A dump truck works near the Syncrude oil sands extraction facility near the city of Fort McMurray, Alta., on June 1, 2014. The parliamentary budget office says most Canadian households will receive more money back from the federal government’s carbon-tax scheme than it will cost them. The assertion is contained in a report published by the PBO this morning, nearly four months after a majority of Canadian voters cast their ballots in favour of parties that favoured a carbon tax. THE CANADIAN PRESS/Jason Franson

Most Canadian households will get more than they pay from carbon tax: PBO

Alberta will receive more than it loses, the report says

The parliamentary budget office says most Canadian households will receive more money back from the federal government’s carbon-tax scheme than it will cost them.

The assertion is contained in a report published by the PBO this morning, nearly four months after a majority of Canadian voters cast their ballots in favour of parties that favoured a carbon tax.

The report says the rebates provided by the federal government to most households in Canada will exceed the amount those same households will have paid in carbon tax.

In the case of Alberta, which has been ground-zero for opposition to the federal carbon tax, the report says every household will receive more in annual rebates from Ottawa than it pays.

However, the report adds that finding does not take into account the province’s own regulations for high-intensity emitters.

The PBO report also says Ottawa will end up raising about $100 million in this fiscal year in additional GST because of the added cost on products from carbon pricing, a figure that will triple by 2022-23.

READ MORE: ‘Greatest existential threat of our time:’ Ottawa makes carbon tax case in court

The Canadian Press


Like us on Facebook and follow us on Twitter.

carbon tax

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The Musical Life of Marlene Nash

Pictured above: Marlene Nash re-enacts one of her winning numbers from the… Continue reading

Town of Creston gets grant to ‘undevelop’ reservoir site

By Lorne Eckersley A last minute grant application earlier in the winter… Continue reading

Organic waste pick-up expected by 2022 in RDCK

But there are many unanswered questions in Nelson about cost and details

Nelson and RDCK both eyeing waste wood to produce energy

Nelson’s five-year-old business plan will resurface at council table this summer

First presumptive case of coronavirus identified in the Interior Health region

The woman, in her 30s, travelled from Shanghai and lives in the interior

Pipeline dispute: Tories put no-confidence motion on House of Commons agenda

Conservatives say they have no confidence in the Trudeau government to end the rail blockades

B.C., federal ministers plead for meeting Wet’suwet’en dissidents

Scott Fraser, Carolyn Bennett says they can be in Smithers Thursday

Province shows no interest in proposed highway between Alberta and B.C.

Province says it will instead focus on expanding the Kicking Horse Canyon to four lanes

First case of COVID-19 in B.C. has fully recovered, health officer says

Three other cases are symptom-free and expected to test negative soon

A&W employees in Ladysmith get all-inclusive vacation for 10 years of service

Kelly Frenchy, Katherine Aleck, and Muriel Jack are headed on all-expenses-paid vacations

Via Rail lays off 1,000 employees temporarily as anti-pipeline blockades drag on

The Crown corporation has suspended passenger trains on its Montreal-Toronto and Ottawa-Toronto

Budget 2020: Weaver ‘delighted,’ minority B.C. NDP stable

Project spending soars along with B.C.’s capital debt

Stroke survivors lean on each other in Nelson

‘I’ve learned more about strokes from being in the group than I did from anyone else’

B.C. widow ‘crushed’ over stolen T-shirts meant for memorial blanket

Lori Roberts lost her fiancé one month ago Tuesday now she’s lost almost all she had left of him

Most Read