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HomeNewsCarbon Tax Hikes Set To Worsen Affordability Crisis In Ontario According to...

Carbon Tax Hikes Set To Worsen Affordability Crisis In Ontario According to Canadian Taxpayers Federation

KAWARTHA LAKES-The Canadian Taxpayers Federation report released today shows what current gas prices would cost Canadian drivers with a $170 per tonne carbon tax and the federal government’s second carbon tax.

“Drivers in Ontario are facing the highest gas prices on record, but the Trudeau government’s carbon tax plans will make today’s gas prices seem like a fond and distant memory,” said Jay Goldberg, Interim Ontario Director with the CTF. “Under the Trudeau plan, gas prices will soar to nearly $2 per litre. Ontarians will face an even worse affordability crisis if the federal government doesn’t change course.”

The federal government plans to increase its carbon tax from $40 per tonne today to $170 per tonne in 2030. That would translate to the current 9 cent per litre carbon tax rising to nearly 40 cents per litre.

The federal government is planning on imposing a second carbon tax through fuel regulations, which could increase the price of gas by up to 11 cents per litre.

When Toronto drivers filled up their tanks at the pumps on Monday, gas prices were $1.46 per litre. With both carbon taxes fully implemented, Toronto drivers would have been paying $1.91 per litre. That’s $145 to fill up a minivan.

“Taxes already cost Canadians big time at the pumps and that tax bill will only grow with carbon tax hikes,” said Franco Terrazzano, Federal Director with the CTF. “Politicians looking to improve affordability must provide tax relief at the pumps and that starts with scrapping the carbon tax.”

The Canadian Taxpayers Federation is a federally incorporated, not-for-profit citizen’s group that says they are dedicated to lower taxes, less waste and accountable government.

 

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