PBO
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Automatic tax filing could see Canadians get billions in unclaimed benefits: PBOCanadian non-filers could collectively get up to $1.6 billion this year in unclaimed tax benefits if an automatic filing system were to roll out, the federal fiscal watchdog says.MoneyJun 13
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Half a billion to clear backlog of some asylum seekers: PBOCanada has spent nearly half a billion dollars over the last five years processing asylum claims from people who arrived in the country without a visa, a new report has found.CanadaMay 31
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Liberal MP calls out PBO for error in carbon price analysisA Liberal MP says the parliamentary budget officer should have issued a more-public correction to an error in its carbon price analysis.CanadaMay 28
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Canada needs another 1.3M homes by 2030 to solve supply and demand gap: PBOThe Parliamentary Budget Officer said in a report released Thursday that it will take building a total of about 3.1 million homes to solve Canada's housing gap.CanadaApr 11
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Heat pump program costs are on track but could jump to $2.7B: PBOThe Parliamentary Budget Officer estimates Ottawa's heating oil to heat pump program could cost $797 million after the government allocated $500 million to the enhanced version.CanadaJan 18
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Pharmacare would cost billions more a year, but lead to economic savings: PBOThe PBO released a report on Thursday that provides an estimate for the cost of a pharmacare program between 2024-25 and 2027-28.CanadaOct 12, 2023
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Volkswagen, Stellantis subsidies will take 20 years to break even: watchdogAn analysis from the Parliamentary Budget Officer finds it will take the federal and Ontario governments two decades to break even on EV-battery manufacturing subsidies.CanadaSep 12, 2023
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Volkswagen plant will cost $16.3B with ‘marginal’ benefits: PBOThe parliamentary budget officer said the total cost to the federal government of building Volkswagen’s first overseas plant is higher than what Ottawa had announced.CanadaJun 14, 2023
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PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023The PBO also predicts the Bank of Canada will keep its key interest rate target on hold at 4.5 per cent for the rest of 2023 before starting to cut in 2024.EconomyMar 2, 2023
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Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer saysAs inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.EconomyOct 13, 2022
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