The carbon price for individuals and small businesses will increase by $15 per tonne of greenhouse gases emitted by each fuel, to a total of $65 per tonne. cdnpoli skpoli climatechange
On July 1, the four Atlantic provinces are joining the federal scheme. They previously had provincial systems that met the federal standard, but that wouldn’t have met the new standards set by Ottawa going forward.
The goal is to encourage people to cut back on their use of greenhouse-gas emitting fuels, while limiting the impact on a household budget through rebates.Article content Each year, the rebates are adjusted up or down in each province depending on whether the amount paid in the previous year was above or below that 90 per cent threshold.
In some provinces, such as Manitoba and Ontario, people at the highest income levels will pay more than they get back, largely because they live in bigger homes and are more likely to drive bigger cars or have multiple vehicles. That had Conservative Leader Pierre Poilievre gloating during the House of Commons question period Thursday. The Conservatives have campaigned against carbon pricing for years, and Poilievre made clear as recently as Wednesday that if they win the next election, the carbon price for individuals will be gone.
However, the net loss figures do not refer to how much people pay in carbon pricing compared to the rebate, but rather the negative hits they may face to employment or investment income as a result of the policy.Article content
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