A dump truck works near the Syncrude oil sands extraction facility near the city of Fort McMurray, Alta., on June 1, 2014. The parliamentary budget office says most Canadian households will receive more money back from the federal government’s carbon-tax scheme than it will cost them. The assertion is contained in a report published by the PBO this morning, nearly four months after a majority of Canadian voters cast their ballots in favour of parties that favoured a carbon tax. THE CANADIAN PRESS/Jason Franson

Most Canadian households will get more than they pay from carbon tax: PBO

Alberta will receive more than it loses, the report says

The parliamentary budget office says most Canadian households will receive more money back from the federal government’s carbon-tax scheme than it will cost them.

The assertion is contained in a report published by the PBO this morning, nearly four months after a majority of Canadian voters cast their ballots in favour of parties that favoured a carbon tax.

The report says the rebates provided by the federal government to most households in Canada will exceed the amount those same households will have paid in carbon tax.

In the case of Alberta, which has been ground-zero for opposition to the federal carbon tax, the report says every household will receive more in annual rebates from Ottawa than it pays.

However, the report adds that finding does not take into account the province’s own regulations for high-intensity emitters.

The PBO report also says Ottawa will end up raising about $100 million in this fiscal year in additional GST because of the added cost on products from carbon pricing, a figure that will triple by 2022-23.

READ MORE: ‘Greatest existential threat of our time:’ Ottawa makes carbon tax case in court

The Canadian Press


Like us on Facebook and follow us on Twitter.

carbon tax

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

CGL must revise impact assessment on Unist’ot’en Healing Center

Environmental Assessment Office not satisfied with report’s shortcomings

Wet’suwet’en hereditary chiefs call for end of police patrols

Temporary closure of field office not enough to meet demands

Confusion surrounds terms of RCMP withdrawal from pipeline construction area

B.C. Deputy Commissioner clarifies terms of agreement following minister’s statements

Stop checks, searches of Wet’suwet’en pipeline opposers unlawful: Watchdog

Wet’suwet’en hereditary chiefs, the B.C. Civil Liberties Association, Union of B.C. Indian Chiefs file complaint

Wet’suwet’en pipeline supporters speak up

“Protesters get one side of the story and they stand up with their fists in the air.”

VIDEO: B.C.’s seventh coronavirus patient at home in Fraser Health region

Canada in ‘containment’ as COVID-19 spreads in other countries

B.C. takes over another Retirement Concepts senior care home

Summerland facility latest to have administrator appointed

Prescription opioids getting B.C. addicts off ‘poisoned’ street drugs

Minister Judy Darcy says Abbotsford pilot project working

Royals, Elvis, Captain Cook: Hundreds of wax figures find new life in B.C. man’s home

Former director of Victoria’s Royal London Wax Museum still hopes to revive wax figure tourism

Teck CEO says Frontier withdrawal a result of tensions over climate, reconciliation

Don Lindsay speaks at mining conference, a day after announcing suspension of oilsands project

Okanagan man swims across Columbia River to evade Trail police

RCMP Cpl. Devon Reid says the incident began the evening of Thursday, Feb. 20

‘Hilariously bad’: RCMP looking for couple with forged, paper Alberta licence plate

Mounties said the car crashed when it lost a wheel but the duo ran away as police arrived

UPDATE: Two missing scout leaders found near Sooke after swollen creek traps troop

Third leader and scouts located, prior to search for two leaders who’d gone for help

Most Read