Cost Estimate for Bill C-399 “Fairness for Persons with Disabilities Act”
The Parliamentary Budget Officer (PBO) supports Parliament by providing economic and financial analysis for the purposes of raising the quality of parliamentary debate and promoting greater budget transparency and accountability.
Using data from a time-use survey conducted byStatistics Canada, the Parliamentary Budget Officer estimates that under the changes that the Fairness for Persons With Disabilities Act would make, 35,000 Canadians will become eligible for the Disability Tax Credit.
Bill C-399 is expected to:
Cost the federal government $39 million annually consisting of:
$25 million annually in reduced income tax revenue
$0.4 million annually in working income tax benefit supplements, and
$13 million annually in Registered Disability Savings Plan related tax and program expenditures which will rise with increasing adoption;
Cost the provinces $9 million annually in reduced income tax revenue; and,
Provide an average of $2,140 in benefits per person for each tax year.