A hypothetical Canada-wide gas tax holiday could cost an estimated $15.2 billion if all levels of government agreed to implement it for one year, according to a release from research firm Government Analytics Story by DanielAJohnson_
The $15.2-billion price tag would include pausing excise taxes and carbon pricing at the federal level as well as provincial and territorial taxes for one year.
“We understand that it would be expensive…but it is really being felt on the ground. It's being felt by small business owners. It's being felt by their staff. It's being felt by regular everyday Canadians and it is affecting their consumer choices,” Mallough said in a video interview. Implementing a full-scale gas tax holiday would provide some relief, said Greg MacDougall, the co-founder of Government Analytics.
Government Analytics used publicly-available figures from various sources and government agencies to estimate the total cost associated with a one-year gas tax holiday. “It's very difficult to get provincial and federal governments to work in alignment on anything. Not all provincial governments are as healthy, or have come out of COVID with as much economic health, as Ontario has,” he said.
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