No, there are no changes in the model. It's nominal GDP and flat-out income, so lower income growth in the hands of Canadians. That lower income translates into lower tax receipts and personal income taxes.
February 23rd, 2016 / 1:05 p.m.
Assistant Deputy Minister, Economic and Fiscal Policy Branch, Department of Finance
No, there are no changes in the model. It's nominal GDP and flat-out income, so lower income growth in the hands of Canadians. That lower income translates into lower tax receipts and personal income taxes.
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