KAWARTHA LAKES-The Canadian Taxpayers Federation is sounding the alarm on the July 1 increase to the Carbon Tax in Canada and they are calling on Prime Minister Justin Trudeau to back away from the planned increase.
“Canadians need another carbon tax like we need a kick in the head,” Franco Terrazzano, Federal Director of the CTF, said. “The Parliamentary Budget Officer is clear: Trudeau’s second carbon tax will cost families hundreds of dollars.”
The second carbon tax included in federal fuel regulations is set to take effect this week on July 1. The regulations require producers to reduce the carbon content of their fuels or be forced to purchase credits.
By 2030, the Parliamentary Budget Office (PBO) estimates the second carbon tax will cost the average family in Ontario $495 per year and increase the price of gas by up to 17 cents per litre.
There are no rebates with the second carbon tax and it’s being added on top of the current tax. By 2030, the two carbon taxes will increase the price of gasoline by about 55 cents per litre.
Even the PBO admits “Canada’s own emissions are not large enough to materially impact climate change” and that the second carbon tax is “broadly regressive.”
“Families can’t afford to pay more for a useless tax that won’t help the environment,” Terrazzano said. “If Trudeau truly cares about making life more affordable then he would scrap his carbon taxes.”