets-de-loi\/44-1\/C-19","legisinfo":"https:\/\/www.parl.ca\/legisinfo\/en\/bill\/44-1\/c-19"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/bills--projets-de-loi\/44-1\/C-19","legisinfo":"https:\/\/www.parl.ca\/LegisInfo\/fr\/projet-de-loi\/44-1\/c-19"}},"pivot":{"publication_id":682,"bill_id":340}}],"bibtex":{"en":"@techreport{PBO-LEG2223003S,\n author={Nahornick, Nora},\n title={Mobility tax deduction for tradespersons and indentured apprentices},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2223003S,\n author={Nahornick, Nora},\n title={D\\\u0027{e}duction pour la mobilit\\\u0027{e} des personnes de m\\\u0027{e}tier et apprentis li\\\u0027{e}s par contrat},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2223-001-S","is_published":"2022-04-22T12:57:10.000000Z","release_date":"2022-04-22T13:00:00.000000Z","title_en":"Budget 2022: Issues for parliamentarians","title_fr":"Budget de 2022 : Consid\u00e9rations pour les parlementaires","internal_id":"RP-2223-001-S","metadata":{"abstract_en":"To assist parliamentarians in their budgetary deliberations, this report highlights key issues arising from Budget 2022.","abstract_fr":"Ce rapport fait ressortir les faits saillants du budget de 2022 pour aider les parlementaires dans leurs d\u00e9lib\u00e9rations budg\u00e9taires.","highlights":[{"content":{"en":"Since the start of the pandemic, the Government has spent, or has planned to spend, $576 billion in new measures\u2014over 35 per cent, $204.5 billion, of this spending is not part of the COVID-19 Response Plan.","fr":"Depuis le d\u00e9but de la pand\u00e9mie, le gouvernement a d\u00e9pens\u00e9, ou pr\u00e9vu de d\u00e9penser, 576 milliards de dollars en nouvelles mesures \u2013 plus de 35 % de ces d\u00e9penses, soit 204,5 milliards de dollars, ne fait pas partie du Plan d\u2019intervention \u00e9conomique du Canada pour r\u00e9pondre \u00e0 la COVID-19."}},{"content":{"en":"Implementation of any remaining measures from the Liberal Party of Canada\u2019s 2021 election platform, as well as additional commitments not included in Budget 2022, such as Pharmacare, will impact the budgetary balance going forward.","fr":"La mise en \u0153uvre de toute mesure restante du programme \u00e9lectoral de 2021 du Parti lib\u00e9ral du Canada, ainsi que tout engagement suppl\u00e9mentaire non indiqu\u00e9 au budget de 2022, comme l\u2019assurance-m\u00e9dicaments, aura une incidence sur le solde budg\u00e9taire ult\u00e9rieur."}},{"content":{"en":"Budget 2022 includes new spending on tax compliance, which is expected to recover $3.4 billion in revenues. There is downside risk to the projected recovery in revenues due to a likely increase in the number of objections and appeals from taxpayers and CRA\u2019s performance on the collection of arrears.","fr":"Le budget de 2022 comporte de nouvelles d\u00e9penses pour l\u2019observation fiscale, dont on s\u2019attend qu\u2019elles entra\u00eenent le recouvrement de recettes fiscales de 3,4 milliards de dollars. Les recettes recouvr\u00e9es pourraient toutefois \u00eatre moins \u00e9lev\u00e9es que pr\u00e9vu, en raison d\u2019une probable augmentation du nombre d\u2019oppositions et d\u2019appels des contribuables et du rendement de l\u2019ARC en mati\u00e8re de perception des arri\u00e9r\u00e9s."}},{"content":{"en":"The Government expects to reduce spending by $9.0 billion beginning in 2023-24. The Government intends to review and identify areas to reduce spending. However, specific details regarding the scope of the review have not yet been announced.","fr":"Le gouvernement s\u2019attend \u00e0 r\u00e9duire les d\u00e9penses de 9,0 milliards de dollars en 2023-2024. Il entend proc\u00e9der \u00e0 un examen afin de d\u00e9terminer les secteurs o\u00f9 les d\u00e9penses seront r\u00e9duites. Cependant, certains d\u00e9tails sur la port\u00e9e de l\u2019examen n\u2019ont pas encore \u00e9t\u00e9 annonc\u00e9s."