GST on carbon tax will cost Canadians half a billion dollars this year: report

By Alex Dhaliwal

 

Finance Minister Chrystia Freeland claimed in 2022 that the federal government earns no revenue on the carbon tax, stating, ‘All the money goes back to Canadian families.’ However, a federal briefing note indicates that charging GST on the carbon tax increases government revenues by $486 million in 2024.

The Trudeau Liberals are expected to collect nearly half a billion dollars in GST on the carbon tax this year, contradicting the claim that it is ‘revenue neutral.’

A federal briefing note by the Parliamentary Budget Office (PBO) says exempting the carbon tax from the GST would reduce federal tax revenues by $486 million in 2024. By the end of the decade, revenues would total $1 billion, reported Blacklock’s Reporter.

On a provincial basis in decreasing order, GST charges will cost $182 million in Ontario this year followed by Alberta ($96 million), Québec ($77 million), British Columbia ($58 million), Saskatchewan ($29 million), Manitoba ($18 million), Nova Scotia ($10 million), New Brunswick ($7 million), Newfoundland and Labrador ($6 million) and Prince Edward Island ($1 million).

On Tuesday, the Canadian Taxpayers Federation (CTF) called on the Trudeau Liberals to ax its tax-on-tax and save Canadians hundreds of millions annually.

“Prime Minister Justin Trudeau and his ministers are having a retreat in Montreal trying to figure out how to make life more affordable,” said Franco Terrazzano, CTF Federal Director. “Here’s an idea: they could save Canadians real money right now by picking up the PBO report and ending their tax-on-tax,” he added.

The carbon tax costs the average family upwards of $710 a year after rebates, according to a separate PBO report.

With the carbon tax set to keep costing Canadians more, Environment Minister/convicted criminal Steven Guilbeault makes a weak defence of the Trudeau Liberals' policy.

Listen to his response (and tell the Liberals "enough" at https://t.co/PHR7jF0lJM) pic.twitter.com/IyQwPKHuDf

— Rebel News (@RebelNewsOnline) April 3, 2023

Moreover, Finance Minister Chrystia Freeland has repeatedly claimed that her government earns no revenue on the carbon tax.

“Our price on pollution is revenue neutral,” she told the Commons in 2022. “All the money goes back to Canadian families.”

Freeland repeated the claim in the finance committee that year. “The money is returned directly to Canadian families,” she said.

Last October 4, Conservative MP Alex Ruff sponsored Bill C-358, An Act To Amend The Excise Tax Act, to eliminate GST charges on the carbon tax…

READ FULL ARTICLE HERE… (rebelnews.com)

 

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