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Finance committee No, not recently. The last time we did look at the current CPP enhancements that are currently under way for the increase in rates, which would have been back in 2016, we did look at the economic impact, at that juncture, of the requirement to pay additional premiums, but otherwi
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee That's correct.
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee By our calculations, it will go to 11.6 million.
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee We have not done an update to that study. The primary reason we have not done an update to that study is that the Government of Canada and in particular the Canada Revenue Agency have been undertaking a comprehensive study of the tax gap on their own. Based on the quality of tha
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee I think, grosso modo, that would be accurate, only with the caveat that the Government of Canada.... Again, every year for the past 15 years, the one thing you can always expect to see in a budget document is additional money for the Canada Revenue Agency to ensure tax complianc
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Thank you very much for those questions. We are aware of the current situation in Quebec and in other provinces where programs already exist. We are in the process of doing our cost estimate for housing assistance and the dental benefit. We will take into account the current sit
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Thank you very much for those questions. With respect to the effect of inflation on the fiscal framework of the Government of Canada, we published a report on that five or six months ago. There is obviously a positive effect for the Government of Canada. However, the current sit
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Internally we measure it as part of our macroeconomic modelling. We have a macroeconomic model with close to 400 equations. When you drop $2.6 billion into the Canadian economy, which is several trillion dollars, we're able to come up with point estimates or estimates of the infl
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Again, with respect to Bill C-30, we have not looked at its precise impact in terms of the extent to which it's going to alleviate the impact on households and their budgets at this point, nor have we looked at any interaction effect with respect to provincial governments. Nasre
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee That's a good paraphrasing of what my boss said last week at the Senate banking committee.
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Yes.
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee That is a great question, for which we do not, sadly, have an answer, because we did not incorporate administrative costs. One of the major reasons we don't incorporate administrative costs as a part of our cost estimates for these types of measures is that we have found it rang
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee That sounds like a policy question, for which—
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Again, certainly from our perspective, the government has not necessarily presented.... Well, in the past week, the government has not necessarily connected the two measures of the federal carbon levy and the GST credit, so from a policy perspective, it's difficult for us to co
October 3rd, 2022Committee meeting
Jason Jacques
Finance committee Yes.
October 3rd, 2022Committee meeting
Jason Jacques