If B.C.'s carbon tax rates are the same as the federal government's, why do British Columbians pay more?
Carbon taxes go up April 1 across Canada, from $65 per tonne of CO2 to $80 per tonne, except in Quebec, but British Columbians will still generally pay more, due to the fact less carbon tax revenue gets kicked back to consumers in the form of rebates than elsewhere in Canada.
The federal tax was originally lower than B.C.’s carbon tax, but has since caught up, and the prices are now harmonized at the same rates -- $65 per tonne in 2023, rising to $80 per tonne April 1. Binda notes that, for the 2024-25 fiscal year, the B.C. budget expects to raise $2.56 billion in carbon tax revenue, and projects to spend $1 billion on rebates.
“The federal government’s carbon tax rebates aren’t income tested – in B.C. they are,” Binda said. “And that’s a big issue with how it’s administered here in B.C. because of how low the income thresholds are. But he should be, according to a Leger poll commissioned by the CTF. The poll found 73 per cent of British Columbians want Eby to join the seven other premier in calling for a halt to the April 1 carbon tax hike.
Canada-wide, emissions have fallen nearly eight per cent since the federal carbon tax went into effect, according to a letter signed by more than 100 Canadian economists – most of them academics – who support carbon taxes.
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