The Liberal government's carbon tax comes into effect today in Ontario, Manitoba, Saskatchewan and New Brunswick. In those provinces, Ottawa will be levying new taxes on fossil fuels.
Based on federal figures, the tax in the four non-compliant provinces will result in an approximate cost increase of 4.42 cents a litre for gasoline, 5.37 cents for light fuel oil (home heating fuel), 3.91 cents per cubic metre for natural gas and 3.10 cents per litre for propane.Wow, 20 dollars a tonne. Some sources contend that, to be effective, carbon taxes must reach about 300 dollars a tonne.
It's not just the paltry amount of the tax (even BC is just $35 per tonne) but what is done with the money raised on fossil energy sales.
To compensate for the cost of living increase, the federal government has vowed to return every single dollar it collects in carbon tax to the people in the province in which it was collected — an attempt to make household budgets whole on the money they'll shell out as part of this carbon reduction scheme.
In fact, some Canadians are already set to receive the 'Climate Action Incentive payment', or rebate. It's paid to eligible taxpayers who claim it on their 2018 tax return with the Canada Revenue Agency.For most people it's just moving food around on a plate. You pay at the pump, the government sends you a cheque. The government could do something useful with that money such as investing in climate change adaptation - infrastructure, etc.
The other problem is that climate taxes were a fine idea a decade ago when the British Columbia government first went that route but we're not in 2008 any longer.
The IPCC, hopeless cradle of climate change optimism, has warned if we're to have a decent chance of averting runaway global warming we must achieve a 50 per cent reduction in carbon emissions by 2030. This carbon tax will not take us to that level, not even close. Our government has no plan that would meet that 50 by 2030 requirement. They're not even going to try.