Letís start with the most obvious place Albertans will notice a difference: the gas station.
The carbon tax translates to an increase of 4.49 cents per litre. For a 50-litre tank, that means itíll cost an extra $2.25 to fill up. While youíd likely rather spend that on a double-double, itís probably not going to break the bank.
What about the much feared knock-on effects of the price on carbon? Itís estimated the tax will increase the indirect costs of consumer goods by about $50 to $70 per person in 2017.
But before you start reaching for your piggy bank: 60 per cent of Albertans will receive a full rebate for the carbon tax (all single households with a net income under $47,500 and all couples or families with a net income under $95,000). Another six per cent of households will receive a partial rebate.
In addition, the rebates are tied to income level (external - login to view), not the amount of energy one actually uses, meaning that Albertans can effectively make money from the carbon tax if they use a lower-than-average amount of energy ó which is kind of the point.
Two-thirds of households will receive money back and the first cheques will be in the mail this month. Thereís no need to apply. Albertans will automatically receive a rebate if they submitted a 2015 tax return and are under the cutoff.
What about the upper third of income earners in Alberta? They will have to pay the full cost of the tax ó however, they also have the option to do things like make their homes more energy efficient or choose a more fuel efficient vehicle to reduce the cost. Rebates and incentives will be available for purchasing and installing new energy-efficient appliances, products and systems.
And investments enabled by the revenue generated by the tax ó in renewable energy, public transit and energy efficiency ó will make it easier for everyone to reduce their emissions.
https://www.desmog.ca/2017/01/01/fiv...new-carbon-tax (external - login to view)