TORONTO—The federal government’s plan to impose a $170 per tonne carbon tax in place nationally by 2030 will result in just under 99,000 fewer jobs in Ontario, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“The federal government has said the higher carbon tax will have ‘almost zero’ impact on the economy, but in fact, a tax of that magnitude will have significant effects on the economy and on Canadian workers across the country, including in Ontario,” said Ross McKitrick, a Fraser Institute senior fellow and author of Estimated Impacts of a $170 Carbon Tax in Canada.
