Canada’s parliamentary budget officer says the average family in the seven provinces where Prime Minister Justin Trudeau’s carbon tax now applies will pay hundreds of dollars more in carbon taxes this year than they get back in rebates.
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With Trudeau’s carbon tax increasing by 30% to $65 per tonne of greenhouse gas emissions from $50 per tonne on April 1, Yves Giroux reported Thursday that: “When both fiscal and economic impacts of the federal fuel charge are considered, we estimate that most households will see a net loss, paying more in fuel charges and GST as well as receiving lower incomes, compared to the climate action incentive payments they receive and lower personal income taxes they pay.”
Giroux estimates the net cost for an average household in Ontario this year will be $478, rising annually to $1,820 in 2030 when the carbon tax hits $170 per tonne.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account Get exclusive access to the Ottawa Sun ePaper, an electronic replica of the print edition that you can share, download and comment onSupport local journalists and the next generation of journalistsSubscribe now to read the latest news in your city and across Canada.
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