Car­bon re­bate will be more than car­bon tax

Prairie Post (East Edition) - - Farm News - SOUTH­ERN AL­BERTA NEWS­PA­PERS

(CP) Canada’s bud­get watch­dog agrees with the federal govern­ment’s claim that Cana­di­ans are going to get more from the cli­mate change tax re­bate than they are pay­ing in car­bon tax.

The federal govern­ment im­ple­mented a fuel sur­charge this month of $20 per tonne of emis­sions in the four prov­inces (Saskatchew­an, Man­i­toba, On­tario, New Brunswick) that have not en­acted car­bon­pric­ing sys­tems of their own. In 2022-23, when the price hits $50 a tonne, the rev­enues will climb to $5.8 bil­lion from the fuel charge and $448 mil­lion from large emit­ters. Ottawa has com­mit­ted – and has now writ­ten into law – that 90 per cent of the rev­enues col­lected from the fuel charge will be returned to in­di­vid­ual house­holds in the prov­inces where the rev­enues were raised. The PBO re­port says over the next five years all but the wealth­i­est 20 per cent of Cana­dian house­holds will get more back from the re­bate than they will pay in car­bon tax.

In Sask. , the av­er­age house­hold is ex­pected to pay $425 in car­bon tax this year, and will get $598 back from the re­bate. The wealth­i­est in Sask. will pay be­tween $13 and $50 more in car­bon tax than they re­ceive from the re­bate. The low­est-in­come fam­i­lies will get $70 more than they pay in Saskatchew­an.

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