PBO Yves Giroux breaks down his updated report on the carbon tax | Power Play with Vassy Kapelos

Parliamentary Budget Officer Yves Giroux breaks down how he analyzed the fiscal impact of the federal carbon tax in his updated report.
Subscribe to CTV News to watch more videos: / ctvnews
Connect with CTV News:
For live updates and latest headlines visit: www.ctvnews.ca/
For breaking news, fast, download the CTV News App: www.ctvnews.ca...
Must-watch stories and full programs at www.ctvnews.ca/...
CTV News on TikTok: www.tiktok.com...
CTV News on X (formerly Twitter): / ctvnews
CTV News on Reddit: / ctvnews
CTV News on LinkedIn: / ctv-news
---
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.

[@892303001]

You can't tax your way to prosperity, full stop

[@BobBob-b5d]

Pffff, as if taxing is the only policy implemented out there, 👎. Crappy strawman.

[@dootdoot1867]

@@BobBob-b5d What is a strawman about that argument?

[@vladnovikov4483]

You are missing the point, pal. It's nit about prosperity, it's about changing people's behaviour through economic motivators. Like the tax on cigarettes or booze. Get it?

[@NK-fe3md]

But libs don’t care abt prosperity just immigrate and pronouns 😂

[@dootdoot1867]

@@vladnovikov4483 wait...... so it's punitive to punish behavior you don't agree with? With no real motivator or actual planned outcome outside of that? Just a wish. Because sin taxes historically have never worked. It just creates a more impoverished working class. But I guess it makes you feel better? I don't understand...

[@tomcotter8138]

Enough Let’s vote 🎉

[@77feyonx]

Yup let's send Polievre to the unemployment line!

[@donnarocha4043]

Drop the carbon tax for ALL Canadians, save Canada 🇨🇦 ❤🙏

[@thePubnight]

Can anyone actually say they are better off than they were 5 years ago?!?

[@Ayla876]

@thePubnight I made less 5 years ago, and was doing much better. MUCH

[@drwzer]

Are we just talking about net worth, then yes I’m considerably better off.

[@arthurayva3143]

The average household is loosing money.period...she is trying her best to twist this truth.........

[@jgambler1188]

Yeah, thought the same thing

[@ajimbo12345]

losing -- lose the extra o

[@BobBob-b5d]

The average CT cost is a negative, but the average family does not lose (unless the ppl are big-time polluters). You have to read the actual assessment report and know the specifics. This interview is too vague and didn't go into a lot of the details. It’s because the 5th quintile households, or the very rich (making millions annually), pay much more in the tax (something like 5-6k annually) that this drags the average cost into the negative. But the average household, which make only about 75k, doesn’t pay as much. They actually gain. Only the rich lose, but they have money so they can absorb the little loss.

[@stratford374]

The average household doesn't. Always amazes me when folks like you can listen someone tell you something, backed up with evidence, and you just stick your fingers in your ears and say no. Facts don't care about your feelings, champ.

[@colingryms3373]

@@stratford374 Your statement is incredibly delusional. If you actually listened to the video he states with all things considered most will be worse off. Stating one component without the other is only part of the information since Stratford lives in an economy.

[@nimaakhtarkhavari8766]

You know a country is doomed when the population even considers that a tax will make you richer.

[@stratford374]

No one is saying it'll make you richer. Most Canadians get more back than they pay in, as this gentlemen reiterates, but it's not meant to make anyone rich. It's an economic tool to try and change people's behaviour by reducing carbon consumption.

[@edwardlacey6228]

@@stratford374 An economic tool to change peoples behaviour, and you trust the Liberals. What's your take on Nuclear/Hydro/LNG?

[@Ayla876]

​@stratford374 you absolutely don't.. maybe on the front...sure. economically, absolutely not. You pay carbon tax, then get taxed on that tax. Think of your gas bill. You use $20, but your bill is $150. Look at the breakdown. Then if a trucker and farmer are charged insane amounts (which they are), that directly affects your food because they're not taking that hit....

[@daveprosser941]

@@Ayla876 You use $20.00 worth of gas, but your bill is $150.00 SURE it is. BTW Farmers are fuel exempt on carbon tax.

