Americas > Canadian watchdog estimates C$1 bln impact from removing federal “tax on a tax”

Canadian watchdog estimates C$1 bln impact from removing federal “tax on a tax”

Published 19:05 on January 23, 2024  /  Last updated at 20:04 on January 23, 2024  / /  Americas, Canada, Carbon Taxes

The removal of the federal goods and services tax (GST) typically applied to Canadian carbon pricing would reduce federal revenues by C$1.0 billion ($741 million) in 2030-31, Canada’s government budget watchdog reported on Tuesday.
The removal of the federal goods and services tax (GST) typically applied to Canadian carbon pricing would reduce federal revenues by C$1.0 billion ($741 million) in 2030-31, Canada’s government budget watchdog reported on Tuesday.


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