Carbon Tax rebate: Do you really get back more than you pay? | About That
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- Опубликовано: 27 мар 2024
- On April 1, Canada's carbon tax goes up. Again. But when you factor in the carbon tax rebate, do you end up getting back more than you pay? Andrew Chang breaks down the finances of the carbon tax and why the answer is more complicated than you think.
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A tax on fuel(energy) is a tax on everything you absolute muppets.
Yes, on EVERYTHING!
No (direct) tax on solar, wind, nuclear, hydro, geothermal, wood in your woodstove etc - just the dino juice.
Totalky agree and the pittan ce we recieve back can't possibly cover everything affected by fuel. Rip off
And most are using petrochemicals so what is your point @@bradenking111
@@faiththrower7951 So no matter how hard data shows the facts would not conform with your prejudiced view that carbon tax is the main culprit causing inflationary pressure and the crucifixion of poor and low income Canadians as bullhorned by dear leader Poilievre.
Really, a news agency funded by the federal government giving an opinion that Cardon tax isn't really driving prices up, really ?
Most would dump fossil fuels at the blink of an eye.Just can't.
Grocery stores making record profits. They are blaming the carbon tax, but their profits are far higher than the carbon tax accounts for.
Except it's not just the CBC, it's at least 200 economists, some studies, banks...
Basically the idea that the carbon tax is causing inflation is popular on the same right that rejects the existence of global warming and doesn't want to do jack. In fact, they want to subsidize the oil even more because "CO2 is plant food" - even if they don't want to receive 50 pizzas for tonight... Pizza is human food, so getting more Pizza means humans will grow quicker, right? Certainly there would be no side effects to eating 50 pizzas tonight!
Yeah, you wouldn't want to listen to anyone who's actually put in the time to research an issue would you? Better to stick with the dumb strangers and lying politicians who want to stoke your fears so he can get his chance at the Big Office. You know, the guy who panders to the very industries that are producing the toxic product that is killing the environment! Yay for never looking stuff up right!
If 8 out of 10 families get more money back in rebate than they pay in tax, why was it necessary to pause carbon tax increases on home heating oil for Atlantic Canadians? Doesn’t the pause make them worse off?
excellent point
And the Liberals know they know need Atlantic voters, so they know Canadians are worse off with this tax. They know it.
Exactly. They're just hypocrites. Nothing new about it.
Because the Liberals on the east coast were under pressure. It's all political.
its a lie. dont forget you pay carbon tax on groceries too
Farm fuel isn't taxed, but fuel to heat barns, dry grain, heat green houses is taxed. You didn’t talk about that.
That and farm fuel is only not taxed if you get it delivered, meaning to get the tax exemption a farmer has to spend more getting it delivered
@@johnbradley2879don't forget that the truck delivering fuel is BURNING fuel that most likely has a carbon tax on it, increasing the delivery costs FOR that farmers fuel.
@@RockyAlajoki yup
They ignored so much, purposely
Large businesses don't get carbon rebates, they pass the cost onto all consumers.
this is covered by the rebate
Taxpayers that make time payments receive NO REBATE. Great little scam to get out of paying the rebate.
Large business's have CEO's who get bonus's which is deducted from the corporate tax being paid. Remember PM Harper ? Well, it was his corporate scheme to lower the corporate tax and did so even though nobody took to the streets to demand lower corporate taxes. A few weeks later, he came up with the scheme and premise to inform Canadians that Canada could no longer afford Canada Pension. That blew up in his face and now Poilivre is the next Corporate Messiah to run for PM which brings me to wonder who will pay for all the things that lower corporate taxes no longer pays for ? Well, higher taxes along with a higher deficit may be passed on while the banks provide more credit cards with higher interest with their own cash back schemes. Who pays ? Well, it isn 't the retailers as they simply charge more for their goods and services with a little extra so they get some cash back too. Guess you pays the higher prices or do you really believe it all comes down to higher shipping and productions costs ?
@@toddpowers2936no, it really isn't.
It is that cost is accounted for as an increase in inflation which the boc works out to be 0.15% @PappaJon2009
It’s a scam plain and simple .
@Stormlight16 Must be nice living in mommy's basement with all the bills taken care for you uh? Must be nice collecting low income benefits right?
@jeta1-fsii63 it's hilarious watching these guys continue to project their own insecurities by attacking ppl personally like this instead of offering an actually intelligent viewpoint
@Stormlight16😂 I watched the propaganda piece . It’s a scam buddy . Pollieve didn’t destroy our country and then spit in my face with more tax .
@@suptoday it is a scam because you feel it is? Can you back it up?
Conservatives supported the scam being implemented in the first place. They just didn't want the scam to get this out of hand.
Dear CBC, explain to me how are long haul trucks supposed to stop their emissions? By not operating? There sure aren't emission free alternatives for those vehicles, are there? Or are we supposed to stop eating instead?
Yes!
If the rail companies can get their heads out of their asses: they should be able to handle the long-distance movement of goods. Since rails don't move: they can electrify quite easily without massive batteries (using overhead lines).
The problem is that North American rail companies are currently obsessed with "precision scheduled railroading". This is a system of cost-cutting involving running overly long trains to save on infrastructure and staffing costs. The problems are:
1. Long trains no longer fit in sidings, so trains can't pass one another
2. Long trains get delayed, so staff are forced to work unpredictable hours
3. The lack of scheduling means that the railroads can only move low-value bulk freight.
Maybe find ways that are more energy efficient: rail, using fuel efficient vehicles, minimising the weight of the load....
@@zen1647 if you minimize the weight of the load, you need more loads. 1500km takes around 500 litres of diesel at max legal weight. Empty I might be able to stretch it to 1800 km with the same amount of fuel. So if you have 160 000 lbs of goods to transport, 2 trucks at 80 000 lbs will burn less fuel than 4 trucks at 40 000lbs.
@@jamesphillips2285 I think you need to consider alot of things before you just say that rail companies can electrify their trains.
North American rail is responsible for a significant amount of carbon emissions. It may be an alternative in the future, but it is not a viable choice to reduce emissions today.
So how many ppl does the gov employ to "process" this collect and rebate process?
A lot! If you consider that the number of government workers has increased by 40% since 2015, the bigger the government, the bigger the money laundering operation we are dealing with.
Well thats something you will have to ask the provincial governments as well.
20% of the entire country works for the government.
@@annaowczarek3747 yup 20% of canadians are now employed by the government most in history umm ya lets vote ourselves a rise today since we have done such a great job for canadians !
Very misleading as most restaurants operate with natural gas to cook food. Higher costs at restaurants equal higher prices. How can anyone say that they dont eat out, or cook at home, and are not affected?. No one will be able to just get free money as nothing is free from government, just a way to take someone else money and hand it to another group.
