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Legislation

Scheer says he and PBO on same page on $600-million-plus cost estimate of his bill

By Jolson Lim      

The PBO says Andrew Scheer's proposed tax credit could cost as much as $868.6-million in the first fiscal year in which it would come into effect. The Tories say that's about the same number they estimated.

Conservative leader Andrew Scheer speaks to reporters on May 2 in the House of Commons foyer. The PBO estimated his proposed parental tax benefit would cost at least $607.6-million in its first year. The Hill Times photograph by Andrew Meade

A new report from the parliamentary budget officer estimates Conservative leader Andrew Scheer’s proposed parental tax credit could cost the federal government as much as $868.6-million in the first fiscal year, if implemented—a figure the Conservatives say was close to their own estimate and shows that their costing process is more accurate than the Liberals’.

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