When Prime Minister Justin Trudeau said in December that now is not the time to raise taxes on Canadians because of the COVID-19 pandemic, he excluded his carbon tax.
That’s because the carbon tax is scheduled to increase by 33% on April 1, up from its current level of $30 per tonne of industrial greenhouse gas emissions to $40 per tonne.
According to the Canada Revenue Agency, this year’s $10 per tonne hike will increase the total federal carbon tax charge for gasoline to 8.8 cents per litre.
The carbon tax is also levied on 21 other fossil fuels, including natural gas used for home heating, light and heavy fuel oil, propane and aviation fuel.
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