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Op/Ed: The carbon tax is unaffordable

by Kris Sims Canadian Taxpayers Federation on Wednesday Dec 16 2020 The Canadian Taxpayer Federation said this hike will put the carbon tax up to more than 37.5 cents per litre for gasoline, 45 cents per litre for diesel and 32.8 cents per cubic metre for natural gas. Canadians can’t afford to pay an extra $27 each time they fill up their minivans, but that’s what it will soon cost as Prime Minister Justin Trudeau jacks up his carbon tax. The feds made the announcement Friday that they will hike the federal carbon tax to $170 per tonne by the year 2030. What would that mean for everyday household budgets across Canada?

Federal Carbon Tax Hike Raises Ire

Federal Carbon Tax Hike Raises Ire News Analysis The federal government’s plan to hike carbon taxes contradicts earlier assurances and will hinder economic recovery, say critics. Prime Minister Justin Trudeau and several Liberal ministers made the surprise announcement on Dec. 11, a day after Trudeau met with the provincial premiers. Philip Cross, senior fellow at the Macdonald-Laurier Institute, said it’s a bad time to announce tax hikes when Canada’s GDP is still below the pre-COVID level in February. “We’re still in deep trouble economically. The last thing we need is a punitive hike in gasoline prices. And it wouldn’t just be gasoline prices the carbon tax applies to all forms of fossil fuels,” Cross said in an interview.

Could a work-from-home tax take off in Canada? | Investment Executive

Greg Dalgetty In November, Frankfurt-based Deutsche Bank released a paper arguing that Covid-19 has made the need for a tax on remote workers “obvious.” The premise behind the proposed tax is simple: remote workers who usually are higher-income earners have benefited financially from Covid-19 by not having to pay for a daily commute, dry cleaning, lunches out, etc. Meanwhile, low-income earners have, in many cases, lost their jobs or can’t work remotely and have endured a higher level of risk during the pandemic. “Those who can [work from home] receive direct and indirect financial benefits and they should be taxed in order to smooth the transition process for those who have been suddenly displaced,” the Deutsche Bank paper proposed.

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