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

Nine new COVID-19 cases announced in Interior Health region

The total number of cases since the pandemic started is now at 531 for the region

Unofficial holidays: Here’s what people are celebrating for the week of Sept. 27 to Oct. 3

World Farm Animals Day, Drink Beer Day and Virus Appreciation Day are all coming up this week

Two new COVID-19 cases reported in Interior Health

The total number of Interior Health cases since the beginning of the pandemic is now at 522

Greens, Liberals, NDP field Fraser-Nicola candidates ahead of October election

Incumbent Jackie Tegart has two opposing candidates after snap election called Monday

Work has started on 20 units of seniors’ housing in Clinton

Much-delayed project has been in the works for almost a decade

Weekend sees 267 cases, 3 deaths in B.C.; Dr. Henry says events leading to COVID spread

There are currently 1,302 active cases in B.C., while 3,372 people are under public health monitoring

Lightning strike: Tampa Bay blanks Dallas 2-0 to win Stanley Cup

Hedman wins Conn Smythe Trophy as playoff MVP

Liberals seek to fast track new COVID-19 aid bill after CERB expires

Government secured NDP support for legislation by hiking amount of benefits by $100 to $500 per week

B.C. VOTES 2020: Echoes of HST in B.C. debate over sales tax

Cannabis, tobacco, luxury cars still taxed in B.C. Liberal plan

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

She warned her son about toxic drugs, then he was dead

Donna Bridgman’s son died at the age of 38 in Vancouver

B.C. food and beverage producers set record sales in 2019

Farmed salmon again leads international exports

Most Read