Ottawa's carbon tax hike out of step with global reality
Now more than ever, Canadian taxpayers need relief. With carbon tax burdens declining around the globe during the COVID-19 crisis, walking back the recent carbon tax hike should be a no-brainer for our federal government
By Canadian Taxpayers Federation -- Aaron Wudrick, Federal Director, Franco Terrazzano, Alberta Director—— Bio and Archives--May 19, 2020
Canadian News, Opinion | Comments | Back To Full Article
Prime Minister Justin Trudeau has chosen to make life more expensive by increasing the federal carbon tax by 50 per cent amidst the COVID-19 economic and health crisis. Meanwhile, governments around the world are moving in the opposite direction because hiking taxes during a global pandemic is a bad idea.
Provinces have already tapped the breaks on their own carbon tax hikes. British Columbia Premier John Horgan announced that he would not be going forward with his planned April 1 carbon tax hike. Instead of mirroring the federal carbon tax hike, Newfoundland and Labrador is maintaining its tax at $20 per tonne. The price of carbon allowances in the Quebec-California cap and trade system have also fallen due to COVID-19 and the current macroeconomic realities.
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