[@Ayla876]

@daveprosser941 bet... My April 19th, 2024 bill (ontario, through Enbridge gas) Customer charge: $22.88 (usage) Delivery charge: $26.44 Transportation cost: $11.00 Carbon Tax: $32.50 (more than I used) Gas supply charge: $26.07 Cost adjustment: .53 cents HST: $15.53 TOTAL taxes on my $22.88 usage: $48.03 Oh and apologies, my total bill was $119 (there were some unnamed charges I didn't include, which included more taxes).

[@winonebud]

Carbon tax is starving out Canadians. Get rid of it.

[@daveprosser941]

It's not starving me. I've done a cost - benefit on my expenses. I'm actually ahead with my rebate, AFTER purchases.

[@BeefyTacoCS]

He literally just spent multiple minutes explaining how you are wrong.. Quit parroting nonsense that you heard from your great tiny PP leader.

[@tristansharp-mm3jz]

@@BeefyTacoCS Yeah we're all better off in 2030-2031 DUH

[@guestuser7814]

@@daveprosser941

[@misterchristian123]

Well, when PP becomes PM next year, he'll be eliminating the carbon tax immediately.

[@BobBob-b5d]

If by chance little pp gets in then you will be in for a surprise when after he's done that yet everything still costs the same. Be prepared to be disappointed bigly.

[@ajimbo12345]

@@BobBob-b5d LIke the word bigly so I believe you'll be bigly wrong.

[@BobBob-b5d]

@@ajimbo12345 I will be bigly right because I actually read articles from sane sources. I almost wish little pp was in office right now so you can see how wrong you are and go crazy defending him.

[@ajimbo12345]

@@BobBob-b5d Waited almost two hours to shake his hand and speak shortly (not bigly) at his Barrie leadership rally. Seemed pretty sane to me.

[@Jim-jg3xq]

2030 / 2031 WHAT A JOKE!

[@RossinBC]

Someone needs to tell Steve that this is 2024...6 years is a long time to starve and freeze!

[@jonathonodonnell253]

Yea when any of the liberal thieves are no longer working.

[@Joshua-zw7jl]

So basically, you get more back only if the economy didn't exist?

[@sloburnjo]

Giroux just proved that LIB social engineering does NOT work

[@gigi6374]

if you did not eat, go anywhere or heat your home, then yes, the rebate would work in your favor. You would be better off. But only under those circumstances. So, I guess, anyone living and working does not qualify as being "better off".

[@daveprosser941]

Depends on how much you buy. I come out ahead.

[@steveunderhill5935]

@@daveprosser941 I hope you invest your cents well. How did you estimate what you spent?

[@daveprosser941]

@@steveunderhill5935 I added 3% to everything that did not include carbon tax on the invoice, added up all my gas receipts, added 10% to every tradesperson's bill that I had to pay for work on my house (They use large trucks) That's it. My house is heated by heat pump.

[@edwardlacey6228]

Ok Vassy, I think I've made up my mind I would like an election!

[@stratford374]

No thanks!

[@KatieKatCan]

Let's just call it what it is, a WEALTH DISTRIBUTION SCHEME

[@TJCan-lz8kl]

Vassy is really really trying hard to find something positive to favor Justin. Bottom line households are worse off as a result of this carbon tax.

[@tekskilldev8310]

She is not just presenting data to which the officer concors. Gaslighting is not being truthful.

[@daveprosser941]

I actually come out ahead, AFTER purchases.

[@theowoytowich9959]

@@daveprosser941 Are you sure???? The $100 of groceries you bought this week, how much carbon tax did you pay???

[@daveprosser941]

@@theowoytowich9959 Well I bought 76.00 but $2.28. I use 3%... which is about 8 times the amount the consumer price index says I should use.

[@gregoryashley1721]

I actually liked her before this moment

[@daverdal1]

Only a fool would think you can change the weather with a tax. Canadians must be ignorant.

[@bobcrane9945]

You clearly do not understand the difference between weather and climate Dave. That being said carbon tax is never going to work in Canad.

[@wardhemstock1893]

Vote the Beggars out!

[@sithumsamaraweera360]

If anyone think a tax is beneficial, then seek help IMMEDIATELY.

[@martinfriesen2247]

The industry taxes will be reflected in the price of consumer goods. We DO pay the industry charges so they should be included.

[@Doug_BC]

The CUSTOMERS of all of those industries pay most of each respective industry's charges. And in at least some cases, those customers will be living in foreign nations who have imported those products FROM Canada. But yes, Canadian customers in Canada will pay those charges in the form of higher prices. Plus PST and GST, of course.

