Ontario now has a carbon tax on industry. What will Doug Ford’s government do with the revenue? IG News

It marks the transition from the federal program for industrial carbon pricing that has been put in place by Ottawa since 2019 when the Ford government scrapped Ontario’s cap-and-trade system. Ford and his government have been opposed to all forms of carbon pricing since taking office in 2018. The Trudeau government collects revenue in Ontario, Alberta, Saskatchewan and Manitoba, passing it back to taxpayers in those provinces through income tax rebates. The industrial carbon pricing revenue the federal government has collected in Ontario since 2019 is Determined For clean technology projects to help industries in the province reduce emissions. “Revenue from carbon pricing should be spent on clean economy initiatives,” Wang said in an interview.