Federal layout calls for a price on carbon pollution of $10 per tonne in 2018
The Canadian Crush Posted: Dec 12, 2017 12:46 PM ET Last Updated: Dec 12, 2017 12:46 PM ET
A new explosion from Parliament’s budget watchdog says carbon pricing in four concerns could net the federal government more than $500 million across two years in GST revenues.
The report by the parliamentary budget officer, out Tuesday, affirms GST revenues from Alberta, B.C., Ontario and Quebec could total between $236 million and $267 million by the end of the bruited about fiscal year next April, and between $265 million and $313 million in the next financial year.
Jean-Denis Frechette’s report says the calculations will pirate Canadians understand the impact of a national carbon pricing policy on yield from the goods and services tax.
The Liberals are expected to introduce legislation next year to countenance the federal government to impose a carbon price on provinces that don’t collect the federal standard on their own.
The federal plan calls for a price on carbon spoiling of $10 per tonne in 2018, increasing by $10 every year to $50 per tonne in 2022.
The Liberals obtain said any revenues generated from the system would stay in the territory or territory where they are generated — a stance provinces have questioned, since the federal administration earns money through the five per cent tax charged in the final charge of a good or service.