Canada Raises Its Carbon Tax To $80 Per Ton

The government has said about 80% of Canadians are getting more from the rebates than they pay in carbon pricing.
April 2, 2024

Also see:

The national tax on carbon pollution in Canada has just been increased, along with the money the government sends back to Canadians. The price per metric ton of CO2 went up from $65 to $80.

It’s important to note that this increase does not apply equally everywhere in the country.

Residents of Quebec, the territories, and British Columbia have their own separate systems and don’t receive federal rebates.

In the rest of Canada, people will pay a bit more for fuel due to the higher carbon price.

Relevant: Canada Unveils New Carbon Management Strategy

To help offset this cost, the federal government gives rebates to families and individuals. These rebates, recently renamed the Canadian Carbon Rebate, have also increased.

To get a rebate, residents need to file their income taxes, after which the money is sent to their bank account electronically or mailed as a check.


Read the full post at Carbon Herald.

Previous Story

British Columbia’s LNG Bet Risks Economy, Climate Goals, Report Warns

black and silver car on parking lot
Next Story

Demand For EVs Is Still Outpacing Plug-In Hybrids: Report