You can make free money if you just eat sashimi😂
Dammit I ate some the other day where is my money??? Haha@@metalheadlass9868
It's like switching potholes on our roads, and in our cities!
induction cooking is now as fast as gas, and uses 90% less electricity than old electric stoves... In the rest of the world, induction cooking has been popular for decades, because it's cheaper and easier to work with.
Have you ever been to any, any restaurant and ask the cook if they can get any work done with induction stove? Do you think a family owned business struggling to make ends meet will spend thousands in pots and pans induction compatible?
We Canadians demand an election as soon as possible!
Immediately!
Great, you Canadians complained when Trudeau called the last elections because he was spending tax payers money. And now you Canadians want another early elections because the Conservatives lost the last one. You Canadians should pay for that early elections as we the other Canadians surely don't want to pay for your demands.
You don't speak for me.
Yes
💯 agree
What the report on estimated cost to Canadians missed is the billions of tax dollars we have to pay to a "consulting firm" to run this program.
Is that less than other programs designed to lower emissions? That's the real question.
This is 1.3billion dollar propaganda at work!
Defund the CBC !
You didn’t mention that every business pays and gets Nothing back. Big deal to ignore
but the money has to come from somewhere, and the prices of the products/services will go up. Some goes up a little, some business involving more manufacturing processes will go up a whole lot more. There is no way these couple hundred dollars will cover anything
They don't pay it because they pass it down to consumers
They don't need to get anything back because they just pass it on to the next level, and eventually to the consumer.
That's the point. The fact they will pay incentives them to switch from fossil fuels to renewables.
Here's a thought. Fuel is used for the transportation of goods at every level of the supply chain and grocery stores will have to heat their stores. Carbon tax increases the cost of transportation and heating... do we really expect the corporations to absorb the cost of carbon taxes instead of passing it on to the consumers?
If capitalism worked there would be competition in the market and a corporation that passed less onto consumers would be likely more profitable.
If you watched the video the math works out to 0.15% that business pay more in costs. So a tiny tiny fraction of a percent of inflation is due to carbon tax. You goof
@@nuxkaminacapitalism works for consumers, but oligopolies do not.
I don't think you understand what the purpose of the tax is.
The tax isn't meant to change carbon producing behaviours. For the average citizien, this doesn't impact them even after business adjust for added cost because these people are getting money back to cover these offsets.
@@FarmingGoneWild how's that measured? did you look into the report on all the assumptions made? or do you choose to believe what CBC tells you?
I want 12 minutes of my life back after watching this and listening to word vomit
What would do with twenty minutes? Close your eyes to your enemy named reality?lol
This is pure and blatant Trudeau propaganda. I’ve never received carbon rebates and don’t even know how to apply for them.
I didn't watch , I know their narrative. Just reading comments.
Defund the CBC !
It's fascinating how the tables have turned. It used to be mainstream media scrutinizing government but here we have a dedicated piece playing defense.
because, if you hadn't not noticed, the climate crisis is getting extremely real. canadians have some of the highest per capita emissions on the planet. economic disincentive to burn fuel is direly needed.
@@Lucasjamespetersen Doesnt change the fact that the media is not allowed to check the government anymore. Everything is easily accepted.
@Lucasjamespetersen yes and people were setting the fires. Not climate change lol
@Lucasjamespetersen you know what's real? Record numbers at food banks across the country.
@@LucasjamespetersenHighest per capita is not an accurate reflection of our global impact. We have a large land mass, ship goods from coast to coast to coast, winter climate requiring heat. Canada contributes 1.5% of GHG emissions globally. Even if we cut our emissions in half, an impossible feat, that would amount to a 0.75% drop globally. Meanwhile, China and India and many other nations that lack government regulations, simply don’t care and continue to increase emissions.
The poor rural areas of the country where you have to drive 50 km to a grocery store definitely do not recoup the carbon tax.
If you actually did looked up the facts which are posted and easily accessible you would find that addresses in rural areas get a lot more in their rebates. It varies per province.
@@jamesryan7684 We are seniors living in Rural Saskatchewan. We drive a hybrid car and have electric heat. We are 50km from nearest grocery store, dentist, doctors , pharmacy etc and 300km from specialist health services. Our carbon rebate doesn’t cover even half of the additional carbon tax we pay directly let alone the additional cost on items that have gone up due to the manufacturing, transportation, warehousing , etc because of carbon taxing.
@@jamesryan7684 Hmmm NOPE I got a rebate deposited for a whopping $143 last June have not seen a cent since. I am rural only 14Km to the grocery and everything is more than it is in the city. NO I do not make more, I moved to rural since I could not afford a home in the city. There is no way Turdo is speaking the truth in any capacity, it is all #bullshit
@@waynekibbler2710 Sure. Do you have auto deposit enabled? You should get a cheque every quarter. Did you bother to look up what constitutes rural and if you qualify? What province do you live in? As I said every province is different. The premium for rural in Ontario is 10%. If you are not getting your cheques maybe it's because you moved. Why don't you call about them it? Trudeau isn't lying, or that would be a huge news item. Also food in a small or independent country grocery store is always more than in the city.
nobody will. the first issue is that a govt that administers this will immediately eat up ten percent. any economist that tells you eight in ten families who pay eight dollars into this - and gets ten dollars back....is a muppet. further, taxes shrink economies. lastly and this is the big one.... carbon taxing is ineffective at two things. it doesn't change behavior and it fails to lower emissions. it's an antiquated idea from two decades ago where other countries particularly scandinavian ones have abandoned carbon tax schemes for more intelligent ideas. in particular investment in new and developing technologies. this is where the answer is. not tax..
I am absolutely ashamed of this government
Like most governments. They did some good things, they did some not so good things.
@@dennisheyes4561 tell me your a “know it all” without telling me your a “know it all”
@@MrTrda Bruh he... has a point, chill out. I know you're seeing red but. Chill out.
@nofbi8582 what good has the current government done?
@@dennisheyes4561they did many bad things and hardly any good.
Why are politicians always flanked by mute people? I can't think of a good reason.
Only one person can speak, but they don't write their speeches alone.
They are Yes! persons
looks great having two or three people who are nodding yes to everything you spout out of your mouth as a politician or CEO of a corporation. Great job for 'bobble heads'.
anyone who thinks this government is gonna make money out of their money is a lost cause 😂😂😂 2.9 TRILLION IN DEBT!!!!
This guy is only half right. Fuel price goes up. Transportation cost goes up. Who will absorb that cost? Naturally businesses will not. Pass on to consumers.
He said exactly that. Did you even listen? Try rewatching at 8:45 again.
Name a time when consumers didn't pay for costs?
Especially now that diesel is quite a bit higher than petrol (about $.50/l more in Alberta)
Businesses always eat up the cost of extra taxes and fees. Just means less dividends for shareholders. Don’t believe me? Look at the UK and their air passenger duty. It caused airfares to drop!
