Economy
Politics the only consistency in carbon tax policy
From the Frontier Centre for Public Policy
By Lee Harding
Never mind that there is no easy connection between CO2 and temperatures, except in […]
The misplaced idea that carbon dioxide is pollution undergirds the dubious concept of the carbon tax. Never mind that there is no easy connection between CO2 and temperatures, except in the easily questioned computer models created by climate change proponents. Nevertheless, the carbon tax policy is the signature climate change policy of the Trudeau Government. This tax has raised energy prices across the country and supercharged inflation without any impact on reducing harmless carbon dioxide emissions.
The main impact of the carbon tax is to reduce of everybody’s living standards just a bit more each year. Finally, it seems to have succeeded in doing something else: undermining Liberal support. The awkward attempt to solve this political and policy problem sent federal arguments for the carbon tax into complete contradiction last week.
On October 26 Prime Minister Justin Trudeau announced a three-year moratorium on carbon taxes for home heating oil, a move that was good politics but curious policy.
“We’ve heard clearly from Atlantic Canadians through our amazing Atlantic MPs that since the federal pollution price came into force … certain features of that pollution price needed adjusting to work for everyone,” said Trudeau.
You see, last July Atlantic provinces had to give Ottawa worthy proposals to keep themselves out of Ottawa’s carbon pricing scheme. They failed, so their citizens have felt the pinch. Forty percent of Atlantic Canadians, but only three percent of all Canadians use fuel oil.
This reality facilitated a political solution–a national policy with mostly regional consequences for Liberal support. The problem was how to spin it.
“We are doubling down on our fight against climate change and…supporting Canadians while we fight climate change,” the PM said.
“Economists and experts around the world have long known that putting a price on carbon emissions is the best way to drive down those emissions that cause climate change, is the cheapest, most efficient and most impactful way and it’s working,” the PM insisted.
This circle can’t be squared, except politically. The fuel oil announcement was made hours before Conservative Leader Pierre Poilievre held his scheduled “Axe the Tax” rally against carbon taxes in Windsor, N.S., the riding of Liberal Atlantic Caucus chair Kody Blois.
Put together, this is a national but regional policy to adjust a carbon tax that works but does not work. It’s doubtful that taxes or grants will change the weather, of course, but fuel oil was unworthy of an exemption.
The heat output per gallon of fuel oil is 138,690 British Thermal Units and almost equal to that of natural gas (139,050 BTU). However, natural gas only produces 117 lbs of CO2 per million BTU, whereas distillate fuel oil produces more than 160 lbs. The worst “polluters” just got a break.
Meanwhile, residents west of Quebec, where natural gas use ranges from 49 to 77 per cent, will pay carbon taxes, as they always have–and more so as they increase every April. It’s moves like this that have allowed a federal government to maintain power that hasn’t won the popular vote since 2015.
Poilievre’s plan to end the carbon tax is a winner for policy sanity.
Lee Harding is a Research Fellow at the Frontier Centre for Public Policy.
Business
Premiers fight to lower gas taxes as Trudeau hikes pump costs
From the Canadian Taxpayers Federation
By Jay Goldberg
Thirty-nine hundred dollars – that’s how much the typical two-car Ontario family is spending on gas taxes at the pump this year.
You read that right. That’s not the overall fuel bill. That’s just taxes.
Prime Minister Justin Trudeau keeps increasing your gas bill, while Premier Doug Ford is lowering it.
Ford’s latest gas tax cut extension is music to taxpayers’ ears. Ford’s 6.4 cent per litre gas tax cut, temporarily introduced in July 2022, is here to stay until at least next June.
Because of the cut, a two-car family has saved more than $1,000 so far. And that’s welcome news for Ontario taxpayers, because Trudeau is planning yet another carbon tax hike next April.
Trudeau has raised the overall tax burden at the pumps every April for the past five years. Next spring, he plans to raise gas taxes by another three cents per litre, bringing the overall gas tax burden for Ontarians to almost 60 cents per litre.
While Trudeau keeps hiking costs for taxpayers at the pumps, premiers of all stripes have been stepping up to the plate to blunt the impact of his punitive carbon tax.
Obviously, Ford has stepped up to the plate and has lowered gas taxes. But he’s not alone.
In Manitoba, NDP Premier Wab Kinew fully suspended the province’s 14 cent per litre gas tax for a year. And in Newfoundland, Liberal Premier Andrew Furey cut the gas tax by 8.05 cents per litre for nearly two-and-a-half years.
It’s a tale of two approaches: the Trudeau government keeps making life more expensive at the pumps, while premiers of all stripes are fighting to get costs down.
Families still have to get to work, get the kids to school and make it to hockey practice. And they can’t afford increasingly high gas taxes. Common sense premiers seem to get it, while Ottawa has its head in the clouds.
When Ford announced his gas tax cut extension, he took aim at the Liberal carbon tax mandated by the Trudeau government in Ottawa.
Ford noted the carbon tax is set to rise to 20.9 cents per litre next April, “bumping up the cost of everything once again and it’s absolutely ridiculous.”
“Our government will always fight against it,” Ford said.
But there’s some good news for taxpayers: reprieve may be on the horizon.
Federal Conservative leader Pierre Poilievre’s promises to axe the carbon tax as soon as he takes office.
With a federal election scheduled for next fall, the federal carbon tax’s days may very well be numbered.
