OTTAWA — Canadians are set to receive carbon pricing rebates Tuesday, as the Liberals defend one of their most embattled policies.
The government says this is the first time all banks will label the payment as the Canada Carbon Rebate, after years of inconsistent and vague phrasing on bank statements.
Economists are widely in favour of carbon pricing, arguing it is the most cost-effective way to reduce emissions, but the Liberals' policy is facing pushback at the provincial and federal levels, with the Conservatives calling for a"carbon-tax election" to bring down the cost of living. Ottawa sends the rebates to offset what people pay in carbon pricing when they buy fuel so they're not less worse off as a result.
British Columbia, Quebec and Northwest Territories have their own carbon pricing system for consumers so residents there don't receive the federal payment. Yukon and Nunavut use the federal system but have an agreement to distribute the proceeds themselves.He also says, though, that the economic impact of carbon pricing could lower wages over time, erasing that benefit for some Canadians. The government argues that climate change itself can cause economic harm if it is left unchecked.
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