The federal carbon tax has Canadians across this country gripping their wallets a little tighter this week but carbon taxes are nothing new to British Columbians because we’ve had our own carbon since 2008, currently sitting at $30/tonne.
This week Justin Trudeau announced his tax would begin at $10/tonne in 2018 increasing by $10 each year until reaching $50/tonne in 2022. The good news for British Columbian’s is we won't be paying a single cent of federal carbon taxes until at least 2021 when the federal tax reaches $40/tonne.
This explains why we didn’t hear much from Christy Clark and the BC Liberals as we did from other provinces but looking ahead to 2021 and beyond, this federal carbon tax could do serious damage to British Columbia as well.
Watch as I explain how the carbon tax will affect our LNG prospects and BC Hydro’s Site C Dam project.
But these things are just the tip of the iceberg. What about BC Ferries? Count on fare increases. Hospitals and schools? They will need more tax dollars from us to pay their carbon taxes too.
I’d like to see Premier Clark join Brad Wall and call on Justin Trudeau to stick with his election campaign promise, made during the Globe and Mail debate last fall. Imposing a federal carbon tax on BC when we already have a tax is completely non-sensical, so why on earth is he doing it? And why on earth isn’t our premier calling him out on this too?
When we willingly make our nation uncompetitive compared to our neighbours and allies, that hurts all Canadians.