[@evanhammond7305]

Basically the productive lose out and the lazy gain

[@NaoCut]

If only there was no economy, we will be doing great!

[@stratford374]

That's an idiotic take.

[@NaoCut]

@@stratford374 explain genius

[@winonebud]

Summary: If you don't consider all the factors, and want to live in fantasy, you get more money back. When you do consider all factors, and consider reality, you end up paying more.

[@BobBob-b5d]

It depends on your income level and behaviours. If you're a poor guy, which sounds like you are, then you make money on the CT whether using just the fiscal or the fiscal+economic assessment. Generally speaking, Households with income under 120k/year are making money now, in the intermittent years, and still into 2031. If you're in this income stratosphere then you're going against your own interests because of being ill-informed.

[@rayfunk5659]

There is some significant deception here. Supposedly, a Saskatchewan family will have a net gain of $1205 annually. I know i will receive a family benefit in terms of a carbon tax rebate of $1353.60 annually. The carbon tax on home heating in Saskatchewan is a contentious issue, but I do pay carbon tax on motor vehicle fuel of $0.143 per litre. I use about 3500 litres of fuel annually. That's $500 in carbon tax on fuel alone. I'm not qualified to calculate the impact the carbon tax has on goods and services that I purchase, (and also pay GST and provincial sales tax on), but I would be quite surprised if the remaining $853.60 will cover it. Now, how do you calculate that I'm $1205 ahead? Perhaps the budget is balancing itself?

[@daveprosser941]

You spend $500.00 on gas for your vehicle per month?

[@rayfunk5659]

@@daveprosser941 At a minimum.

[@TimDyck]

The tax supposedly reduces emissions but since the tax came in emissions increased every year except 2020. That alone shows the tax is not working and should be scrapped.

[@daveprosser941]

Actually it's industrial emissions that have gone up.

[@carlogervasi5393]

These guys are crooks!

[@Chriskiller27]

Carbon Tax is still a tax and the rebate is just petty money. Im okay to pay tax to get services better but hearing all the allegation of corruption in green slush funds and where the tax payer money is going and being spend is what most Canadians are upset about!!

[@grandmufftwerkin9037]

Justin's basic Trutatorship must end.

[@jonathonodonnell253]

Ooohhh so much better now, it’s not 90% it’s 93%. But with no tax it’s 100% I get to keep. Axe the Tax.

[@rafial81]

Trudeau's regime and his taxes

[@alberte97]

If everyone gets money back, then, what are we fixing?

[@clydemifflin3600]

Nothing.

[@daveprosser941]

The previous analysis of costs after average purchases, and rebates to average income families. Not everyone get's a rebate, it's means tested.

[@steveunderhill5935]

It’s like getting a return on your taxes… you already over paid.

[@daveprosser941]

@@steveunderhill5935 No it's not. I literally get more than I paid in my quarterly rebates. Substantially more.

[@user-xj9vf4xb9p]

When you tax energy the price of everything goes up, simple as that. Almost everything runs off carbon.

[@jasonplante191]

Axe the tax. We could not possibly know exactly how much truckers and how much groceries stores are charging for this. My brother is a trucker and pays almost 500 a week in carbon tax do the math not worth the cost. Get these green loons out of here. It's funny since all this green stuff came out in 2015 the world has gotten significantly poorer I wonder why.

[@FrankCharette]

Why is Canada trying to save the world when we are so insignificant on the world stage?

[@funkopopssmoked]

I agree with pierre axe the tax thats where my vote goes

[@tigerstyle1450]

Over taxation = stagnation.... That's economics 101

[@PhillipLegare-o5z]

Why debate when Pierre Polievre gonna scrap it anyway when he become prime minister 😂😂😂

[@jasonthompson7230]

Yes he will. Because CPC is build nothing, do nothing, aspire to nothing. Pick fights and waste money.

[@donnarocha4043]

Exactly, Canadians are taxed to death 😢Canada 🇨🇦

[@Diane-r1r]

Why not have a climate change scientist debating Guilbeault?

[@clydemifflin3600]

I'd love to see that. He shouldn't even be in our government, he's a convicted criminal. Since when do we take advice from a radical activist who broke the law. Let's have an expert, not a criminal activist.

[@daveprosser941]

Why? To debate whether climate change is real? As in a climate change denial scientist? Don't understand what you're asking.

[@clydemifflin3600]

@@daveprosser941 The convict climate minister is not an expert or scientist, he's a radical activist as history has shown.