}},{"content":{"en":"The tabling of Budget 2022 a month after the Government\u2019s Main Estimates decouples the Government\u2019s fiscal planning from the medium-term operational plans tabled in Parliament. Parliamentarians could be well served by adopting a new legislative or administrative framework to enforce better alignment among the Government\u2019s various financial reports.","fr":"Le d\u00e9p\u00f4t du budget de 2022 un mois apr\u00e8s la pr\u00e9sentation du budget principal des d\u00e9penses dissocie la planification financi\u00e8re du gouvernement des plans op\u00e9rationnels \u00e0 moyen terme d\u00e9pos\u00e9s au Parlement. Il pourrait \u00eatre utile que les parlementaires adoptent un nouveau cadre l\u00e9gislatif ou administratif pour imposer une meilleure harmonisation entre les divers rapports financiers du gouvernement."}}]},"updated_at":"2022-04-22T13:03:40.000000Z","type":"RP","slug":"RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2223-001-S--budget-2022-issues-parliamentarians--budget-2022-considerations-parlementaires"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2affe02238780197b2f57fd99bf0090bab48daaf6c30a157176c3ba0b227b791"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/b943b761559d67f44e46a40abd15dc4fe91ff465dbf8c9311483aa4e2b5dc2c5"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7a19e0a265b4fa3f53399ba6e9e92b85f9aa1f0f85a5242b3ac20cf0bcf659b1","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1560c17a0a526ab4dd31e1b4998cab8389a7ab14e33bec306132c0ffca952be5","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c8ed143e11dd2d5a19bf9695fedad409066d396e79203baecb9229eded2583d4","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/de1ed6fa375bb9ed2bb6b4b5340bf19be8d089398bac5a7aa5e5a898bc393b60","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/94c1fdc20c7884dfc7d322b610dd9be999d39eb6aae27ef9165513b84071afd0","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7d2b7c19bf3da09d450c88853fed37d96bb5972fd3dfdc89336fdf7006e76f52","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d0b500ac6146fb193671fd094cd9cfe1aad19ec9278eb80fec9572da81335ccd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/49acbfa6cc86f8cddd94b470b63512674a0972626c29a6771f4745307dd06fe2"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/77a5a0d820348d99fc1ae0798c8660027c25d5b190e9c5cf51e3c7bb27954427","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/de69db44271c1bef3f88f1a4ec81efba346de6036c36bb7e8076b29b16f7eff5","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0e91838c7941ba5eddedc01f69001ee4deb40c8709771077bea11d8aaccea3d8","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03afa70e2fa42bdda2282b940065486c89206ea42bd0607bc70e3c0e24c055ef","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/82182d241f2b9f2299fbab758eea3726a3f691b9bb86af6997f16d2858f99520","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7c4ad51b09050c66660f1e5a22be6208cc8687b4cd01cf2994327c10996d1bf5","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/930ae8e34a6beda2a30c754c968ea1afb9c847f843ba2fafcfec8c48f413c2f2","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2b8802a4800904ffe2c473a2a90d741d682cc8101d9c93089f8cde05ec566481"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2223001S,\n author={Bernier, Govindadeva and Grinshpoon, Kristina and Jacques, Jason and Nahornick, Nora and Nicol, Caroline and Perrault, Louis and Stanton, Jason},\n title={Budget 2022: Issues for parliamentarians},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2223001S,\n author={Bernier, Govindadeva and Grinshpoon, Kristina and Jacques, Jason and Nahornick, Nora and Nicol, Caroline and Perrault, Louis and Stanton, Jason},\n title={Budget de 2022 : Consid\\\u0027{e}rations pour les parlementaires},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"LEG-2223-002-S","is_published":"2022-04-05T12:57:10.000000Z","release_date":"2022-04-05T13:00:00.000000Z","title_en":"Mobility tax deduction for tradespersons and indentured apprentices","title_fr":"D\u00e9duction fiscale pour les d\u00e9placements des gens de m\u00e9tier et des apprentis li\u00e9s par contrat","internal_id":"LEG-2223-002-S","metadata":{"abstract_en":"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.