Tax on Share Buybacks to Raise $3 Billion in Government Revenue Over Five Years: PBO

Parliamentary Budget Officer Yves Giroux waits to appear before appearing at the Senate Committee on National Finance in Ottawa on Oct. 25, 2022. The Canadian Press/Adrian Wyld

The parliamentary budget officer says the federal Liberals’ planned tax on corporate share buybacks will raise $3 billion in government revenue over the next five years.

A new report prepared by Yves Giroux’s office assesses the projected impact of the tax on government finances between the 2023-24 and 2027-28 fiscal years.