This analysis does actually help a it to understand the numbers, though as with most it’s still missing some fundamental aspects. One being what is surely the astronomical cost to taxpayers to fund the government (and banking) administration of this tax and return scheme. Second, is it having the desired effect - are people buying and burning less fossil fuel? That should be easy to find out. Third and most importantly, is it having any measurable effect on climate change? When asked, the experts say “it’s complicated”. But we’re doing it anyway despite the fact that Canada’s contribution to GHGs are miniscule on the global scale.
Rather than continue a dubious social engineering experiment, we should be funding R&D toward migration to alternative energy such as nuclear and to adaptation of human life in a changing climate (if, in fact, it is changing fundamentally or only cyclically).
This is all lies as the consumer pays everyone’s carbon tax from transporting goods, repair services,groceries, booze and anything else we pay for as a consumers.
And you then get that money back. This is just the sheer reality of it. If prices go up so thereby does your rebate
@@Donthaveacowbra you not taking into account clothing food rent mortgages but you live BC AND THAT EXPLAINS EVERYTHING
@@Donthaveacowbra If you believe all of that, I have a bridge for sale and its going at fire sale prices but be quick, its scheduled for demolition. Meanwhile, any thoughts on the credit card cash back schemes the banks have come up with ? Higher prices at the retail stores ? Think hard, need a clue on what helps those retailers to come up with dealing with cash back schemes ? Maybe higher prices which provide some cash back of their own ? It takes more grease to make the wheels turn without any squeaks.
All the people who are paying taxes are getting some back - and getting more back if they are energy efficient!
Remember Trudeau owns the CBC, so why would they tell the truth.
Seriously! We know this is increasing the costs of food and the most basic necessities of life!
Oh, state media doesn't like all the data.
they mention that metric but I guess you don't watch content just read headlines
@@stallioni they said the carbon tax didn't raise the prices but canadians are paying more on average. Think a bit with that empty coconut
@@anonymous134y They actually do say the carbon tax increases prices and even display charts with adjusted averages. See minute 9:30. Again did you watch it?
The tax fuels inflation. Even if you get back what you directly paid on the tax, you'll pay a lot more on everything, above the tax. There's also a HST tax on top of the carbon tax. You are NOT getting that back.
Telling Canadians they will have to pay 21$ more for 100L of diesel and keep a straight face. wow
That's what I thought too. Unreal. Very out of touch.
It might just be time to stop commuting in jacked up pickup trucks. Never made much sense to me that you would drive one to a assembly welding job anyways. Gonna make more sense to only drive those big trucks if you actually have a use for one like if you haul farm equipment or livestock with your truck. Otherwise, try an electric car. The instant acceleration is way more fun than you might expect!
@@VideoGameMarimbist My diesel truck gets better MPG then my compact car since It's a pre-emission engine tuned down for economy.... Why would I burn more fuel and stop driving it?
@@VideoGameMarimbist Why not?
@@poopinfruz9771 Because the difference in sale price alone would offset the cost of fuel. You could sell the truck and buy a new electric car for about the same cost then have no fuel cost. Depending on your electricity cost, you can get an 80% savings per kilometer. If you need a truck to move a couch some time then rent a uhaul for like $30 or phone a friend who needs a truck for their job.
What about HST on top of Carbon tax huh? Why is that? Nothing to do with environment just tax grab my friend!
The HST was introduced by the Conservatives, still here today, why now complain about Carbon Tax😂
@@theresina123Has literally nothing to do with Canada in 2024. Keep playing your colour, red/blue games while the adults are talking, sweetie.
Ok sweetie pie, will shut right up. 😅
@@theresina123Thank you for doing so. Whataboutisms are threadbare at this time.
OF COURSE it STILL has to do with today - or was the HST tax eliminated at some point & somehow I don't know about it? You seem to be missing the whole point - it's just gone RIGHT over your head.@@Nov1706
Imagine how much money you would get back if you just started eating bugs and lived under a bridge.
The next step in the liberal housing plan involves a Home Donation Rebate
No one's saying you can’t have some carbon emissions. Think of a the carbon tax rebates as your quota for how much carbon you can emit for free.
Beyond that, we're going to pay for climate change one way or another, it's just a matter of how much. If we all do nothing, and extreme weather events continue to get more and more out of hand, then it could get far worse than a few hundred dollars per year. Some people in the US can't get home insurance now because the risk of forest fires is too high. That's a huge loss if your house suddenly becomes worthless.
I have an idea. How about receiving a rebate if you keep your driving under a certain amount of km's per year ( like 10,000 or 15,000 depending on a number of personal factors, like how far you have to drive to work ). You have your odometer in your car checked each year where your renew your driver's license. That would be much better than having to pay a tax.
4:50 pm. FYI electricity is not at zero carbon tax. All the transportation costs for consumer goods and food are subject to carbon tax. All businesses do not get rebates. All our schools, churches and municipal buildings and maintenance are subject to carbon tax.
where I live we pay a carbon tax on our Electricity,,,,
I am glad you mentioned that schools, churches and municipal buildings and maintenance are subject to carbon tax,, not to be critcal,, the number one user of Electricity , Natural Gas,, and even Diesel,( back up generators and heating) would be Hospitals,,, ,, so more cost for the healthcare system,, 🙄👍
It misses all the transportation costs on products that gets passed down to the consumers!! We definitely don't get back what we pay into it ALL over the place!!
Exaggerated, and you do get it back, twice over
@@BCrossing Not even close. For example, food prices have tripled much of it can be attributed to the carbon tax. TrueDolt has his own "new math" we are all suffering and he has to go!
@@waynekibbler2710 He can go for all I care. But carbon taxes discourage excessive driving, reducing carbon, and give the government more wriggle room to increase spending. A double win, for a single loss/cost: Europe-priced fuel.
@@BCrossingwho tf determines excessive driving, everyone drives the amount they need to drive to do the things they need to do, this type of nanny state garbage where you expect others to let you run their lives because you think the government can do it better it’s pathetic take some accountability and run your life the way you want to and stop crying to daddy government everytime your pasties twist.
@@BCrossingwho tf wants the government to have more spending, all their spending comes from taxes and from finding ways to price gouge the average citizen while giving tax breaks to the politicians family and friends who are in a high social class than you anyways, you know every day I get by just fine without once thinking to myself “you know who needs more money, THE GOVERNMENT” I just don’t understand how someone could want to charge more on driving which most Canadians rely on heavily especially those in rural areas to get to work this affects the vast majority of a population which is already struggling monthly paycheque to paycheque, honestly I’m not trying to insult you however you need to get some perspective and check your privilege.
CBC you getting your resumes ready for when PP wins?
can you do an additional segment, where you follow the 17.6 cents to the government, to someone's rebate cheque? is any of the 17.6 cents removed from the process to be used for something? or does the 17.6 cents go directly to a rebate?
This was a very bias viewpoint, without larger scale context of let's say a transport truck driving 14 hrs / day, 7 days a week. It ends up a massive amount of diesel fuel cost that will be transferred directly to consumers goods, especially food.