\n\nThe 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.","abstract_fr":"Le projet de loi C-222 propose de permettre aux gens de m\u00e9tier et aux apprentis li\u00e9s par contrat de d\u00e9duire de leur revenu, \u00e0 des fins fiscales, les d\u00e9penses qu\u2019ils effectuent pour se d\u00e9placer lorsqu\u2019ils occupent un emploi dans le domaine de la construction sur un chantier situ\u00e9 \u00e0 au moins 80 kilom\u00e8tres de leur lieu de r\u00e9sidence habituelle. La loi s\u2019appliquera aux ann\u00e9es d\u2019imposition 2022 et suivantes.\n\nLe DPB estime qu\u2019il en co\u00fbtera 117 millions de dollars en 2022-2023 pour permettre aux gens de m\u00e9tier et aux apprentis li\u00e9s par contrat de d\u00e9duire de leur revenu les d\u00e9penses qu\u2019ils effectuent pour se d\u00e9placer lorsqu\u2019ils occupent un emploi dans le domaine de la construction sur un chantier situ\u00e9 \u00e0 au moins 80 kilom\u00e8tres de leur lieu de r\u00e9sidence habituelle.","highlights":[]},"updated_at":"2022-04-05T12:57:10.000000Z","type":"LEG","slug":"LEG-2223-002-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-fiscale-deplacements-gens-metier-apprentis-lies-contrat","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-002-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-fiscale-deplacements-gens-metier-apprentis-lies-contrat","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2223-002-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-fiscale-deplacements-gens-metier-apprentis-lies-contrat"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-002-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-fiscale-deplacements-gens-metier-apprentis-lies-contrat","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2223-002-S--mobility-tax-deduction-tradespersons-indentured-apprentices--deduction-fiscale-deplacements-gens-metier-apprentis-lies-contrat"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/2df0b9b1562be563b32435f4dc7cf094cf4b1220678b21523753c35ec90e3d65"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/68e65b27d5abe97f96331b813dd13956ce03eb4a853b6a6f7150cd4b91bb9e03"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/548139b02bf10909fb92ea42190d5a823a624451e332f9cfca09b7e7b357e674","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/35f546234c0f78898d194317d5c8aee932482cf4a5194a19c2a01094455fe3f6","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fd2dd94eb96dee3f8983955b213db053db3a8d67ff14b70e88fca902bc92574f","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1d2ec4a0732f17fff999e210d44414c7f30ccd917f41d63a732634052beb0d88","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3b5410a35301264c637ca6fdc312df6dcf06e3efeb529356f4be778c009d60d9","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/69c2164ba406399e87c34b4b35450419df9b781099142c9b4317bd7a51568e18","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c606c1804736e4fd9bfd20c068360aae81090421f13fc4dfdc34c44830280973","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/101b4cfd78b69cc51c95a297ceb5bd265a633316ca74f62eb2feb645b9af7031"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/06ae9f538dd99547b5af1bb56afdff2ed8439df355ed7872a79fe5a26c247a6b","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7cad132330e7cdfb221934eb672c15e88761e6fa6a1d497e92c8d0cceb9655af","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/68e97866b5c4adc8b63a53376e8fb277f84e43e0bebdd659cfc302332ecd7f78","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2285fc16c65f233f846bb87635fd2460c01408b7a393d1c538fc0b49d633b070","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a38c0cc6d0f7f7e4e1a01a9a5bda9965f386ca080e6b9330dda31a901c65b39d","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5274519e6372f5105c94269d85ed6df4e2a51c1fdbeee221c783296c88f69ee","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/629a22972c1ff135d33547c5ff38227eb24939dc57a4171ce5332e33b809edd7","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dcf6e0f3a973592ec9c28f08200a57156feec80415b4dd29db36b3ccbd4f6710"}}},"bills":[{"id":267,"created_at":"2021-12-16T14:00:09-05:00","updated_at":"2021-12-16T14:00:09-05:00","legisid":"44_1_C-222","parliament":44,"session":1,"prefix":"C","number":222,"title_en":"An