According to the PBO, provincial cooperation with the federal carbon floor may reduce the size of Canada's economy by 0.5 per cent in 2020.
carbon tax
The federal carbon-price scheme raises Alberta’s carbon tax to $50 per tonne by 2022.
In 2017 the government in Winnipeg unveiled its Climate and Green Plan, which includes a $25 per tonne carbon tax.
The economics literature is filled with analyses showing the superiority of carbon taxes—alone—over regulations.
The taxman takes $17,800 in provincial taxes from the average Ontario family every year.
PBO report contradicts Trudeau government claims.
Since 2015, the Alberta government has increased corporate income taxes, implemented a carbon tax, and introduced more environmental regulations.
B.C.’s climate change programs violate sound economic reasoning.
Like all taxes, a carbon tax imposes its own burdens and amplifies the economic costs of all other taxes in the economy.