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British Columbia introduces carbon tax Answered

VICTORIA -- Driving and other fuel-dependent activities are about to get more expensive as British Columbia becomes the first jurisdiction in North America to introduce a consumer-based carbon tax.

The carbon tax will apply to virtually all fossil fuels, including gasoline, diesel, natural gas, coal, propane, and home heating fuel. B.C.'s carbon tax, the provincial government claims, will be the most comprehensive in the world.

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forgesmith

11 years ago

However, Finance Minister Carole Taylor vowed Tuesday that all money collected through the new tax will be returned through a package of tax cuts and credits.

To help people adjust to the cost of the tax -- which promises to achieve about 7.5 per cent of the government's legislated reductions by 2020 -- all British Columbians will receive a one-time $100 cheque this June.

"We want to bring in the benefits first," said Taylor.

Corporate and personal income tax rates will drop to help make the tax revenue neutral, and lower-income British Columbians will receive an annual climate action credit of $100 per adult and $30 per child.

Overall, the government estimates the carbon tax will bring in revenues of about $1.85 billion over the first three years -- all of which it says will be returned to businesses and individuals.

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To "be green" they want to tax fossil fuels to discourage their use. In a land with relatively high heating costs, they will tax the heating fuels of the old and poor who can barely afford heat now, with alternate energy like solar likely inadequate with the installation unaffordable, offset it with some money at the start which will likely be spent on immediate needs, and (partially) return it with tax credits to people who are short on money year-round. This is to be revenue neutral, in general no one will be hurt as money going in will match money going out, with tax breaks that will help those making enough to pay income taxes, with the government deciding how the money will be returned, as in tax incentives and grants for businesses.

It seems likely the net effect will be to encourage some elderly and poor to not need heating at all. Thus reducing carbon dioxide emissions as planned.

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Goodhart

11 years ago

Another way to make more money while allowing the problem to continue....."and the Band played on....."

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Big Bwana

11 years ago

It's just another tax, it won't stop carbon from being produced, it will just cost more and this will cause a rise in the prices making it so the third world doesn't get there share, and if it makes money in BC the rest of Canada will follow then the rest of the world, Taxes don't solve issues like Global Warming, Just look at smokers they still smoke even though a pack is what 95 % taxes and 5% for the smokes, and smokers know it will kill them and this doesn't stop them, so if you think GW is worrying therm ? your wrong (( unless it affects tobacco crops )) ... People still drive and are driving huge cars, and they tax fuel, right now it s cheaper from a tax point to buy a standard honda prius vs a hybrid prius by thousands of dollars even with a tax rebate and fuel savings.... They need to cut taxes on power sources they would like to see, like solar, and wind power. Not add taxes to fuels... And in Canada this will only really affect lower income families already living on the brink of starvation... I won't even step into the politics's behind it and how a certain area gets carbon credits, and they are the brain child behind the whole carbon tax idea yet they don't pay it.....

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NachoMahmaBig Bwana

Reply 11 years ago

. Since I'm not a Canadian, I guess my opinion doesn't count, but Laura Jones, vice-president at the Canadian Federation of Independent Business, and I have similar opinions (from the article linked to in OP): "I don't think this is the best way to accomplish the goal of getting more environmentally friendly," she said, explaining she would rather have seen a greater focus on education and incentives.

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Big BwanaNachoMahma

Reply 11 years ago

Sure it does, it doesn't matter where you are from, education and incentives work any where in the world . If people are given a rebate on the per watt of solar energy produced, they will buy into solar power... if children are taught about solar power or even energy conservation and shown in schools, working solar systems they stand a greater chance of going with solar power when they grow up.. But right now short of a solar calculator most schools only briefly touch on that subject for a few days out of a kids entire education. .Lots of the schools I've been into don't even get the kids to turn off computers or even the monitors when they are done with them, never mind turning off lights..