Act to amend the Income Tax Act (travel expenses deduction for tradespersons)","title_fr":"Loi modifiant la Loi de l\u2019imp\u00f4t sur le revenu (d\u00e9duction des frais de d\u00e9placement pour les gens de m\u00e9tier)","bill_num":"C-222","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/bills--projets-de-loi\/44-1\/C-222","legisinfo":"https:\/\/www.parl.ca\/legisinfo\/en\/bill\/44-1\/c-222"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/bills--projets-de-loi\/44-1\/C-222","legisinfo":"https:\/\/www.parl.ca\/LegisInfo\/fr\/projet-de-loi\/44-1\/c-222"}},"pivot":{"publication_id":679,"bill_id":267}}],"bibtex":{"en":"@techreport{PBO-LEG2223002S,\n author={Nahornick, Nora},\n title={Mobility tax deduction for tradespersons and indentured apprentices},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2223002S,\n author={Nahornick, Nora},\n title={D\\\u0027{e}duction fiscale pour les d\\\u0027{e}placements des gens de m\\\u0027{e}tier et des apprentis li\\\u0027{e}s par contrat},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2122-030-S","is_published":"2022-03-01T14:00:03.000000Z","release_date":"2022-03-01T14:00:00.000000Z","title_en":"Economic and Fiscal Outlook \u2013 March 2022","title_fr":"Perspectives \u00e9conomiques et financi\u00e8res \u2013 Mars 2022","internal_id":"RP-2122-030-S","metadata":{"abstract_en":"This report provides a baseline projection to help parliamentarians gauge potential economic and fiscal outcomes under current policy settings.","abstract_fr":"Ce rapport pr\u00e9sente des pr\u00e9visions de r\u00e9f\u00e9rence pour aider les parlementaires \u00e0 \u00e9valuer les r\u00e9sultats \u00e9conomiques et budg\u00e9taires possibles en vertu des cadres d\u2019action actuels.","highlights":[{"content":{"en":"PBO projects growth in the Canadian economy to rebound sharply in the second quarter and remain robust in the second half of 2022 as the reopening of the economy continues.","fr":"Le DPB pr\u00e9voit que la croissance de l\u2019\u00e9conomie canadienne reprendra nettement au cours du deuxi\u00e8me trimestre et qu\u2019elle demeurera solide durant la deuxi\u00e8me moiti\u00e9 de 2022 alors que se poursuit la r\u00e9ouverture progressive de l\u2019\u00e9conomie."}},{"content":{"en":"Based on our outlook for inflation and the output gap, PBO projects that the Bank of Canada will increase its policy interest rate by a cumulative 75 basis points, lifting its rate to 1.00 per cent by the end of 2022.","fr":"En s\u2019appuyant sur ses perspectives concernant l\u2019inflation et l\u2019\u00e9cart de production, le DPB pr\u00e9voit que la Banque du Canada va augmenter son taux directeur de 75 points de base cumulatifs, relevant le taux \u00e0 1 % d\u2019ici la fin de 2022."}},{"content":{"en":"PBO projects a budget deficit of $139.8 billion (5.6 per cent of GDP) in 2021-22 and $47.9 billion (1.8 per cent of GDP) in 2022-23. We project the federal debt-to-GDP ratio to peak at 47.7 per cent in 2021-22 and then gradually decline over the medium term to 42.3 per cent.","fr":"Le DPB pr\u00e9voit un d\u00e9ficit budg\u00e9taire de 139,8 milliards de dollars en 2021-2022 (5,6 % du PIB) et de 47,9 milliards de dollars en 2022-2023, soit 1,8 % du PIB. Le ratio de la dette f\u00e9d\u00e9rale au PIB devrait atteindre un sommet \u00e0 47,7 % du PIB en 2021-2022 avant de revenir progressivement \u00e0 moyen terme \u00e0 42,3 %."