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

Rampage up against the wall

River Kings defeat Rampage in Game 1 of CIHL best-of three semi-finals

Wet’suwet’en pipeline supporters speak up

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

Rainmakers take on defending champs in opening round of Jr. Boys Basketball championships

Prince Rupert basketball club to take on province’s best in Langley on Saturday

We stand with the Wet’suwet’en First Nation

Blockades, demonstrations do not represent the majority, grievances hijacked by special interest groups

Confusion surrounds terms of RCMP withdrawal from pipeline construction area

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

VIDEO: 2020 BC Winter Games wrap up in Fort St. John as torch passes to Maple Ridge

More than 1,000 athletes competed in the 2020 BC Winter Games

‘A long way to go’: UNBC hosts Moose Hide Campaign gathering on Feb. 24

The event is a part of a movement to stand up against violence inflicted on women and children

Still six cases of COVID-19 in B.C. despite reports of Air Canada passenger: ministry

Health ministry wouldn’t comment on specific flight routes

Violent ends to past Indigenous protests haunt Trudeau government

Trudeau adopted a more assertive tone Friday, insisting the barricade must come down

HIGHLIGHTS: Day one and two at the 2020 BC Winter Games

Athletes had sunny – but cold – weather to work with in Fort St. John

B.C. money laundering inquiry to begin amid hopes for answers, accountability

Eby argued that most B.C. residents already know the previous government, at best, turned a blind eye

Blockades remain in place as Wet’suwet’en hereditary chiefs returning to B.C.

Hereditary Chief Woos said they are ready to engage in nation-to-nation talks with the B.C.

Most Read