Beginning on April 1, 2018, the government increased it by another $5, raising it to $35 a tonne. It started off at $10 per tonne in 2008 with a planned increase of $5 per tonne over four years. "That's the intent - but I think it remains to be seen how it's going to play out."ī.C. "The intent is to neutralize that concern people have about 'Is this going to cost me too much?' by giving all the money back to people," said Nic Rivers, professor and Canada research chair in climate and energy policy at the University of Ottawa. The federal government said 90 per cent of the carbon tax revenue collected will go back to households in the affected provinces and territories through Climate Action Incentive payments the remaining 10 per cent will go to hospitals, schools and businesses in order to help develop greener solutions. Prime Minister Justin Trudeau speaks to the media and students at Humber College regarding his government's new federally imposed carbon tax in Toronto on Tuesday, October 23, 2018. But supporters say the tax has to be high enough to dissuade people from making choices that cause emissions in the first place. Opponents say a carbon tax is a cash-grab by the government that will cost taxpayers dearly. The idea of a carbon tax is straightforward - a price is levied on each tonne of emissions from fossil fuel sources, be it from coal, natural gas, gasoline, etc. "Economists for a long time have been pointing to carbon taxes, or carbon pricing, as the most efficient or most cost-effective way to reduce greenhouse gas emissions," Tombe said. University of Calgary associate professor of economics Trevor Tombe agrees. V40m6YBopF- Nobel Prize-winning economist Paul Romer says carbon taxes are the solution to climate change. The Trudeau carbon tax will force our seniors to pay more for home heating in cold winters, make parents pay more to fill up their car when they drive their children to and from soccer practice, and force small business owners to think twice before hiring additional staff. Trudeau made the announcement at Humber College, in Ford's riding of Etobicoke. It's a plan not everyone agrees with, particularly Ontario Premier Doug Ford. Saskatchewan, Manitoba, Ontario, New Brunswick, Yukon and Nunavut will have to pay a tax of $20 per tonne of emissions. The tax will increase by $10 a year until it reaches $50 per tonne by 2022, but most of it will be returned to residents in the form of rebates - which for many Canadians will be more than what it will cost them, the government said. "And we're also going to help Canadians adjust to this new reality."
#CARBON TAX FREE#
"Starting next year, it will no longer be free to pollute anywhere in Canada," Prime Minister Justin Trudeau said. On Tuesday, the federal government announced a carbon tax on the provinces and territories that did not sign on to the pan-Canadian framework on climate change. Many experts agree that a carbon tax is the cheapest way to reduce greenhouse gas emissions, but the jury is out on whether the Canadian government's new plan will achieve that in a major way.
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