THE COST OF TRUDEAU'S CARBON TAX

Prime Minister Justin Trudeau’s carbon tax of $170 per tonne of greenhouse gas emissions by 2030 will cost more than 200,000 Canadian jobs and $1,800 annually in less income for the average worker, according to a study by the Fraser Institute.

The study — Estimated Impacts of a $170 Carbon Tax in Canada — by Ross McKitrick and Elmira Aliakbari, also concludes Trudeau’s carbon tax will cause a 2.1% drop in Canada’s Gross Domestic Product (GDP).

 That would result in a loss to the economy of $44.1 billion (in 2019 dollars) and increase government deficits by $24 billion annually.

The study disputes the government’s claim the carbon tax will create more jobs than it eliminates.