Canadians will pay a price for our reduced competitiveness—in the form of lower employment and/or investment.
The federal carbon tax imposes a levy on sales of most combustible fuels.
Ottawa has layered its carbon tax on top of many existing supports for other forms of energy.
Canada’s contribution of greenhouse gases comprises only 1.6 per cent of global emissions.
No government in Canada has adopted or long-maintained a genuinely revenue neutral carbon tax.
Gasoline would need to rise to $2.30 per litre.
The Trudeau government plans to apply a range of new regulations.
We don’t have a lot in economics, but we do have prices and the price system.
The federal carbon tax will reach $50 per tonne in 2022.