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Ottawa's GST relief plan costs projected at $12.4 billion over five years, per the PBO, slightly above government estimates.
Ottawa’s proposed GST relief plan is projected to cost $12.4 billion over five years, according to the Parliamentary Budget Officer, slightly more than the government’s estimate.
The PBO’s analysis shows annual costs of about $9.2 billion, higher than the government’s $8.6 billion annual projection, though the one-time payment component of $3.1 billion aligns with the government’s figure.
The plan, which would expand the GST credit to over 12 million Canadians, aims to ease rising living costs.
While the government maintains its original cost estimates, the PBO’s report provides an independent fiscal assessment.
Conservative Leader Pierre Poilievre has said his party would support the measure, calling it a temporary solution.
Los costos del plan de alivio del GST de Ottawa se proyectan en $12.4 mil millones en cinco años, según el PBO, ligeramente por encima de las estimaciones del gobierno.