Good afternoon Mr. Chair, vice-chairs and members of the committee. Thank you for the invitation to appear before you today.
I am Jason Jacques, chief financial officer for the Office of the Parliamentary Budget Officer. With me today, I have Nasreddine Ammar.
We are pleased to be here today on behalf of the office. Mr. Giroux sends his regrets. Unfortunately, he had pre-existing travel commitments that he was unable to cancel.
Consistent with our mandate to provide independent non-partisan analysis to Parliament, our office released a cost estimate of Bill C-30 on September 29.
As you know, this bill proposes temporarily doubling the GST credit to support those most affected by inflation. As you've read in the very good analytical background material generated by the Library of Parliament, our office estimates that Bill C-30 will cost approximately $2.6 billion, benefit about 11.6 million individuals and provide an average household benefit of approximately $225.
Nesreddine and I would be pleased to respond to any questions you may have regarding our analysis of Bill C-30, as well as other questions you may have regarding related PBO reports.
Thank you very much.