The Canadian Taxpayers Federation (CTF) has called on the federal government to scrap its second carbon tax following the release of documents showing it will cost the economy $9 billion by 2030.
The second carbon tax is embedded within the Clean Fuel Regulations (CFR), which took effect in 2023.
“This is another government report that shows carbon taxes are a big drag on the economy that Canadians can’t afford,” said CTF Federal Director Franco Terrazzano in a Tuesday press release.
“The second carbon tax alone will cost average families hundreds and even thousands of dollars.”
The CFR requires producers to reduce the carbon content of their fuels. If producers cannot meet the requirements, they must purchase credits, increasing costs that are passed onto Canadians purchasing gas or diesel.
Canadian government documents show the second carbon tax will lead to an overall GDP decrease of up to $9 billion in 2030.
The documents were tabled by Environment and Climate Change Canada in the House of Commons because of an order paper question filed by Conservative MP John Barlow (Foothills, AB).
Environment and Climate Change Canada determined the first carbon tax will cost the Canadian economy $30 billion by 2030.
The Parliamentary Budget Officer (PBO) estimated the second carbon tax will cost the average household between $384 and $1,157 in 2030 depending on the province.
“Canada’s own emissions are not large enough to materially impact climate change,” said the PBO.
The PBO said the second carbon tax will increase the price of gas by up to 17 cents per litre and the price of diesel up to 16 cents per litre by 2030.
“Prime Minister Justin Trudeau can make life more affordable and help our economy by scrapping his carbon taxes,” said Terrazzano.
LFX Associates said in 2022 the CFR will lead to Canadian workers spending more than $1,200 per year on average.
“The direct and indirect economic costs to households add up to $1,277 annually per employed person,” said LFX Associates.
“This takes into account increased energy costs, lower wages, lower capital earnings and increased indirect costs throughout the rest of the economy.”
https://www.westernstandard.news/alberta/taxpayer-watchdog-says-feds-should-scrap-second-carbon-tax/57969
I posted this here on May 7 and thought it was done "Went to public library to do my census and consistent with the luck I have got the long form. About 70 WOKE questions and questions that are none of their business IMHO as they don't care about real Canadians. I just filled out the number of residents as it is starred and then just kept hitting next until the end. Had a 15 minute timer and it took me 15 minutes. Could leave comments but by then out of time and patience. 🤮"
Imagine my surprise when a census worker showed up at my door yesterday because I hadn't done. She knew I had the long form and had it with her for us to complete and I told her when and where I filled out, even approximate time of day, and she asked for confirmation code so went to work trying to find. When you are rushed naturally can't find so said that I couldn't find. Found as soon as she got back to her car and showed her before she drove off. I can't hate this country enough as I know that because I only ...
