Boost to seniors benefit this summer and beyond could cost $10.7 billion, PBO says

Boost to seniors benefit this summer and beyond could cost $10.7 billion, PBO says

Parliamentary Budget Officer Yves Giroux waits to appear before the Commons Finance committee on Parliament Hill in Ottawa, Tuesday March 10, 2020. THE CANADIAN PRESS/Adrian Wyld OTTAWA — The parliamentary budget officer is estimating the Liberals’ plan to send one-time payments this summer to seniors over 75 and then boost their old-age benefits thereafter will cost slightly less than the government estimates.

April’s budget estimated that the overall cost of the measures would amount to just over $12 billion over five years before accounting for tax revenues that will offset a small part of the overall spend.

The budget office in […]

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