British Columbia

1361 readers

1 users here now

News, highlights and more relating to this great province!

founded 3 years ago

MODERATORS

[email protected]

B.C. to ‘stick’ with April 1 carbon tax increase: Environment Minister (www.nelsonstar.com)

submitted 7 months ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

Non-Paywall Article

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 12 points 7 months ago (1 children)

BC significantly reduced Provincial Income Tax, and it was all offset by the Carbon Levy. We now have one of the lowest Provincial Income Taxes in Canada thanks to the Carbon Levy.

[–] [email protected] 3 points 7 months ago

The way things stand as of April 1, as long as you aren’t a major carbon emitter and aren’t heavily depending on heavy carbon emitters, the net payout to the government will be less in BC than pretty much anywhere else in Canada. However, tracking all the checks and balances and what cancels what out is extremely opaque and complex, so there’s definitely room to sneak in a pure money grab in the future.