}},{"content":{"en":"Due to low interest rates, the cost of servicing the federal debt reached its lowest recorded level in 2020-21 of 7.2 per cent of tax revenues. While interest rates are projected to rise, the debt service ratio will remain low, reaching 11.5 per cent of tax revenues over the medium term.","fr":"\u00c9tant donn\u00e9 les faibles taux d\u2019int\u00e9r\u00eat, le co\u00fbt de service de la dette f\u00e9d\u00e9rale a atteint son niveau le plus bas enregistr\u00e9 en 2020-2021, \u00e0 7,2 % des recettes fiscales. Malgr\u00e9 la hausse anticip\u00e9e des taux d\u2019int\u00e9r\u00eat, le ratio du service de la dette du gouvernement demeurera bas, atteignant 11,5 % des recettes fiscales \u00e0 moyen terme."}}]},"updated_at":"2022-03-01T14:00:03.000000Z","type":"RP","slug":"RP-2122-030-S--economic-fiscal-outlook-march-2022--perspectives-economiques-financieres-mars-2022","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2122-030-S--economic-fiscal-outlook-march-2022--perspectives-economiques-financieres-mars-2022","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2122-030-S--economic-fiscal-outlook-march-2022--perspectives-economiques-financieres-mars-2022"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2122-030-S--economic-fiscal-outlook-march-2022--perspectives-economiques-financieres-mars-2022","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2122-030-S--economic-fiscal-outlook-march-2022--perspectives-economiques-financieres-mars-2022"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/3b26ede6fae896559139165f58afe8e6bf10ca44163553a90673a2a202748f9b"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/ce266b874d5cf5681fc702ab435a15c3c5d220171125b8351c1ad6451d5665fc"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/adad829cca697f0c4c01bfc56c21242a1dc12f688663fc0c3908c990f335e1f8","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7280200957304b941e0e9011a9bcbfce3a44857dd754d179c0c181510426b924","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d4f43663ae762caa859a06ffaec35e55cff64724a49af75c7b6b63221ae89a99","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/32d182a695a4a33e141d2c9d2c7cf497e370a3c6774d9f7bc19e44adeea3c0d2","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/152810610eb1b2c1567c437df5e8429c3d3a840f5c3306f302f031eb9476d576","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5a62e91991aa8a240d5b65e6cff55c7d7d0312103bcb0df4cf94b7ac0d0d19a9","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ca5d1a67a614892f90f33d231548f7e94524c24bf0fea1227fdb8228467088d4","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/07797ba08dc2b3c77a49bf89ac8eb690f32cd1f10de694767fce8f1f853cdd82"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6da24b5271909c06c819dbb56e2ef3d689d8d0ebd56ebf951356e09a63f19502","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e4727c7519d9e95edb531319af7ee5916ad89394e7ea6f5a4db90dfd9745386c","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/126ed143c863b1a2c8a83b72f79e6463b5e0fef81479cf16f9293f003e05a23a","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/687dd5d99ac9d127d8226bf86f1d0c3cbfa222416b749d7cb31d42fa5428ebb1","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7640d17462dd1a6607140ceab75103832587a70d1e9ee3d7dc571f3fad141aee","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0d15b7bbcb508c547f55240af627127e1dbc89c50752f3d988a7d7c546b082be","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/19126bb571aade4c047d611e196e589cf85c986fb7b04cadb68f40d971faa89a","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6bf5bf0d768ead3b26017514afef4c804fba4a57bbc2faf673e1ac6ac8950ba8"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122030S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Duncan, Krista and Forsyth, Jamie and Giswold, Jill and MacPhee, Sarah and Michalyshyn, Katarina and Segel-Brown, Ben and Sourang, Diarra