Federal government stands to make $280M from GST on carbon taxes in B.C., Alberta: report - News Summed Up

Federal government stands to make $280M from GST on carbon taxes in B.C., Alberta: report


OTTAWA — The federal government stands to raise as much as $280 million in revenue off provincial carbon taxes in Alberta and B.C. In April 2016, the Canada Revenue Agency said provincial carbon taxes would be subject to GST. “That’s always been the case.”Lauzon said revenues raised directly by the carbon tax would remain in the province where they are raised. The GST revenues from carbon taxes could rise significantly once every province has implemented the carbon tax or cap and trade plan by next year. All but Manitoba signed an agreement in December committing them to introducing a carbon price.


Source: National Post April 18, 2017 21:45 UTC



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