In an article posted on the Financial Post yesterday, a report to the Senate Standing Committee on Energy is referenced, where University of Calgary economics professor Jennifer Winter revealed the bottom line of the Trudeau Carbon Price.
Provinces that will be hit the hardest are Alberta, Saskatchewan and Nova Scotia. Each household within the provinces will be taxed more than $1,000 of carbon tax per a year. The provinces with the lowest bills will be British Columbia, Quebec and Manitoba. Households will be taxed around $650.
As stated in the article, these are not the “painless” costs the country was promised. In addition, many experts agree that carbon prices need to continue to increase to effectively lower emissions.
See the full article on the Financial Post here.
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