[@fkb247]

Climate is always changing, but you get extremists going to far.

[@debbiemurphy5414]

British Columbia pays this ridiculous carbon tax, which drives the cost of living up. We get zero in rebates, total money grab. Today I voted BC Conservatives and will vote for Pierre when the separtive party and sell out singh let Canadians have an election ❤

[@BronsonWally]

At least you are with the program and voted for B.C cons, not the garbage NDP party

[@daveprosser941]

So you make too much to get the B.C. Climate Rebate?

[@shanesteele778]

What about the GST on top of the Carbon Tax A tax on a tax then add a clean fuel tax on top

[@Freefarmer533]

Did they take into account if MAID was factored in!!!

[@captainron948]

What we have here is a case of alterative fantasy math. Sorry Yves but Canadians see right through you.

[@acourtine68]

2030-2031, Lets do 2024-2025

[@BobBob-b5d]

You're up, making a profit, for the most part if you're in the 3 lower quintiles, under 250k/year, which most Canadian households are. The average household income is about 75k/year.

[@BobBob-b5d]

And read the dam report then you won't be so scared and get tricked by little pp and his cons.

[@daveprosser941]

Same ratios basically but lower cost / Lower rebate.

[@viorelstan408]

No matter how you look at it, an apple is an apple and a tax is still a tax......

[@sawmilldoc]

2030-31 what about now.

[@gigi6374]

I am glad you caught that too. He is not being as honest as he pretends to be. He is letting his obvious ideological bias get in the way of being a neutral observer. But what does that say about how bad the tax is, if he has to start 6 years in the future and his base or starting numbers are not accurate? With too, many variables in the equations he cannot possibly solve for X.

[@BobBob-b5d]

You profit until then. And depending on your income stratus, if less than about 120k/year, you keep making or at worst,breaking even in 2031.

[@daveprosser941]

@@gigi6374 You can look at that from the opposite point of view though, in that he is essentially saying "If you paid this higher tax rate now it would cost you "X" In fact, we are better off than that right now, as the carbon tax has not yet risen. In a previous post, you implied he was cherry picking locations in order to make a ideological point, favouring the tax. But I live in B.C. in a house, drive a car, and I am better off after purchases and rebate.

[@gigi6374]

@@daveprosser941 your province does not pay carbon tax, so yes, you ARE better off- you and Quebec do not pay carbon taxes. If you did not even know that, then maybe you should further investigate this topic. Heck, even in this puff piece, they stated this clearly.

[@gigi6374]

@@BobBob-b5d nope, do the math.

[@divadivad9164]

I've edited myself. I shouldn't have said "Here in BC we get $0 back", it should iinstead say diddly squat. If the running basis is that individuals or families will get back more than they pay into it, then I'm getting NOWHERE near what I'm putting into it which may as well be $0.

[@daveprosser941]

That is not true. B.C. has their own carbon tax, and their own rebate, known as the Climate initiative. I get it it in my bank account every 90 days. I live in B.C.

[@divadivad9164]

@@daveprosser941 The thresholds are $41,071 for individuals and $57,288 for families. So for the amount of "carbon" tax I pay every day whether it be for fuel or groceries etc., I'm not entitled to it because I make $1 more rhan that threshold?? Make it make sense.

[@daveprosser941]

@@divadivad9164 The idea is supposed to be that you can afford those costs and reduce what you use on your own. Those figures look odd to me though... What province?

[@fkb247]

​@daveprosser941 Is that you, Gary

[@daveprosser941]

@@fkb247 No. My name is right in my profile...

[@lawerencecohen8287]

I pay $1.04 at Ambassador bridge Detroit (Canadian currency) or $1.449 in Windsor. Carbon tax, no impact you say?

[@jefftaylor844]

More taxes, PLEASE !

[@Zebra_3]

time to fairly tax air...you breathe more, you pay more.

[@VandaleighIndustrial]

Finally someone who gets it! We will tax ourselves to prosperity and finally end the natural cycle of freezing and warming that the Earth has been subjected to for hundreds of thousands of years!!!! Praise Allah 🙌

[@jefftaylor844]

@@VandaleighIndustrial ... LOL ! You're making too much sense !