I did not realize math was biased. If your argument is that carbon pricing significantly altered the prices (like more than Galen Weston's greed.) Why did the price of food also go up in countries without Carbon tax too?
@@dennisheyes4561 Galen Weston and others can't cause inflation even if they wanted to because they don't control the amount of currency that goes into circulation. The government printed too much money and the price of everything went up. This happened in other countries too, but it is not a "global problem" like some politicians claim. If Canada didn't print so much money over the last few years then prices here would not have gone up like they did, and our currency would have become stronger relative to that of other countries'.
@@piratefishrickexactly then add on to that carbon tax which drive inflation even more and it’s going to keep going up in the name of climate change scam 🤣
Its biased if you pick the factors you want and exclude the ones you don't. Again, I say replace it with stupidity tax. with citizens like you...we'll be rich very soon.@@dennisheyes4561
@@piratefishrick can you find a country where inflation didn’t happen? Even Japan, famous for deflation is experiencing inflation. And the inflation hit almost at the same time in 2022. So ya, it is a global issue. Let’s not pretend otherwise. Also, government had to use stimulus measure during the pandemic, or half the families will be on the streets. This is why most government printed a lot of money during the pandemic. PP would have done the same thing. Trump, conservatives hero also slashed interest rate to 0, and printed trillions of dollars for relief measures. Finally, lack of supply can definitely cause inflation. It is not just money printing.
The problem with the Bank of Canada’s inflation impact of the carbon tax is - the new CPI (consumer price index) excludes gasoline, fuel oil, intercity transportation and fruits and vegetables (which are usually trucked to us especially in the winter.
That's false. There's one of several other measures called the CPIX that excludes those things, but the one called CPI does not.
i reported the video for misinformation
@@anonymous134y Good one ! 👍👍😂😂
How to do that ? I will do it too.
Oh .... wait ... this is CBC- Canadian Brainwashing Corporation. They NEVER spread misinformation.
And trudeau with his new wife will scold you for not care about Ukraine.
Government is the stupidest component of obfuscation.
B.C. is expected to collect approximately $2.24 billion in carbon tax revenue. On the other hand, the rebates paid out to eligible individuals and families, were forecast to be $687 million.
So 55% of those paying get $687 million back. That means the other 45% get to pay most of the $1.553 billion the government keeps. No wonder this retired senior feels like he is getting shafted.
Not sure about BC but part of the federal program pays for the Canada Greener Homes Initiative. BC probably has their own, similar, program.
Why 100L of diesel? Why not 1000. Thats the average tank on a semi truck which brings almost all consumer products to market. Not to mention everything that travels by rail.
There are pickup trucks that are also diesel. And it's not hard to do the math to figure it out which is $210.
F250 diesel and mini excavator after rebate I should only be in the hole$1284 this year. I glad to share my money with those poor people with no car and heat with electricity.
So multiply it by 10?...
Also, rail is ridiculously more efficient than almost any other form of transportation, and we need to move stuff somehow. CN and CPR are free to convert their locomotives to straight electric instead of hybrids any time they want to spend the money.... Lord knows they have it.
They can't convert all their engines to electric, an electric engine couldn't make it over the mountain passes in the winter when batteries drain much more rapidly, they'd have to bring in the diesels to rescue the electric engines making it almost pointless to even try. Many have ditched their electric vehicles for gas ones here because it's too impractical and costs more. People with electric vehicles where I live have to charge them multiple times a day to stay mobile when it's 20 or 30 below which is much more expensive than operating a conventional vehicle not to mention who has the time to sit at a charger for an hour 3 times or more per day when we must work 2 jobs just to make ends meet?@@youngcardinal94
You also need to consider how expensive things will get if, e.g, our summers keep getting hotter and drier (if we don't do anything about climate change). Are you willing to gamble that farmers will be able to figure out how to keep farming under increasingly extreme conditions? It doesn't matter if we remove all taxes from fuel if there's less food to transport.
Forget all the itemizing, as this is pretty easy to figure out. How much did the Government collect in Carbon Taxes and how much did they pay back? Let’s not forget the millions it costs to administer all this. This was asked to Freeland in Committee and she refused to answer! Case closed!
They are only talking about the consumer pricing. Not the Business pricing. Which you pay for while they admit that you will be less productive so make lower wages.
works pretty well when you write the report to fit the narrative eh?
No, his logic is correct, unless you are wealthy and the next generation benefits with less CO2 in the air.
@cbc you missed calculation of lost jobs due to Carbon tax to foreign dictators, China 🇨🇳, India 🇮🇳, Mexico 🇲🇽 & other countries.
@@dootdoot1867just out of curiosity, do you think businesses will voluntarily lose money or do you think they will adjust their prices to offset what they pay in extra taxes?
Like, what would a rational businessperson do given that choice?
Is there a rebate for the tax paid on the carbon tax?
I'm just confused how this tax deters people from spending their money on carbon emitters like gas. We are being told that 8/10 people in Canada get back more money than what they are spending in carbon tax. Doesn't getting more money from the rebate just leave me with more money to spend on gas??
A carbon tax raises the cost of carbon-intensive products like gasoline and home heating fuel and natural gas. In doing so, it will encourage consumers to find alternatives. That may mean taking more public transit or driving a more fuel-efficient vehicle. But it could also mean using smart home technology to heat your home or business more effectively or looking at a more efficient furnace.
But the whole point is not to be prescriptive. It's not to determine by government which is the right way for each of us to reduce our emissions. Instead, the price lets us find our own ways that make the most sense for us.
Those who use less fuel pay less tax, but still get the same rebate as someone who burns a lot of fuel - leaving them financially ahead by comparison. British Columbia, Quebec and the Northwest Territories follow their own carbon-pricing mechanisms that meet federal standards.
Economists offer an analogy to explain that point. Consider a bar that raises the price of a specific beer by $5. When you walk in, the bar tender hands you $5 bill. You can buy the more expensive beer and come out no worse. Or you can pocket the five bucks and buy something else.
Your lying plain and simple the carbon tax increases the price of everything
but if the price of something increases by only a fraction of a penny then it doesn't really matter
@@mstar7520 That is only consumer carbon pricing. Not Business Carbon pricing.
@@dootdoot1867 no it's a general principal, it's not strictly about consumer price OR business pricing, but covers both
@@mstar7520 The businesses sure thing so when the federal government increases the wages and businesses raise prices because they lose money from paying the upped wages. Which means the CEO of walmart can only go on 8 superyacht luxury vacations instead of 10 :(
Or get this....They will increase prices? Shocking right? Replace the carbon tax with a stupidity tax and you'll save the world.@@nofbi8582
Canada is a large country and so much of our food are delivered by trucks, trucks use fuel which are taxed which in turn make the food delivered more expensive. Restaurants use natural gas to cook making their end product even more expensive. In fact every product we buy be it cloth, appliances require transportation, and that transportation is being taxed. The lie is saying you are only paying for the carbon tax at the pump and home heating. No it is added to the price of literally everything we buy. And poor people don't eat that much less food or wear much fewer clothes than rich people.
watch the video
no more eating out
That only shows direct cost. Indirect cost passed on by the supplier, the delivery of the fuel all adds on the final cost.
