this post was submitted on 05 Dec 2023
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Household impact of Canada axing the carbon tax (www.cbc.ca)
submitted 8 months ago by [email protected] to c/[email protected]
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If Canada axed its carbon tax– and rebates- this is how different households would gain or lose.

High-income households would tend to be the biggest winners, lower-income households hurt the most

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[–] [email protected] 8 points 8 months ago

Cutting/deferring carbon taxes is such a bad idea. It sends the wrong message. There should be no exemptions. This is the cost per tonne of carbon. Period.

What Trudeau did is fundamentally against why the Carbon tax is considered to be one best means to reduce carbon emissions. And to top it off he did it for one of the worst heating fuels.

This tax has been praised as “a far better way to control pollution than the present method of specific regulation.”[66] It has also been lauded for its market based simplicity. This includes a description as “the most efficient way to guide the decisions of producers and consumers”