We’re finally told what Trudeau’s carbon tax will cost us. Are you sitting down?

We’re finally told what Trudeau’s carbon tax will cost us. Are you sitting down?

Households in Alberta, Saskatchewan and Nova Scotia will be hit with more than $1,000 of carbon tax per year, while those in British Columbia, Quebec and Manitoba will pay around $650.

Using energy-consumption data from Statistics Canada, and imputing prices from average household expenditure on transportation fuels and provincial gasoline prices, Winter calculated the impact of the carbon tax on a typical Canadian household across different provinces. Far from being painless as advertised, the costs to households will be significant.

Three provinces — Alberta, Saskatchewan and Nova Scotia — will be hit with more than $1,000 of carbon tax per year to comply with the $50-per-tonne carbon tax Ottawa has mandated for 2022. Nova Scotia ($1,120) and Alberta ($1,111) will have the highest bills, followed by Saskatchewan ($1,032), New Brunswick ($963), Newfoundland ($859) and Prince Edward Island ($788). The average household in Ontario will pay $707 a year to comply with the carbon tax once its fully implemented.

 

Source URL
https://business.financialpost.com/opinion/and-heres-your-very-small-carbon-bill-canada?video_autoplay=true
Author Name
Kenneth Green

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