Feds underestimate revenue loss from tax cuts, PBO says

Whereas the government projected that 1.1 millions Canadians will no longer be paying federal taxes, the PBO puts that figure at 900,000.

Parliamentary Budget Officer Yves Giroux estimates that the feds' tax cuts will result in $6.9-billion in lost revenue. The Hill Times file photograph by Andrew Meade

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BY BEATRICE PAEZ

January 28, 2020

Ottawa has underestimated the cost of its tax cut by nearly $1-billion, according to a new estimate of the government’s released by Canada's parliamentary budget officer. In a report released Jan. 28, the PBO estimated that th...

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