and Vanderwees, Kaitlyn},\n title={Economic and Fiscal Outlook - March 2022},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122030S,\n author={Nahornick, Nora and Nicol, Caroline and Stanton, Jason and Ammar, Nasreddine and Behrend, Robert and Cl\\\u0027{e}ophat, R\\\u0027{e}gine and Creighton, Mark and Duncan, Krista and Forsyth, Jamie and Giswold, Jill and MacPhee, Sarah and Michalyshyn, Katarina and Segel-Brown, Ben and Sourang, Diarra and Vanderwees, Kaitlyn},\n title={Perspectives \\\u0027{e}conomiques et financi\\`{e}res - Mars 2022},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}

{"id":"RP-2122-026-S","is_published":"2022-01-25T14:00:09.000000Z","release_date":"2022-01-25T14:00:00.000000Z","title_en":"Estimated Cost of Cleaning Canada\u2019s Orphan Oil and Gas Wells","title_fr":"Co\u00fbt estimatif du nettoyage des puits de p\u00e9trole et de gaz orphelins du Canada","internal_id":"RP-2122-026-S","metadata":{"abstract_en":"This report provides an independent estimate of the cost of cleaning Canada\u2019s orphan oil and gas wells.","abstract_fr":"Le pr\u00e9sent rapport fournit une estimation ind\u00e9pendante du co\u00fbt du nettoyage des puits de p\u00e9trole et de gaz orphelins du Canada.","highlights":[{"content":{"en":"As of 2020, roughly 36 per cent of all wells in Alberta and Saskatchewan are active, the lowest share in recorded history. Inactive and plugged wells make up roughly 37 per cent of all wells.","fr":"En 2020, environ 36 % de tous les puits de l\u2019Alberta et de la Saskatchewan \u00e9taient actifs, soit le taux le plus faible jamais enregistr\u00e9. Les puits inactifs et colmat\u00e9s repr\u00e9sentent environ 37 % de tous les puits."}},{"content":{"en":"Provincial regulators require oil and natural gas companies to close inactive well sites. In the case where there is no known, financially viable operator capable of addressing the environmental liabilities associated with closing their wells, the wells under the company are deemed orphaned.","fr":"Les organismes de r\u00e9glementation provinciaux exigent que les entreprises p\u00e9troli\u00e8res et gazi\u00e8res ferment les puits inactifs. Les puits d\u2019une entreprise sont consid\u00e9r\u00e9s comme orphelins dans le cas o\u00f9 il n\u2019y a pas d\u2019exploitant connu et financi\u00e8rement viable qui soit capable de s\u2019acquitter des responsabilit\u00e9s environnementales associ\u00e9es \u00e0 la fermeture de ceux-ci."}},{"content":{"en":"In Alberta, the number of orphaned wells has increased from 700 to more than 8,600 over the last 10 years.","fr":"En Alberta, le nombre de puits orphelins est pass\u00e9 de 700 \u00e0 plus de 8 600 au cours des dix derni\u00e8res ann\u00e9es."}},{"content":{"en":"PBO estimates the cumulative cost for orphan well clean-up, on a national level, to be $361 million as of 2020.","fr":"Le DPB estime le co\u00fbt cumulatif du nettoyage des puits orphelins \u00e0 361 millions de dollars, \u00e0 l\u2019\u00e9chelle nationale, en 2020."}},{"content":{"en":"PBO estimates the cost of orphan well clean-up in Canada to reach $1.1 billion by 2025.","fr":"Le DPB estime que le co\u00fbt du nettoyage des puits orphelins au Canada atteindra 1,1 milliard de dollars d\u2019ici 2025."}},{"content":{"en":"At face value, the $1.7 billion allocated by the federal government through the Covid-19 Economic Response should be sufficient to cover the estimated clean-up of inactive oil and gas wells in the medium term. However, current provincial allocations give rise to an outstanding risk in the medium-term that the projected liability could persist if funding continues to be allocated to firms that do not have acute financial risk.","fr":"\u00c0 premi\u00e8re vue, la somme de 1,7 milliard de dollars allou\u00e9e dans le cadre du Plan d\u2019intervention \u00e9conomique du Canada pour r\u00e9pondre \u00e0 la COVID-19 devrait \u00eatre suffisante pour couvrir le co\u00fbt estimatif du nettoyage des puits de p\u00e9trole et de gaz inactifs \u00e0 moyen terme. Toutefois, il existe un risque \u00e0 moyen terme que les passifs projet\u00e9s persistent si les provinces continuent d\u2019attribuer des fonds aux entreprises qui n\u2019ont pas de risque financier \u00e9lev\u00e9."