Department of Finance Canada
Today, the Department of Finance Canada released its annual estimates of the fiscal cost of federal tax measures in the 2022 Report on Federal Tax Expenditures-Concepts, Estimates and Evaluations. In addition to providing transparency as to Canada's tax system, this year's report contains four analytical papers, including an economic evaluation of the government's emergency wage subsidy programs, which have protected over 5.3 million Canadian jobs through the worst of the pandemic.
The release of today's report coincides with the tabling of the Main Estimates in the House of Commons by the President of the Treasury Board.
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