Cutting emissions by 25 per cent would impose a permanent cost of about 2.0 per cent of GDP.
The plan includes a “carbon price” between $20 per tonne and $50 per tonne on fuels.
A $170 per tonne carbon tax will cost the province an estimated 2,200 jobs.
A tax on businesses is paid by people who own the businesses.
Due to the higher tax, the province will lose an estimated 30,544 jobs by 2030.
Combined provincial, federal deficits will grow by about $22 billion annually due to carbon tax hike
A $170 carbon tax will also cost the average Canadian worker $1,800 in foregone income.
Climate targets are irrelevant when determining whether a carbon tax is good policy.
The Trudeau government’s plan includes a target of $170 per tonne.
Ottawa raised $2.6 billion in revenue while only $1.97 billion—or 76 per cent—was rebated to households.