Ontario’s cap-and-trade plan will add 4.3 cents a litre to gas prices

[pgs]

Depends on how the government invests those revenues.

BC is already successfully curbing emissions, AND they are the best performing provincial economy in the country.

Are we ? Ask our resident visitor from Saskabush , he might have a different take on things .

BC didn't curb **** all and they are relying on the overinflated condo boom and ActionPlan infrastructure building .

If the carbon tax was a success they wouldn't be shopping for more taxation methods to fund transit.

Google these keywords "translink funding".

Mayors and province roll out separate Metro Vancouver transit funding proposals - British Columbia - CBC News

Bargaining again for TransLink funding - Maple Ridge News

TransLink minister floats solution on transportation funding issue | News Talk 980 CKNW | Vancouver's News. Vancouver's Talk

Sorry I spoke to soon .

BC has reached its greenhouse gas emissions reduction target of 6% below 2007 levels by 2012 as set out in the Province’s Climate Action Plan.

Every dollar raised by the carbon tax is returned to individuals and businesses through tax reductions. None of the carbon tax revenue is used to fund government spending.

Since it was first introduced in 2008, the carbon tax has returned $500 million more to taxpayers in tax reductions than it has raised in revenue.

Yes taxpayers like Western Forest Products .

In countries with well-developed tax systems, subsidies provided by reducing companies' tax burdens are commonplace. Examples include tax exemptions (when a tax is not paid), tax credits (which reduce a tax otherwise due), tax deferrals (which delay the payment of a tax) and a host of other instruments. In common language these preferential tax treatments are called tax breaks or tax concessions; public-finance economists refer to them as tax expenditures.

https://www.iisd.org/gsi/subsidy-types

So our multi layer 20,000 page tax system isn't developed enough for you ?

The article doesn't apply to Canada beyond generalization and misleading inclusion of tax credits and I'm going to explain why.

All land in Canada is Crown Land.

Nobody not even the Injuns have Property Rights or Rights to resources that require turning a spade in the ground. Anything surface is yours to keep. Below that is Crown.

In the US landowners have Property and mineral Rights.

In the US there is nothing stopping a landowners from drilling on their property or getting paid by ex companies to drill on their land.

If oil is found those landowners hit it big.

In Canada you pay big bucks to the Crown for resource leases which are far more than any company is going to get in tax credits if they hit.

Before anything happens it's already a win for the Crown. Being the Rights owner like the private landowners in the US they get the big payday. Far bigger paydays than State or Feds in the US.

If their is oil the Crown wins again as it gets the Royalties(Crown Land... Royalties...get it) and still makes out like a bandit on the lease.

If no oil is found, the exploration company gets nothing, sh-tloads of people got jobs, trades, paid taxes, contributed to local economies making people prosper.

The tax credit is a pittance compared to the rewards.

Any questions?

Of course that was by design thanks to Trudeau the senior , It actually created big division in the liberal party that festered throughout the Martin Cretian years . But you will never hear or read about it in the mainstream press .

 

[mentalfloss]

Saskatchewan is heading for a deficit because of.. well.. you know.....

Oil