Some computer models predict catastrophic results, other projections are much more benign.
A $50 per tonne carbon tax is not enough to significantly change consumer behaviour such as gasoline consumption.
Canadians will pay a price for our reduced competitiveness—in the form of lower employment and/or investment.
The federal carbon tax imposes a levy on sales of most combustible fuels.
Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.
Ottawa has layered its carbon tax on top of many existing supports for other forms of energy.
No government in Canada has adopted or long-maintained a genuinely revenue neutral carbon tax.
Gasoline would need to rise to $2.30 per litre.
The Trudeau government plans to apply a range of new regulations.