Carbon tax revenue to go straight to Ontario residents

[mentalfloss]

Ottawa could give revenues from a federally imposed carbon tax directly back to Ontario residents instead of the provincial government if whoever is elected in the spring election rejects a carbon-pricing system, the federal environment minister said Wednesday.

Catherine McKenna, who was in Toronto announcing funding for a green home-retrofit program, issued the warning in response to a question about Progressive Conservative Leader Doug Ford’s plans to scrap Ontario’s cap-and-trade system and reject a carbon tax.

“Let’s be clear. Pollution isn’t free,” Ms. McKenna said. “If the federal government has to step in, the revenues will go back to the province but we will determine how they go back and we could give them back to people and businesses so they would not go to the government.”

Ottawa is allowing every province to create its own carbon-pricing system to meet federal requirements, but if those plans don’t jibe with what it wants, legislation creates a system known as the federal backstop that will be imposed instead.

“Our climate plan has many elements to it,” Ms. McKenna said. “But it also requires that you put a price on what you don’t want, which is pollution.”

Ms. McKenna’s jabs at Mr. Ford’s plans came as she announced $100-million in federal funds to enhance an Ontario program that offers rebates to make homes more energy efficient, bolstering the provincial Liberals’ efforts to tackle climate change.

“We’re creating good jobs through this program,” Ms. McKenna said. “We’re saving folks money and we’re doing the right thing for our planet.”

Ms. Wynne, who appeared alongside the federal minister, touted the announcement as an example of how her government’s cap-and-trade proceeds, combined with the new federal cash, are being spent.

https://www.theglobeandmail.com/can...uld-go-straight-to-ontario-residents-mckenna/

 

[Danbones]

So why doesn't al gore sell his newest seaside resort and give us that money instead of just a pittance of the money the government has just defrauded and stolen from us?

GLOBAL WARMING IS A SCAM LIKE THE CLAIM TRUMP COLLUDED WITH PUTIN, and THE CLAIM PUTIN POISONED THAT RUSSIAN PISS DOC COLLABORATOR, and THE CLAIM HILLARY IS NOT A CRIMINAL TRAITOR.

 

[Walter]

CO2 is not a pollutant.

 

[mentalfloss]

The Blue Jays are not a hockey team.

 

[IdRatherBeSkiing]

So, based upon this, if we elect the Lieberals, we won't get federal carbon tax imposed since they have their cap & trade rip off, and will not get any money back from the federal government. If we elect a PC government, they will impose the tax and give it back to the people paying it? Seems kind of stupid to me. But it also may not hold up in court.

Nice to see the Federal Lieberals campaigning in a provincial election. Shows where their priorities are.

 

[mentalfloss]

According to your dumbass logic, Saskatchewan is campaigning for Ontario as well.

 

[Danbones]

Only in YOUR mind

Say, was that a thought...or an echo...

 

[IdRatherBeSkiing]

According to your dumbass logic, Saskatchewan is campaigning for Ontario as well.

I am reading what you C&P into OP.

 

[pgs]

Lots of coulds and mays in there .

 

[Danbones]

Yes they COULD have a prediction that MAY come true...

but what are the odds after all the ones that have NOT?


Nice OP, just in time for: RECORD breaking winter storm

Record-breaking cold to hit northeastern U.S. this weekend - NY Daily News

 

[Twin_Moose]

According to your dumbass logic, Saskatchewan is campaigning for Ontario as well.

How do you come to that conclusion is there Sask. MLA's in Ontario holding joint press conferences with the PC's over scrapping the Carbon scam?

 

[captain morgan]

Say, maybe Premier Reddenbacher can legislate that Ontario residents voluntarily donate their refund to help pay the debt?

 

[justlooking]

So, based upon this, if we elect the Lieberals, we won't get federal carbon tax imposed since they have their cap & trade rip off, and will not get any money back from the federal government. If we elect a PC government, they will impose the tax and give it back to the people paying it? Seems kind of stupid to me. But it also may not hold up in court.

Nice to see the Federal Lieberals campaigning in a provincial election. Shows where their priorities are.

They might as well just call it what it is:

The nothing to do with global warming, just another vote buying communist wealth redistribution and
government job creating tax.

 

[Jinentonix]

The Blue Jays are not a hockey team.

So you agree then that Climate Barbie is an airheaded moron. Good to see you finally come around.

 

[Twin_Moose]

I really can't believe the arrogance of this Gov. that believe they can impose anything they want on the provinces and it's citizens, let's make this truly democratic and hold a national referendum on the subject, and let the majority speak.

 

[Twin_Moose]