Not to mention added gst or hit to the base price.
The Bank of Canada said this month the carbon price contributes about 0.15 percentage points to inflation overall. That amount was the same whether inflation was at its peak of 8.1 per cent in June 2022 or 3.3 per cent in July.
@@hosnimubarak8869 where is that article?
@@siegfridmast
Search for "National Post, What we know about how much the carbon tax is to blame for spiking food costs in Canada".
How come I have never received a tebate check. I pay income tax, OAS, CPP? Is there a income ceiling for rebate?
Which province are you in?
Only the CBC could come up with this BS. Carbon tax to heat my house cost me $480 more a year not to mention gas purchases and all the tax collected on everything we buy
Good. Why do you assume you can continue to ruin the climate with no consequences?
@@BCrossing wake up lefty it’s a scam and has been since day one
My bills prove cbc wrong
Lol not to mention this isnt the firstt carbon tax and it wont be the last one Pierre is literally sayingg everything isss far to expensivee and this wont help lol
@@BCrossingthis whole save the environment stuff is bs half of it is caused by China and India so Essentially this carbon tax does nothing for the environment nor are the any findings that it has done anything for the environment
$1600to fill my oil tank, to fill same amount last year was $900. House Insurance from $1200 to $3700., truck fuel was $3000; now $4000, small basket blueberries was $5.00, now $10.00 for less amount. CBC, do you catch my drift?
don't worry, 8 out of 10 of you get it baaaaaaack
That is why we need to de-fund the CBC to let them know the reality.
There is no carbon tax on your insurance.
@@immaleaf4964 Wrong. 2 out of 10 get a small rebate. But it doesn't come close to the 25% increase on everything we buy.
@@mikeb5664 yet
What are the administrative costs related to collecting the carbon tax and preparing refunds for some carbon tax payers.
What is the government doing with the carbon tax inflow of dollars? I would like to know what specific initiatives are pursued.
Mexico: no carbon tax
United States: no carbon tax
Canada: carbon tax
So giving the government money will make the weather better?
I'm happy the government will be voted out soon.
Mexico has a carbon tax.
@@dennisheyes4561 Thanks for the correction.
@@althunder4269 I mean to be fair, Mexico is also corrupt. I don't wanna be like Mexico.
its true....he didn't mention theirs is 3usd a tone and ours is set to be 80!@@althunder4269
@@dennisheyes4561 Canada's carbon tax is 23 times higher than Mexico, that's enough to make it statistically insignificant by comparison.
Imagine the self-adulation required to think that our carbon tax plan is going to have ANY impact on world carbon levels. Insane. Get rid of it.
Really so we should do nothing? that's your plan??
Especially when you consider how much coal we sell to China.
Imagine how much diesel fuel gets used in that shipping process. Maybe if we started subsidizing Chinese companies that use Tesla’s and sailboats.
@@DigSamurai We could help the poorest countries go clean, like India. It would have WAY More impact then whatever we do here. Taxing Canadians isn't going to change anything when we account for less than 2% of the world emissions
@@alcovitch if only it was that simple. You're right we don't contribute that much but we don't control those countries policies and we certainly can't tell India how to do things.
Just because we don't contribute that much doesn't mean we shouldn't do our part.
@@alcovitch Canadians produce more emissions per person than many other countries in the world. To suggest that we do nothing is naive. We are also warming at a faster rate than any other country. There are excellent scientific articles describing the phenomenon. Alternatively, you could talk to the Inuit and they can tell what is happening in the North while the rest of us burn up.
On major things missed here, is that energy resellers use these tax increases as a justification for raising prices well beyond the tax amount. So that extra $8 at the pump will actually be nearly double that
I guess the beer tax is helping the enviroment too less drunk people walking around lol.
Before asking people to reduce driving or heating, show us how much less driving/heating you have done….
Well, let me tell you how much I have done. The average Canadian family of 4 waste about 1000-1500 dollars of food they bought from the store each year. That figure is way higher than what the average family pay in carbon tax after rebate. Our family has made a plan to eat what we bought, and only get news things when we finish the old items. Do we still waste food? Sure, but now waste less than 200 bucks a year. Not only did we reduce our waste but also carbon tax. We also got a smart thermostat and we lower our temperature when people are working and at night when we are sleeping. We pay almost half of what my parents use at their house with a conventional thermostat. As for driving, I always wanted a 5l mustang as a kid, but when I finally got my career going, I grew up and made the good financial decision of buying a used hybrid. I get 800km per 55l of gas. This reduced my carbon emissions and taxes from driving by 1/3 compared to my parents who are driving conventional cars. So ya, our family, without any sacrifices have reduce our emissions and carbon tax by almost 2/5 when compared to someone who did nothing.
Joe is awesome, lol.
@@joeisawesome540 Joe is so awesome and great to hear what real people are doing. You guys are great! Sharing from my end, For us, We already have smart thermostats from the very beginning, also already have home away routine, already lowered tempt at night to 19C. I don’t think we can lower heating further just for carbon without we at home suffering. No. I don’t have hybrid car, to get a new car I have to have money first. But with paying more each month, I don’t know where to get money to upgrade the car. And when we talking within our group, people are totally in for upgrades and home renovations. But again, we need to have the spare money first. And my follow-up question is that with living costs higher and higher, how do we improve to cut carbon without money?
Most people aren't big nerds and likely won't do this... when is your new, and even higher pedestal coming in?
We need to know now you plan to reach Zero carbon emission ? other then exhaling .
A couple working full time making $20/hr each in BC is deemed too wealthy to get any rebates.
I have yet to receive any check from our BC taxman , even so our dual income for me and my spouse was under $30,000 ?
You're not their target demographic. They know they've lost the middle class next election and are desperate to get low and no income voters which is why they're dishing out all these spending programs, which are just campaign ploys.
When I lived in BC I made ~$100k... no rebates, no pharma assistance then one year I got 3 GST rebate cheques for $31/ea ... they must have F'd up.
@azel247 BC is not part of this program!
@@Sylvie_M BC has its own program
There is significant embodied cost in everything we buy that is marked up by 30-50% a couple times thru the supply chain before we buy the item. It’s not just my car fuel and home heating.
Notice how at no point did they mention the comparative amount of co2 released before and after a the tax
That’s not what the farmers are saying !
farmers can't do math.. thats why they are farmers.. talk to their accountant.
@@joeisawesome540 😂😂😂😂😂😂😂😂😂
@@joeisawesome540 Agreed. A friend of mine does accounting for farmers and she says that they literally just give her a box of receipts and she is just expected to calculate their entire fiscal year. Lots of farmers don't know any of their financials.
