The federal carbon tax rises by ten dollars a ton today.
The price on pollution is now 40 dollars a ton.
As a result many Canadians will have to pay more at the gas pump or simply to heat their homes, but they will also get a bigger tax rebate cheque from Ottawa when they file their taxes next year.
The yearly increase is part of a national plan introduced by the government of Prime Minister Justin Trudeau in 2018 to combat climate change.
Under the Greenhouse Gas Pollution Pricing Act, the federal government introduced the carbon pricing system for provinces which do not have an adequate carbon pricing model of their own, it was also recently held up by the Supreme Court of Canada after being challenged for it’s constitutionality by Saskatchewan, Alberta and Ontario.
The tax started at 20 dollars per ton in 2019 and will rise ten dollars per ton each year until reaching 50 dollars per ton in 2022.
(CKRM)