Deficits $8B deeper over next two years: PBO

The Trudeau government is on track to run deficits nearly $8 billion deeper than expected over the next two years, the federal budget watchdog said Monday in a new report. The parliamentary budget officer estimated the Liberals will post a $22.1-billion shortfall this fiscal year, which would be $4 billion more than the projection of $18.1 billion in the federal government's February budget.
For 2019-20, Jean-Denis Frechette's team predicted a $21.4-billion deficit, $3.9 billion higher than the government's forecast of $17.5 billion.
"We believe that the deficit is going to rise somewhat above what the government was assuming in the budget," Mostafa Askari, the deputy parliamentary budget officer, said in an interview.
The report's release comes two months after the Liberal government introduced a budget that predicted deficits across the planning horizon, until 2022-23, with no timetable to return to balance. During the 2015 campaign, the Liberals had vowed to keep annual deficits at no more than $10 billion and to balance the books by 2019.
Finance Minister Bill Morneau has argued the shortfalls will help Canada make investments to raise long-term economic growth.
Any hope of returning to the black any time soon is remote, the budget office said Monday. It predicted there's approximately a five per cent chance the federal budget will be balanced or will show a surplus in 2020-21.
The blows to the federal bottom line will come from several sources, the independent budget office said.
"Our higher deficit forecast largely reflects our higher projections for public debt charges, direct program expenses and children's benefits," the PBO wrote in its report.
The analysis predicted the government will spend a total of $19.5 billion more than it had forecasted in the budget to service the federal debt between 2017-18 and 2022-23. Askari noted the discrepancy between the estimates is mostly due to the fact the PBO used a higher projected interest rate for its calculation than the budget predicted.
The government's fiscal position is also expected to take a hit — a total of about $1 billion over the next five years — from a higher-than-anticipated cost for its budget commitment to expand benefits for the working poor, through its Canada Workers Benefit. The details were included in a separate report also released Monday by Frechette's office.
The federal budget projected the Canada Workers Benefit, a rebranded version of a program introduced by the Harper government, would have a fiscal impact of about $831 million between 2018-19 and 2022-23. The PBO believes otherwise, saying it will come in at $1.84 billion over that period.
Most of the extra cost, the PBO said, will come from the government's effort to make more people eligible for the benefit and to allow the Canada Revenue Agency to automatically enrol those who qualify. That tweak alone is expected to add 300,000 more workers.

The PBO also predicted the federal government's forthcoming carbon price tax would lower the country's real gross domestic product by 0.5 per cent, or $10 billion, in 2022.
The carbon price is set to rise from $10 per tonne per year until it reaches $50 per tonne in 2022.
"Implementation of the federal government's carbon pricing levy will generate a headwind for the Canadian economy over the medium term," Frechette's report said.
To make its assumption, the budget office based its estimate on an analysis by the Ecofiscal Commission.
"The carbon levy will generate significant revenues over the medium term," the PBO said. "As has been noted by the Ecofiscal Commission, the impact on the economy will depend on how those revenues are used."
Among Monday's projections, the PBO also predicted that over the next five years, Canada would generate about $70 million less in revenue from cannabis taxation than the federal government is expecting.
Conservative finance critic Pierre Poilievre called the PBO's findings "damaging" for the government, citing the impact of larger deficits, higher debt payments and a carbon tax that he says will erase at least $10 billion per year from the national economy by 2022.

"In other words, we will be spending — under this government's plan — more for nothing," Poilievre said in Ottawa.
"More debt interest, higher taxes and smaller GDP. That is the Liberal plan. It is a failed plan and we need a change."
A spokeswoman for Morneau disagreed, saying that since the Liberals came to office, the economy has created more than 600,000 jobs and the unemployment rate has been near its lowest level in about 40 years. On the PBO reports, Chloe Luciani-Girouard said in an email that findings can vary because they're sometimes based on different methodologies.
Morneau told reporters Monday that while he respects the work of the PBO, the financial expectations remain the same as those laid out in the budget.
"We're in a very positive situation economically, with more Canadians working, with a strong level of growth, and we'll continue to have an approach to fiscal conservatism that shows a declining debt-to-GDP over time," said Morneau.
He defended the government's carbon-pricing plan as the right approach to ensuring Canada has both a good economy and a healthy environment over the long term.

To the middle quote MF I thought you said that the Carbon tax was going right back into the taxpayer's pockets and it was revenue neutral

 

[Johnnny]

"Could"

There's that positive attitude to new challenges that the government uses to show us that they care...

 

[Jinentonix]

Ms. McKenna’s jabs at Mr. Ford’s plans came as she announced $100-million in federal funds to enhance an Ontario program that offers rebates to make homes more energy efficient, bolstering the provincial Liberals’ efforts to tackle climate change.

And let's see. By the time the Ontario Liberals factor in the administration costs, PSAs to tell us how great they are for doing this and other public awareness announcements, that should leave about $1,273 to actually put towards the program.

 

[petros]

CO2 is not a pollutant.

They aren't taxing CO2, they are taxing C a different molecule.

Double speak. If CO2 isn't driving climate change they can say "we told you from the beginning it was a carbon "C" tax not a CO2 tax".

It helps avoid fraud.

And let's see. By the time the Ontario Liberals factor in the administration costs, PSAs to tell us how great they are for doing this and other public awareness announcements, that should leave about $1,273 to actually put towards the program.

Hey, if you fund renos it ups the market value of the home and so municipal assement goes up and taxes go up.

The less money the Feds or Province need to transfer to shore up Municipalities the better it looks on them.

 

[Decapoda]

To the middle quote MF I thought you said that the Carbon tax was going right back into the taxpayer's pockets and it was revenue neutral

"Revenue neutral" tax policies theoretically impact only the closed system of tax money in vs. tax money out. The term does not account for the negative economic impact that it will inflict, as this albatross was intentionally designed to. The Liberals seem to have revised the definition of the term to also exclude the massive administration, management, and policing costs directly associated with implementing the policy, which the provinces will be largely on the hook for.

It's another ridiculious example of Trudeau bringing in a complicated and expensive policy, and then handing the actual work and associated cost off to everyone else to figure out on their own. Unfortunately, Liberals are as terrible at obfuscating facts as they are at mathematics.