@@VideoGameMarimbist That's for tax purposes. That isn't because they have no concept of how much money they're making and spending.
@CanadianEhHole Yes but if they aren't tracking their finances then they have no clue if they are seeing increases over time due to a carbon tax.
Meanwhile "Chinese" dictator Turdeau needs 2 private jets for everyone of his multiple vacations each year.
That and all those nice suv's that sit around running waiting for him aren't electric.
Don't forget his $18000 raise in pay this year.
Taxes applied to everything but at the end of the day the end user / the everyday Canadian will absorb the cost through the logistics of shipping and that includes everything you see throughout the retail sector.
So what government do with Carbon Tax?
What about the business owners and farmers?
As a grain farmer I pay a 35% fuel surcharge on grain hauled to elevator terminal? CN removed the rail road near my farm in the 90s so I have no other way to transport grain. Everything transported in Canada has this extra cost!! Tax is a TAX no matter how you sum it up.!!!!
You didn't watch the whole video or at all.
@@CraZY.pRIME. And you are not listening to the farmer. Instead you are listening to news.
Indirect costs are mentioned and approximated towards the end.
@@jupitereye4322You also didn't watch it.
@@jupitereye4322 "News"???
Propaganda.
My BC, Natural gas bill shows $27.88 gas used, and Carbon tax $40.48, annually the tax would be $485.76 for this 1 item. To date I have received $311.33 tax rebate in total, this includes GST etc taxes, this means I am out of pocket with the Carbon tax if one includes all the gasoline, grocery etc carbon taxes. One also has to realize this is coming from the CBC , lieberal government paid friend.
I live in BC and have got nothing. We pay carbon tax on everything. My gas bill is usually over $120 with only a small amount of that is actually gas, $20-$40.
You use the exact same amount of natural gas(12.5 GJ each month) throughout the year?
Yeah! You must be wrong. Don’t look at your own bills, that math is too complicated, listen to the experts. I think the cbc knows a little bit more about your expenditures than you do.
I also live in BC, pay more in carbon tax then the price of the NG, never ever got any rebate, even when I bought an electric car I had to put wife on title to get BC rebate, and no I am not rich just middle class
@@Kala12326 Thank you. "Are you going to believe the CBC or your lying eyes!?"
A single train engine fuel tank is 4500gal. How much do you think its going to cost to fill it up?
How much would it cost to fill up the trucks needed to carry the same freight?
What does the chart miss? The chart misses that not only individuals pay the carbon tax, but businesses too... and businesses just pass on the cost to everyone.
Tax on fuel is a tax on everything, I work for a trucking company and we pass the cost to of extra fuel expenses to our customers, in turn they pass it to the consumer.. not rocket science here!!!
Especially when you consider federal, provincial and municipal employees are all asking for raises as the price of everything increases
iMHZEV? You save $10,000-200,000 and dodge the carbon tax entirely? You or a competitor get to lower your prices and hedge out the competition?
@@Kala12326That leads to something called a wage-price spiral.
Sounds like extra incentive to be as energy efficient as possible .
For short-haul you can electrify.
For long-haul electrified rail should take over (if the rail companies can get their heads out of their asses).
The problem with rail is that North American rail companies are currently obsessed with "precision scheduled railroading". This is a system of cost-cutting involving running overly long trains to save on infrastructure and staffing costs. The problems are:
1. Long trains no longer fit in sidings, so trains can't pass one another
2. Long trains get delayed, so staff are forced to work unpredictable hours
3. The lack of scheduling means that the railroads can only move low-value bulk freight.
Right now all the valuable cargo is either moving by plane or truck because the rail companies need a lot of lead time.
Excessive government spending is the biggest driver of inflation. Carbon tax adds to it. And then we pay tax on the carbon tax. With money that's been taxed.
Where do you get your economic data from? According to the BOC it is caused by: a spike in commodity prices, a surge in the global demand for goods, impaired supply chains.
@@plonk7from the history books. They printer about 500 billion dollars, guess what happens when you print money - you get inflation, happens everytime, to every government that tries it.
Plonk why do you trust the BOC? Are you old enough to know what CYA means?
So the extra tax there putting on fuel is being charged on the trucks that bring are food to the stores with then drives up are prices at the store
youre leaving out the increased cost of everything that needed to be shipped or relied on those fuels. for example groceries that fuel is required to harvest and produce the food, and shipping the food/goods to stores.
You glossed over the next page of the report where it talks about total economic impact. You know those pesky indirect costs. I noticed that page says 60-80% of Canadians are worse off.
The video talks about indirect costs between 7:50 and 10:20. Spending 20% of the video is not "glossing over".
It's glossing over when the bottom line is that when all is said and done, MOST households will be worse off, not better.
Home heating and transportation is not a choice in Canada. It is a must. There shouldn't be any tax on these expenses.
Texas has been taxing gas since 1931. The production of these resources has a cost the public helps pay. Water, food...if i didn't have to pay taxes on 'needs' I wouldn't be paying taxes.
@@nuxkamina So I'm getting taxed because I have to drive to work? How is that my fault?
@@PunkrockNoir-ss2pqis a choice to drive. you can ride a horse to work and they won’t tax you at the pump.
@@cdbuiles yeah and you can live in a cardboard box to avoid a mortgage, it's your choice to live in a house. see how silly you sound?
How would you like to pay for the traffic lights, roads, licensing, traffic policing, hospitalizations? If I walk to work, and you are part of these costs why shouldn't you pay for it? It's not your fault, it's the cost of what you're doing. Until recently there has been an unpaid environmental cost. How do the firefighters and flood emergency workers getting paid? Taxes aren't punishment. @@PunkrockNoir-ss2pq
As much as I hare to see all those numbers. Is this tax before the PST / GST or after? If it's before We are rally getting the shaft.
What happened to B.C i dont see it on your list are we only supposed 4:29 to pay but not get anything in return
Come on , the price on fuel has a direct correlation to the price on most things we buy and consume.
Yes, but I think you are overestimating how much shipping cost is fuel. A loaded semi hauls around 40k of goods. A fully loaded semi uses 40 litre of diesel per 100m. Carbon tax is at 14 cents a litre which means if you are delivering 40k lb of cabbages it will use 800l of gas and pay 120 in carbon tax. Divide that among the cabbages, and you will get an increase of 0.3cents per lb of cabbage. If you go, what if they only carry 20k lb, the semi will also use less diesel, and 2000km will cost around 0.4 cents per lb of cabbage. A little bit more but not significantly more. This is why people are confused about how little carbon tax has on the transportation of food.
this is a complete fabrication@@joeisawesome540
@@joeisawesome540 It looks like you're a numbers guy, I've been trying to find how many times the carbon tax impacts a loaf of bread from fertilizer production to table... wearable parts, equipment end of life replacement (and all the embed cost associated with these items), transportation (and wearable parts), drying seeds, heating buildings, processing (and wearable parts and equipment replacement),.... I'm pretty sure it will only add 0.15% to the cost of a loaf of bread.