}}]},"updated_at":"2022-01-25T19:19:59.000000Z","type":"RP","slug":"RP-2122-026-S--estimated-cost-cleaning-canada-orphan-oil-gas-wells--cout-estimatif-nettoyage-puits-petrole-gaz-orphelins-canada","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2122-026-S--estimated-cost-cleaning-canada-orphan-oil-gas-wells--cout-estimatif-nettoyage-puits-petrole-gaz-orphelins-canada","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2122-026-S--estimated-cost-cleaning-canada-orphan-oil-gas-wells--cout-estimatif-nettoyage-puits-petrole-gaz-orphelins-canada"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2122-026-S--estimated-cost-cleaning-canada-orphan-oil-gas-wells--cout-estimatif-nettoyage-puits-petrole-gaz-orphelins-canada","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2122-026-S--estimated-cost-cleaning-canada-orphan-oil-gas-wells--cout-estimatif-nettoyage-puits-petrole-gaz-orphelins-canada"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/44de649e994977a9771ff83959ba6b9563f5c1352ec3ba4f83c4d256f40a6b41"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/f585eece167a9e98232eb8d15328ed76e09bb696570696c30c74563b12fdf372"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d4e0ecf34f5d12d1b64dd5f4d9605becb8acc3fc302f78daa20f5d23986b3e45","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/298c53fb22cbe648e4e37495fc1b21c69380d10f3970664424ec3c9f49458570","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0f6d4cc449be234f168eed4104bdb9f7725e80b8cc3ad794bb8af3c485f9a889","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f17a98f0f15f2a195fb328720db39ede71a36c200344ea6bf95a216df3c6a220","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f8e6d08a42f5bec5259eb322484a5786b9b9329027553c01cfc989650329f015","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0e26f6be2f697a34dd41e3ceafacfedd608dabc21140656936408a3ae55f7345","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/55db93ffef1cb2e763f7f0d85d316b44d1260ccfc3b90924b37d23243a156c44","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7bab4d2a0100fd990d04585f292e06cfb07a8d377d20aad8cc9b103aaa76679c"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2b81d11ec243452923f8f8ee36b862734b4e6042f5f6b555a0d7520acafc535d","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2f158c1bb8186bb59a4197cf80ea0c1fca6ae3b40f2d8d8ac087f990e41cd262","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/28123725e5913a6c524bdb0cb7d25d14290c37a03da60f0d917d48687ae1489b","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/10bdca80b721d140a4a8fd8f44e8b606de47c470f8e104010480318af36bd825","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bdd75b3fdfa6799ad884e571c4e745ee8d7968f5534fc2c83232881addfb2b87","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/bce6438977d2c57d79b3fec5cd6d6c503f235e66f81978075ebe458f79bcc768","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c5ae7a640cd9847ecd75566f59aa51e5cfda63faea213b4ed39749a97880e1cd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/501cffb7335188d56ffb5a137bb7e1ce225880338f49c2d7bf5dd0e767a04f04"}}},"bills":[],"bibtex":{"en":"@techreport{PBO-RP2122026S,\n author={Forsyth, Jamie and Nahornick, Nora},\n title={Estimated Cost of Cleaning Canada\u2019s Orphan Oil and Gas Wells},\n institution={The Office of the Parliamentary Budget Officer},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2122026S,\n author={Forsyth, Jamie and Nahornick, Nora},\n title={Cout estimatif du nettoyage des puits de p\\\u0027{e}trole et de gaz orphelins du Canada},\n institution={Bureau du directeur parlementaire du budget},\n year=2022,\n \n address = \u0022Ottawa, ON\u0022\n}"}}