[@VandaleighIndustrial]

@@jefftaylor844 Praise Dr Fauci and Saint Trudeau

[@fivebuckty1043]

They aren’t even factoring in the fact that the carbon tax is what’s causing a big portion of inflation. It cost more money to ship food to the grocery stores. It cost more money for companies to do services or conduct business so what happens at this point is all of these extra costs get passed the consumer so in the run of a year I’d say the average Canadian is probably paying upwards of 2000$ to 3000$ in carbon tax minimum to get back maybe 500$. To hear that canada at 2 percent wont make a difference and it proven that paying this tax is doing nothing. Its helping the government pay for natural disasters. Not what its intended to do, natural disasters aren’t green initiatives.

[@daveprosser941]

The semi tractor trailers that deliver to grocery stores hold a ton of food. the per unit transportation costs are not that significant. One place the carbon tax HAS made a difference is with trades and other companies that have to use large vehicles to do their jobs. That is a cost that ends up being passed on. Most of the food price inflation is not inflation per se, but price gouging. Food prices are way higher than the actual rate of inflation has been for a year or more.

[@pheejl7534]

It's not big, like you said. Several reports already stated the CT effect on inflation is only around 0.15%. It's not nothing, but it’s very low on the scale. This was all discussed last year already yet you're still falling for the Cons’ deception.

[@colingryms3373]

@@daveprosser941 Who's price gouging? Grocery retailers profit margins are the same. You are correct in saying profit is up. Would a rapidly growing population increase profits?

[@daveprosser941]

@@colingryms3373 Colin, I'm not sure what you are driving at here. On the one hand you say margins are the same, but then say profits are up. Are you alluding to price fixing? Not sure what population growth increasing profits question is about either?

[@gorgeousgeorge5173]

How come Alberta wasn't an example Province? Because we pay twice that of Sk.

[@gigi6374]

there is a reason he chose those specific provinces. Ontario has mostly highly populated urban centers, so the average person there does not drive as much to get to work and lives in small apartments. The eastern province he chose is exempt from paying carbon tax on some portions of their heating, so they end up looking like they are better off, when they are not. The starting premise of his equations are flawed and that is why the numbers, although they still prove the conservatives point, are not showing as bad as they truly are. He is letting his ideology get in the way of being open and honest.

[@jasonthompson7230]

?????

[@daveprosser941]

@@gigi6374 That's your opinion, not a fact.

[@dootdoot1867]

@@daveprosser941 huh?

[@daveprosser941]

@@dootdoot1867 What's confusing? Why the "huh?"

[@garthsmith6609]

No, there's not two truths, just one. The policy negatively impacts me financially. Liberal spin in full view for all to see.

[@terryelliott9016]

It comes down to how we do after all is considered and in that respect we are all worse off with the Carbon Tax and for further insult to injury, we make no impart in climate change. What conservatives have been saying for years. Thanks again

[@MikeJones-vb1me]

Nice of him to admit that the carbon tax has zero effect on the climate, but why doesn’t he account for inflation increasing the cost of living into his calculation for how much increasing taxes costs Canadians?

[@daveprosser941]

Maybe because inflation, a worldwide problem, has nothing to do with the carbon tax?

[@MikeJones-vb1me]

@@daveprosser941 except it’s not nearly as worldwide as they’re telling you

[@ianleslie6971]

NOmatter what it's always going to be B washed. The cost of Bureaucracy is always going to be getting huge cut. BC taxpayers only payout ,no refund agreement. The industrial portion is also passed along to consumers in all ways. All of which is justinflation along with the detrimental effects ensuring Canadians are poorer with a spiraling effect.

[@daveprosser941]

B.C. Residents DO get a carbon tax refund. I know. I live there.

[@ianleslie6971]

@@daveprosser941 Really, I'll have to start opening my mail again 😇

[@MikeSmith-vo2yt]

Shell game

[@chrisgalliher5643]

He better go back to school

[@daves3819]

According to Environment Canada's own data winters are getting warmer (saving Canadians Billions$$$), summers are getting cooler (saving Canadians Billions$$$), and there are fewer extreme weather events (saving Canadians Billions$$$)!!

[@captainpoil]

6:40 says it all.....

[@jasonthompson7230]

If all countries that contribute less than 2 percent of emissions did nothing, that would be half the world's emissions. You see there's a problem there, right?

[@captainpoil]

@@jasonthompson7230sounds like the countries that pollute the MOST are still the problem....

[@BobBob-b5d]

@@captainpoilIt's everyone's problem, even for the ones who contributed less to this problem.

[@daveprosser941]

@@captainpoil Yes, and I can use that logic to humiliate Canadians. We are in the 3 top emissions in the world on a per capita basis. See how that works?