@@colingryms3373 well, most of the Carbon is exempt at the farming level as well. I would love to see your numbers
@@joeisawesome540 Only diesel fuel. Natural gas and propane are most often used to heat buildings and drying... those gases are not exempt yet. The bill to exempt propane and natural gas has been on the table for some time.
Ask the parliamentary budget officer. This is blatant "misinformation" we used to call lies.
what would you do if it wasn't?
Agree
@@nuxkaminaits a lie. 99% of people are paying more than they get back. The only people getting more back than they pay are going to be people without cars that live in a very small apartment and dont eat any food. Other than that...youre paying more than youre getting back.
Why go through all the work of collecting the tax, administration and issuing refunds.....if the net result is the government is paying out more than they collect.
If it were the case that they pay more than they collect....is it not going to be more harmful to the environment? As you are essentially subsidizing carbon pollution?
@@GregTGolden 99%? LOL where did you get the data
God forbid you should get facts eh? And explanations? Nah, who needs that, Mr. PP's doing a good job of thinking for you.
You make this seem like it won't increase the cost of food. It is going to, cost of shipping is generally about 12% percent of everything we pay. You guys make it seem like oh this is nothing, it is something. It is something to everyone that buys stuff that is shipped.
No carbon tax on electricity. Sorry that is not true. You pay carbon tax on grid infrastructure maintenance. This is including repair crews, shipping electrical equipments/parts on gas powered vehicles... even bolts and nuts manufactured and use by your electricity utility company.
I'm so confused. Why would we celebrate getting back the carbon tax in a rebate as compared to asking why are we paying it in the first place, just to get it back? Common sense is so lacking in Canada.
Wouldn’t need a rebate if there wasn’t a tax. People ain’t even getting the full amount this is what Pierre’s been hammering on in the House of Commons. This tax has done absolutely nothing what has the government done with everyone’s money nothing. 8 years of this and I don’t see anything in the works to reduce carbon have you seen anything I haven’t. It’s a pointless tax.
Because you are not getting it back.
@@ryans413 Hydro-Quebec has been building a few power plants. I think 4, along the Romaine River. I don’t know about the other provinces but hydro power seems like a very long term solution and Canada has plenty of rivers.
If you emit less carbon, from a flat rebate, you make money. If you emit more carbon, from that same rebate, you lose money. The incentive is to emit less carbon.
@@deaddynamite8568That sounds good on paper but I don't think that people consume less gas when prices go up. A lot of the demand is not elastic, people can't afford an EV, they can't afford not to go to work. The cost of managing this program and the rebates further complicates things. I can get behind moving away from fossil fuels (and I have, I drive an EV and I use a heat pump for my house) but this method seems very iffy.
Time to cut the little luxuries, Disney Plus, Netflix, CBC.
and the other little luxuries.... like transport, food and heating.....
CBC is sadly funded by us... used as bribery from Trudeau.
Three meals a day,Kids hockey
I agree with getting rid of the CBC
Yep, progressive policies make life a bit worse, a little at a time.
How about the fact that everything that is transported by trucks also goes up which is basically every product you own right across the board
What about the clean fuel standard? And the GST on top of both?
With the liberal government increasing federal jobs by 40% What does it cost to collect and distribute this carbon tax
200 million dollars ..just to manage the rebate program
@@JohnyRott0nBetter go with $300k... overtime and all ya know
@@JohnyRott0n Do they take that out of the $600M in HST collected from the CTax fees ?
All it does is justify payroll for useless bureaucrats and it doesn't reduce the amount of emissions whatsoever
Also Carbon tax is attached to the natural gas used to generate a large amount of the electricity generated for the grid as well, whoops so the price of even the electricity they want to move toward.
what about the cost to have a fence built going up because the contractor is paying more for fuel and the lumber company is charging more for their fuel too. It may not be a metric measurable on inflation but now I am paying for fuel that I didn't even buy.
University of Calgary economist Trevor Tombe estimates that the carbon tax is responsible for less than one per cent price increases.
In Alberta, the carbon tax has increased prices by about 0.3 per cent, Tombe said. That’s just 30 cents on a $100 bill. In Manitoba it’s 0.9 per cent and in Ontario it’s 0.4 per cent.
@@hosnimubarak8869 estimates and reality can be quite different. Isn't there a saying about recessions that goes something like "if it feels like a recession is coming then you're already in one". If that holds true then the same sources you pulled here would be arguing against that too. Sometimes all that matters is how the people *feel* about a situation, the details on paper don't always determine reality.
@@torquesteer4594
Inflation in just about every developed country on Earth followed precisely the same curve over the past three years, regardless of whether that country has a price on carbon or not.
Running the numbers you show at 5:28 through a very simple spreadsheet, I can see that those who get a rebate receive a total of $29102. Those who pay more pay a total of $1876. So a difference of almost $28000 needs to be made up (this number would have to be scaled up to represent the actual population). Does this come right out of Trudeau's pocket? I doubt it. Most likely the difference is made up from commercial and industrial taxpayers who then roll the extra costs into everyday goods and services. But since those numbers are never published, one can only guess how much that actually is. The only clear thing, is that these numbers posted make zero sense and are designed to make people believe that they are getting more back than they pay. The real math is insanely simple. Show us how much the government raked in from carbon tax vs how much they paid out in rebates. But I'm guessing we will never see that because that would be actual reporting and not propoganda.
I believe I watched a committee report which stated $26 billion was taken in and $18 billion paid out. Where is the other &8 billion?
It's not hard lol. Check your bank statements, do the math.
@@williamjesse7622 Exactly! The Canada Carbon "Rebate" takes money out of taxpayers pockets. I guess the rebate part goes to JT and his friends!
@@planefan082 Are you saying that you get more back because of what the Libs put in your bank account? Did you even read my post? The math is not hard. You are definitely paying more than that.
@@williamjesse7622 Duh... it's a TAX.
Tell us what that tax is doing to clean the air? Are people being encouraged to fly less. Are politicians flying less?
They want people to walk and bike which is healthy at least
@@Brandon_388 on extreme weather?
The opposite. They're taxing for carbon, then flying in newbies and giving them 1st world standards...with the goal of pushing Canada's population up to 100 million. They can tax more because some will fall for the 'for the environment' virtue signalling.
And there are more cars on the road!
Cost-benefit analysis in the rational consumer theory. Dirty choices cost more = eventually cheaper to live clean
Lots of explanations but where was the explanation for the food bank increase and line ups ???
i fill my tank once a week, single male, so the matt on that is I'm out almost 500 just in fuel and i only get back 150? How does he figure I come out ahead on this?
How much of that $500 is carbon tax?
@@hosnimubarak8869 all of it? he just broke down how much per litre it was.
@@hosnimubarak8869 it also fails to account how much is added to the cost of everything.
