PBO: Most Canadians will get more money back from rebate than they pay in carbon tax

CKTB- News- Carbon tax stickers

A report from the parliamentary budget office has good news for most Canadians when it comes to the carbon-tax.

In the report published today, officials say most households will get more money back through the federal rebate than the amount they pay for the tax.

The report states, "In all provinces, the net benefits of the federal carbon pricing system are broadly progressive by income group. That is, lower income households will receive larger net transfers than higher income households."

The report also says Ottawa will end up raising about $100 million this fiscal year in additional GST because of the added cost on products from carbon pricing.

That number stands to triple in the next three years when the price on carbon increases to $50 per tonne.

  • 5PM FEB 25TH

    Niagara IceDogs HC Billy Burke

    The Late Round Table c/ JANICE ARNOLDI (Janice and Robin Digital)

    BILL JANZEN (co-owner, Lost & Found Yoga)

  • 4PM FEB 25TH

    STC councillor Mat Siscoe re: GM lands update and pot smell

    Peter Kimbell Warning Preparedness Meteorologist with Environment Canada

  • 3PM FEB 25TH

    Hot Pocket heiress to be sentenced

    Western Space Director Gordon Osinski