[@captainpoil]

@@daveprosser941 🤣

[@BobBob-b5d]

Currently this year, 2024, you're up making a profit, for the most part if you're in the 3 lower quintiles, which is under 250k/year. Most Canadian families are in these quadrants. The average Canadian household income is about 75k/year. You will continue to profit in 2025 and so on until 2031 whereby you might just break even or lose the amount of a McDonalds family dinner. Even Poilievere admits now that 40% of Canadians get more back from the rebate. These are the middle and lower income ppl, which many of you ill-informed complainers fall into.

[@theowoytowich9959]

I guess you miss the point, if you take the overall impact of the carbon tax everybody loses

[@BobBob-b5d]

⁠@@theowoytowich9959In the year 2030 it is a negative; the average cost is more using “fiscal + economic impact,” or as you put it, “overall impact.” That being said, the negative average does not mean that everyone loses. The middle and poor classes (about 40% of households) make money. Only the rich (or middle-class ppl who are net polluters, like having huge gas-guzzling cars, etc) lose money. But they have money so they can absorb the little loss. They pay a lot more into the tax so it skews/drags the average into the negative. This is important to know and understand. The rich can mitigate or offset this loss by changing their bad habits, however. The CT is meant to adjust their likes and behaviours.

[@BobBob-b5d]

I wrote more but this site is ghosting some of my posts.

[@PaulK-el9zx]

They missed the whole part where how much of the carbon tax is passed onto consumers through higher prices from companies that pay carbon taxes. re transporation companies.

[@lgraff2301]

FYI. It's 2024 right now, not 2030. Talk to me about right now. Also how can you not look at economic impact?

[@BobBob-b5d]

You profit now, the next year, and until then, if your household make less than 250k/year. And depending on your income stratus, if less than about 120k/year, you keep making or at worst, break even in 2031. Read the report.

[@chrislaverick6413]

@@BobBob-b5d not true, we dont profit at all and we make gar less than 250k

[@BobBob-b5d]

@@chrislaverick6413Then the issue is likely you. You're probably a net polluter. The average Canadian makes. But that all depends on which province you are in, your income stratus, and the lifestyle you live.

[@daveprosser941]

@@chrislaverick6413 I do. Live in B.C., Live in a house, drive a car.... Have changed to a heat pump year round though.

[@woodesroger]

Yeah you'll see this later, don't worry what's happening now though, if you make it through the next tbit you'll see that

[@abe-brown]

Nice work for the host to make the case for the costs of “climate change” lol

[@jasonthompson7230]

Needs to be factored in.

[@daveprosser941]

"Costs of "climate change" lol" What are saying? That climate change does not exist? Or that it does not affect perishable crops and their growing season? If so, ask any farmer. They'll be happy to tell you.

[@staceyiwaskow320]

Insurance costs, etc I think she wants to account for too but that would be a very difficult one to figure out.

[@Rorex99]

We should be focused on climate adaptation not taxing a small portion of greenhouse gases. 2023 Wildfires put out almost the same emission we emitted in 2022 but we are focused on a tax where 97% is returned to the public?? We should be focused on preventing wildfire with firebreaks and increasing our ability to respond to wildfires, that how we can help save the planet.

[@evanhammond7305]

I'm sorry but I haven't gotten a rebate why is this?

[@daveprosser941]

Are you above the income threshold?

[@evanhammond7305]

@@daveprosser941 no idea I'm not very wealthy

[@daveprosser941]

@@evanhammond7305 If you are in a province that has it's own carbon tax, you should be able to find info on your provincial government site as to what the max income you can still get a rebate is. If not, you would go to the Government of Canada site and do the same.

[@W4SH]

there’s no reason to tax your money if you’re getting it back.

[@thepigmanlives6721]

Even if you got a small amount back from the carbon tax. It isn’t worth it when you consider how much it’s increasing cost of groceries etc. The average household would save more money from removing the tax than the rebate they would receive.

[@BobBob-b5d]

The average household income in Canada is 75k/year. Generally that is within range to get more money back from the CT rebate even into the year 2031. Read the report. You only lose if you're making over 250k/year, and that's only if you remain stubborn and don’t change your bad(?) behaviours/habits.

