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Climate Tax Cost Per Household

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Climate Tax

Climate Tax Cost Per Household  #LSN_Opinion


By Jeff Bowes
CANADIAN TAXPAYERS FEDERATION

To estimate the cost to Canadians of the tax required by federal government’s carbon tax plan we used the CO2 emissions estimates from Canada’s Second Biennial Report on Climate Change submitted to the United Nations Framework Convention on Climate Change.

The federal plan requires a $10 per tonne price in 2018. With estimated CO2 emissions of 761 megatonnes in 2018, the tax will bring in $7.6 billion. The tax requirement increases up to $50 per tonne in 2022, and with emissions expected to be 774 megatonnes the tax will bring in $38.7 billion

The per person estimate is based on a 2016 Canadian population of 36.3 million. Based on the population growth estimates from the report to the UN (1% from 2013 to 2020 and 0.9% from 2020 to 2030), it is a tax per person of $210 in 2018 and $1,028 in 2022.

To get household estimates we use the average household size of 2.5 from the in the 2011 census. That means the tax will cost the average household $524 in 2018 and $2,569 in 2022.
 

Canada may already be carbon neutral, so why are we keeping it a secret?
http://business.financialpost.com/fp-comment/canada-may-already-be-carbon-neutral-so-why-are-we-keeping-it-a-secret

Here’s a seemingly simple question: Is Canada a net carbon dioxide emitter? You would think so from reading news headlines. We’ve earned the scorn of environmentalists, NGOs, and media outlets galore, labelled with such juvenile epithets as “fossil of the year” or “corrupt petro-state.”

Sadly, lost in all the hyperbole is the actual science. There is nothing quantitative about the vague idea that, as a “progressive nation,” Canada should be expected to “do more” to fight climate change.



 

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