Prime Minister Justin Trudeau’s carbon tax, which rose by 25% to $50 per tonne of greenhouse gas emissions on Friday, doesn’t just increase the cost of gasoline.
The tax, which came into effect in 2019 at $20 per tonne and increases annually on April 1, applies to 22 types of fossil fuel energy.
That’s why the cost of almost everything goes up when the carbon tax increases, because almost all goods and services use fossil fuel energy.
Parliamentary Budget Officer Yves Giroux says 60% of households in the four provinces where the federal carbon tax applies — Ontario, Alberta, Saskatchewan and Manitoba — pay more in carbon taxes than they get in tax rebates.
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