It took some poking and prodding and (finally) committee testimony, but now we know what the bill will be for Prime Minister Justin Trudeau’s carbon tax. In a report to the Senate Standing Committee on Energy, the Environment and Natural Resources, University of Calgary economics professor Jennifer Winter revealed the bottom line of the Trudeau Carbon Price.
Using energy-consumption data from Statistics Canada, and imputing prices from average household expenditure on transportation fuels and provincial gasoline prices, Winter calculated the impact of the carbon tax on a typical Canadian household across different provinces. Far from being painless as advertised, the costs to households will be significant.
Three provinces — Alberta, Saskatchewan and Nova Scotia — will be hit with more than $1,000 of carbon tax per year to comply with the $50-per-tonne carbon tax Ottawa has mandated for 2022. Nova Scotia ($1,120) and Alberta ($1,111) will have the highest bills, followed by Saskatchewan ($1,032), New Brunswick ($963), Newfoundland ($859) and Prince Edward Island ($788). The average household in Ontario will pay $707 a year to comply with the carbon tax once its fully implemented.
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