Mr. Speaker, with regard to (a), the government’s projection of goods and services tax revenues published in budget 2017 is based on projected growth in taxable consumption, projected growth in the GST/HST credit, and year-to-date results.
With regard to (b), the federal GST rate of 5% is maintained over the projection period; therefore, none of the increase in GST revenues is due to a change in the federal GST rate.
With regard to (c), overall, GST revenues are projected to grow broadly in line with forecasted nominal gross domestic product, or GDP . By definition, this would reflect the impact of carbon taxes on prices, although a separate estimate of the GST revenue impact is not available.