Finance committee  I think this would depend on the timing. Let's say, in your case, if the economy unfolded as the private sector forecasters had indicated, that would mean revenues would be higher than they were noted in the budget. When that would take its course, whether at the end of the year

Finance committee  It's a very good question. Unfortunately, we haven't looked at debt repayment or the capacity to repay at an individual or family kind of specific level.

Finance committee  Typically, most of the macro models we look at would generate the result whereby, if lower income families received an increase in government transfers, it would more likely be spent rather than saved. It wouldn't be paying down debt but would be spent on consumer goods and servi

Finance committee  That's a good question and one which we didn't focus on in terms of trying to disentangle. There are several factors that are contributing to that increase in indebtedness. I see that with some lower interest rates and the higher housing prices that are fed by that, but also thro

Finance committee  You're right in that taxes are taken out of there. What's not taken out are those mortgage payments, or even the interest payments. This is the amount that would be used to go toward paying those interest charges or mortgage payments.

Finance committee  Yes.

Finance committee  Yes, all else being equal in an accounting sense, that would happen. In our report, what we were trying to flag was the shock in the labour market. For whatever reason, if there were an increase in unemployment or a weaker wage growth, then that would contribute to the stretching

Finance committee  Our motivation really was that the issue of household indebtedness had been flagged by both the Government of Canada as well as the Bank of Canada. We wanted to contribute to the analysis in highlighting one of Statistics Canada's recent data indicators on this, and that is the h

Finance committee  Are you referring to the “Financial System Review” that was released this morning?

Finance committee  No, I haven't read it, but that's definitely one of the documents that I follow closely.

Finance committee  In terms of the financial indicators that are released by Statistics Canada, I think that their debt service ratios as well as their debt-to-income ratios and their leverage ratios, their debt-to-asset ratios, that they publish are a good place to start. As well, I think document

Finance committee  Yes. In preparing our estimates of the job impact, we followed Finance Canada's mapping of the measures into the targeted sectors, and so in preparing those estimates we have a jobs impact by high-level sector. If it was measures to support low- and modest-income households, ther

Finance committee  We have the breakdown by the targeted area, but we don't have results by sector or by geographic region.

Finance committee  Let's say sectors such as the manufacturing sector or agriculture. Our model is a very highly aggregated macro model.

Finance committee  We have estimates of the impact on the employment level for the entire Canadian economy, and we're able to link those job numbers with the measures that were proposed, using Finance's mapping showing whether the increased spending is going to show up in investment in non-resident