Friday, November 2, 2018

CARBON PRICE NOT EXEMPT FROM GST

   The federal government’s impending national carbon price could bring in more than $250 million in GST revenues next year but Ottawa doesn’t intend to account for those funds in its rebate program.
   Conservative MP Mark Warawa said the government is not being honest about the whole picture because it refuses to acknowledge the GST is being paid on top of the carbon price.
   “For it to be revenue neutral it would have to be GST exempt,” Warawa said.
 Warawa introduced a private members bill last year to exempt the carbon price from the GST but it was defeated. Warawa said as it stands this a “tax on tax” scheme.

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