@@morimoko
The federal carbon tax roughly translates to 14.3 cents per litre of gasoline.
You do the math.
on the low end I'm paying 371.80 extra a year driving the bare minimum, but I am likely going to pay 500 as I said in my post, this also fails to account for the added expense to transport of literally everything that will be passed forward on to us, and as you should know, economics 101 that tax is also going to hit us in the form of higher prices on everything as companies also seek to split the cost of the tax on literally everthing once again to us.
Whole ton of videos from all the state media on the carbon tax recently. Someone's trying to push a narrative.
Or the Cons have made it their key talking point, but it's based on deliberate lies and misinformation. Who's to say....
lol! Because you disagree, therefore it must be lies right?
Because it's going up on April 1st so there's a lot of public and media attention on it. Not hard to figure out.
@@stoutz some people are dumb.
@@joeisawesome540You.😂
I just buried $13 in my backyard and it is now more vibrant than ever! Nature is healing, the carbon tax is working!
We’ll actually the earth is 40% greener then it was 50 years ago.
@@keithjanzen9657 and it's a lot greener than during the last ice age. we have bread baskets for the world compared to mile thick ice, and the oceans are 400 feet higher.
but warmth and co2 are 'bad'...
You haven't touched on the fact that every thing you buy or use has to be made and transported. those manufacturers and truckers pay the carbon tax and add it into their pricing. I was unaware of the actual carbon tax added to diesel fuel, but $21 odd dollars per 100 L means that when I used an average of 700 L per week (since retired) I would be paying some $147 in tax that would be passed on to the shipper in fuel surcharges, which they in turn passed on to their distributors with their own tax burden, and so on to the consumer.
I’m curious as to why BC isn’t shown in any of the graphs!?
The question should be, are you better off now than you were 8 years ago?
8 years ago I was living in my own one bedroom apartment while making $14 an hour. Today I make more than double that and live with my mother because only room rentals are in my budget and they're only available to Indians
@@smokesletsgo2374 Amen brother. I don't know how shills are out here defending the people in power.
Wonder how this guy getting paid to spin this pile bull crap into gold?
6 figures I imagine
Have you watched his segments? The dude is pretty good and factual for most of the things. Remember, just because you disagree does not mean someone is lying. Maybe t is your bias talking
@@joeisawesome540 bias yes. Only show what makes it decent. Didnt take into account cost to goods or how gst is tagged on and used a chart 2030-31 plus not say how this reduces carbon other than make ppl poor to stop using ya that good governace.
@@lada152 they did dude. Pbo report they are using take in account of the added cost and gst. It says in the report if you actually read it. You are the one who never read anything, and then feel everyone else is lying because you are biased as fk.
@@lada152 you said you watched the video, and you still don’t understand how carbon tax works? Are you kidding me? It very simple, the less carbon you produce the more money you make. So it incentivizes people to shift their carbon emissions such as replacing their aging furnace with a more efficient one, or driving a more efficient car and walk more. When you put a price on pollution, people will shift their behaviour. When pollution is free, there is no incentive to curb pollution since it is free. For example, a person switching from a old gas guzzler car for a hybrid car can see a 40% drop in their carbon tax payment, but they still get the same rebate, which means the more they are careful with their emission, the more they save. So when it is time to replace your car, get a more fuel efficient one like I did.
Ok so at the end it does increase the cost of living but we are supposed to be ok with that cause of what the government is trying to do? ..even though it's going to take a long time and Canadas' carbon emissions are nothing compared to other countries in the world... Good one Mr. Chang
Ok... so what happened to the Carbon Tax Rebate for BC (the country's most expensive fuel due to taxes already) and Quebec?:
The data doesn't factor in cost increases on goods and services
The data also doesn’t factor in the long term cost of climate change either.
One interesting thing is that no one in the CPC is seemingly upset at Danielle Smith for raising the Provincial Gas Tax by 40% on April 1st. There is no Rebate there.
And your “cost increases on goods and services” would also apply to that.
Why no “Spike Danielle’s Hike?”
She's not raising the tax, she's putting the remainder of the tax that was dropped when oil prices were higher. Exactly what she said she would do if oil prices dropped below the specified amount. It's not a new tax.@McLovin1759
The cost of climate change, assuming that exists, will always be there. That's because at 1.6% of global emissions, Canadians can reduce our emissions by 50% and IT WILL DO NOTHING. And even if it did, the benefits DO NOT STAY OVER CANADA.
Something about our atmosphere being Global.
@@McLovin1759
Humans can't control the climate, especially not Canada@@McLovin1759
Yes it does. This starts at 8:46 and the PBO takes all costs into account for all quintiles.
After listening to this, my eyes are wide open. I didn't realize how much we'd be getting back until CBC cleared it up.
So, those who don't use vehicles or fuel will definitely do better than the fringe population who own vehicles.
Imagine how much of a rebate you'd get if you stop eating groceries altogether and maybe just live in a tent somewhere.
The fringe population that own vehicles? I’d say the majority of the population own vehicles
@@Mathew-xr7ktdid the skip the English class that taught you what sarcasm was when you were in school?
we won't be getting this much back , we have been tax for the last 8 years in bc and I have yet to see a rebate
As he showed, most people (~80%) will get back more in rebate than they paid.
@@Meyers1793 you’re being misled by the cbc. If you spend the time to watch pbo’s tesltiminy in the house, he says word for word “counting in the indirect costs from business to business to consumer, most Canadians will see a negative affect”. There’s even a chart he presented that shows the majority of people in every province that has the federally mandated co2 tax will receive less than they pay.
Don’t believe one side or the other, believe in the facts the pbo set forth.
I put $20.00 in my Fuel Tank yesterday and it was at 168.7 L and got less than a half Tank
Soon we’ll pay taxes on the air we breathe 😂
ssssh dont give them any new ideas....
Already trying to tax rain in Toronto.
@@joshg7949 sure why not we pay tax when we earn, tax when we save, and tax when we spend.... if rain tax is introduced ib Vancouver... all BC will be broke....
@@stephensmith1118 theyve already planned and thought about it i guarantee you
carbon tax kind of is
things you forgot about is most people need the money today not in up to 3 months. the other big one is the GST on top of this tax. at the vary least you should never be taxed on a tax.
3 months? nah, you will never get it back
a solid 10, 20% in the cities might get some money but that's it
Oh, but you see, the Great Trudeau once said the carbon "tax" isn't really a tax. It's a service charge, therefore subject to taxing. What a joke.
@noahsylvester1754 I'm about $30 short of breaking even on my gas for my car alone. That obviously doesn't cover power and other things it is hidden in.
I see a lot of people whining here but this tax is a reasonable and fair solution to a difficult problem.
Climate change is real and we're not going to transition from fossil fuels unless it hurts those who use a lot of it.
Every tax after income tax is a tax on tax since all you can pay that other tax with is income you have that's already been taxed.