The Trudeau government’s plan includes a target of $170 per tonne.
Ottawa raised $2.6 billion in revenue while only $1.97 billion—or 76 per cent—was rebated to households.
The implicit tax rate of $200 per tonne is quadruple the federal carbon tax ceiling.
The introduction of carbon-pricing should trigger the repeal of emissions-related regulations.
Investment in Canada’s oil and gas sector has declined by 35 per cent.
The carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.
Ottawa raised personal income tax rates on Canadian workers.