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

Cop who lives in Mission awarded almost $3.2 million for 2 car crashes

Jeffery Neufeldt was injured on the job in collisions in 2013 and 2016

VIDEO: No need to stockpile food says Mission mayor

Pam Alexis records video message to the public

Sex offender charged again less than two months after prison release

Taylor Dueck, who was living in Mission, has history of sex assaults in Abbotsford

Mission’s Abram Wiebe commits to Chilliwack Chiefs

Fraser Valley Thunderbirds product set to join BCHL team for 2020-21 season

MISSING: Mission RCMP searching for Brandon Sakebow

He was last seen on March 22, 2020

B.C. records first at-home death from COVID-19, but 70+ hospital patients have recovered

Total of 970 novel coronavirus cases in B.C., with the majority in the Lower Mainland area

World COVID-19 updates: Putin may be exposed; 30,000 prisoners released

Comprehensive news update from around the world as of Tuesday, March 31.

Canada expands 75% wage subsidy to COVID-19 affected businesses of all sizes: Trudeau

Program will provide up to $847 per week for each worker

‘This is no joke’: B.C. woman in Alberta hospital asks people to stay home during COVID-19

‘I want people to start listening to what the doctors are saying. This is no joke, please stay home’

Rest stops barring washroom access to truckers a ‘huge problem’ as COVID-19 spreads

Teamsters Canada says truckers are increasingly being denied warm meals

Canadians asked to wash mailboxes, keep dogs at bay, to ensure safe mail delivery

Four postal workers in Canada have tested positive for COVID-19 infection:

Hospitality workers hit ‘first and hit hardest,’ says union seeking more support

Union represents workers in hotels, casinos, airports, arenas, universities, schools and remote resource camps

South Surrey hikers discover decades-old campsite hidden in Golden Ears Park

Group reconnects with original campers through social media, returns log book

BC Ferries able to restrict travel for sick passengers

Ferries working on schedule shifts to keep workers safe

Most Read