Scrapping the carbon tax would make a huge difference in the lives of everyday Canadians.
Right now, the carbon tax costs 17.6 cents per litre. For a family filling up two cars once a week, that’s nearly $24 a week in carbon taxes at the pump.
Scrapping the carbon tax could save families more than $1,200 a year at the pumps. Plus, there would be savings on the cost of home heating, food, and virtually everything else.
While the Trudeau government likes to argue that the carbon tax rebates make up for all these additional costs, the Parliamentary Budget Officer says it’s not so.
The PBO has shown that the typical Ontario family will lose nearly $400 this year due to the carbon tax, even after the rebates.
That’s why premiers like Ford, Kinew and Furey have stepped up to the plate.
Canadians pay far too much at the pumps in taxes. While Trudeau hikes the carbon tax year after year, provincial leaders like Ford are keeping costs down and delivering meaningful relief for struggling families.
Business
Bank of Canada admits ‘significant’ number of citizens would resist digital dollar
From LifeSiteNews
A significant number’ of Canadians are suspicious of government overreach and would resist any measures by the government or central bank to create digital forms of official money.
A Bank of Canada study has found that Canadians are very wary of a government-backed digital currency, concluding that “significant number” of citizens would resist the implementation of such a system.
The study, conducted by the Bank of Canada, found that a “significant number” of Canadians are suspicious of government overreach, and would resist any measures by the government or central bank to create digital forms of official money.
According to results from the BOC’s report titled The Consumer Value Proposition For A Hypothetical Digital Canadian Dollar, “cash remains an important method of payment” for Canadians and “[c]ertain groups may strongly resist a digital dollar if they conflate its launch with the end of cash issuance.”
The BOC noted that not only would a “significant number” of Canadians “reject” digital money, but that for some “mindset segments, their lack of interest in a hypothetical digital Canadian dollar was heavily influenced by perceptions of government overreach.”
As reported by LifeSiteNews in September, the BOC has already said that plans to create a digital “dollar,” also known as a central bank digital currency (CBDC), have been shelved.
The shelving came after the BOC had already forged ahead and filed a trademark for a digital currency, as LifeSiteNews previously reported.
Officials from Canada’s central bank said that a digital currency, or electronic “loonie,” will no longer be considered after years of investigating bringing one to market.
However, that does not mean the BOC is still not researching or exploring other options when it comes to digital money. As noted by researchers, despite there being some “interest” in a “hypothetical digital Canadian dollar,” that “interest does not necessarily translate to adoption.”
“Most participants felt well served by current means of payment,” noted the study, adding, “Individuals who support the issuance of a hypothetical digital Canadian dollar did not imagine themselves using it regularly.”
Those most enthusiastic about a government-backed version of Bitcoin were teenagers and young adults. Those older remained especially skeptical.
“They were skeptical of the need for this new form of money and of its reliability,” read the report, which also noted, “They did not trust that concepts were secure or that their personal information would be kept private.”
Given the results from the report, the bank concluded that “[b]road early adoption” of a digital dollar “is unlikely given that available payment methods meet the needs of most users.”
“Financially vulnerable segments often have the most to gain from this payment method but are most resistant to adoption. Important considerations for appeal and adoption potential include universal merchant acceptance, low costs, easy access, simplified online payments, shared payment features, budgeting tools and customizable security and privacy settings,” it noted.
Digital currencies have been touted as the future by some government officials, but, as LifeSiteNews has reported before, many experts warn that such technology would restrict freedom and could be used as a “control tool” against citizens, similar to China’s pervasive social credit system.
Most Canadians do not want a digital dollar, as previously reported by LifeSiteNews. A public survey launched by the BOC to gauge Canadians’ taste for a digital dollar revealed that an overwhelming majority of citizens want to “leave cash alone” and not proceed with a digital iteration of the national currency.
The BOC last August admitted that the creation of a CBDC is not even necessary, as many people rely on cash to pay for things. The bank concluded that the introduction of a digital currency would only be feasible if consumers demanded its release.
In August, LifeSiteNews also reported that the Conservative Party is looking to gather support for a bill that would outright ban the federal government from ever creating a digital currency and make it so that cash is kept as the preferred means of settling debts.
Conservative leader Pierre Poilievre promised that if he is elected prime minister, he would stop any implementation of a “digital currency” or a compulsory “digital ID” system.
Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.
-
C2C Journal1 day ago
Mischief Trial of the Century: Inside the Crown’s Bogus, Punitive and Occasionally Hilarious Case Against the Freedom Convoy’s Tamara Lich and Chris Barber, Part I
-
Bruce Dowbiggin2 days ago
Why Canada’s Elites Are Captives To The Kamala Narrative
-
Business1 day ago
Premiers fight to lower gas taxes as Trudeau hikes pump costs
-
Agriculture1 day ago
Sweeping ‘pandemic prevention’ bill would give Trudeau government ability to regulate meat production
-
Alberta2 days ago
Alberta Bill of Rights Amendment, Bill 24 – Stronger protections for personal rights
-
Alberta2 days ago
Another Blow To The Carbon Tax
-
Economy2 days ago
Gas prices plummet in BC thanks to TMX pipeline expansion
-
Economy2 days ago
One Solution to Canada’s Housing Crisis: Move. Toronto loses nearly half million people to more affordable locations