[@ztracks7600]

Don't experts look at all the data as a whole to determine the impact of policies? I guess doing that makes the Liberals and NDP look bad. 😂

[@billbroderick9599]

A bag salad at super store in grande prairie Alberta was a little over $4 dollars before selling now for $ 7 dollars what do you think about carbon tax thats only one item

[@BobBob-b5d]

The CT has a minuscule effect on the cost. It is something like 0.2-0.3%, so for every 100$ you spend at the grocery store, you're just paying an extra 20-30 cents. Negligible. Then you get the rebate back (4x per year) and make a profit or break even, depending on your income stratus.

[@daveprosser941]

Price gouging. Stop and think about how many bags of that salad fit on a semi trailer. Now multiply that by the extra $3. it's way more than their fuel price. It also depends on where that salad is coming from, and wheter they have had climate that has increased costs of production...

[@theowoytowich9959]

@@BobBob-b5d Can I see your calculation please!!

[@BobBob-b5d]

@@theowoytowich9959 Search up the University of Calgary’s report on the CT effect. It shows the numbers on various costs in various sectors.

[@BobBob-b5d]

@@theowoytowich9959Search up the University of Calgary’s CT report. It will show the various costs in various sectors.

[@ImNotNormAll]

It used to be called "revenue neutral." But now we get more than we put in? They really think Canadians are stupid.

[@srdjanbukvic3336]

You cant pick and choose what you want to pay for a loaf of beead as example. The price includes ALL factors.

[@jasonthompson7230]

The grocery stores can pick and choose the price of a loaf of bread. Until they got caught doing it.

[@xtremeleafan]

So let's throw out any trade agreements Canada has with Europe due to the fact Europe insists that a carbon tax is in effect as part of any deal made in the area of trade.

[@wallybartfay56]

Worse and most idiotic and destructive tax in Canadian history

[@jgambler1188]

Things seem really expensive these days

[@melchorcatambing-s6u]

Axe the carbon tax. Carbon tax will never reverse the climate change but will cause Canadians hungry and homeless.

[@marekZburewski106]

If the net is supposed to be neutral, why even bother with the tax?

[@marcschryer5843]

Have you check the price of butter

[@PaulK-el9zx]

Ya 7.49 insane.

[@NK-fe3md]

@@PaulK-el9zxwhere ? It’s 4.40 in Waterloo, ON

[@rays1443]

I wish vassy would ask the PBO how he calculates what the average CDN pays in carbon tax. Being that most of it comes from fuel . Is it based on a family of 4 owning one car or two cars, driving how many kms a year ?

[@VikFive]

You notice that’s 7 years from now without predicting the constant years carbon tax increase. Did you notice the carbon tax percent increase is greater than the percent relate increase from last year. Also food costs are higher which has an energy component because it doesn’t appear by magic in the store. Also farmers pay huge carbon tax on their heating energy costs. They are not getting the carbon tax rebate.

[@daveprosser941]

This IS at the carbon tax level for 2030/31 That's literally what it says.

[@davedimarcantonio5469]

And what about the effect of charging HST on top of the carbon tax?

[@ryanbarton9388]

Vassy almost wanted to say the carbon tax can stop forest fires.

[@thegreatleonidas22]

They give you 2 conclusions so they won’t give you the truth. The truth is your worse off. Tax is a tax. Tax is to take more from you point final.

[@pheejl7534]

Some of you guys must have seen the Dannielle Smith video (2021) praising the Carbon Tax Rebate. Before Poilievere made the issue political Smith was all giddy about it how even she, the AB premiere, gets more money back.

[@horsegirl868]

So what’s the purpose of this tax’s if everyone is better of wouldn’t the government loose money. I don’t think the government would put this taxes in place if they weren’t making money. I’m with the conservative sick of hearing this gas lighting. If this taxes is so grate why wouldn’t the world do it. 😮

[@jasonthompson7230]

Many countries do have carbon tax. Some for 25 years plus.

[@horsegirl868]

Do you feel better off

[@daveprosser941]

@@horsegirl868 I AM better off.

[@horsegirl868]

What makes it better for you.

[@daveprosser941]

@@horsegirl868 Simple the tax is costing me less than I get back in rebate. I live in a average sort of house, insulation wise, drive a small gas car as infrequently as I can, don't have solar, but DO have a heat pump.

[@airborne_12v]

Please help BC conservatives win we need a change from this awful provincial NDP

[@tarekadam9652]

On a Bell curve how many families are “average”? Just a few percent?

[@MikeSmith-yl5fw]

Yeah, but this is set for 2030-2031 at the top not 2024

[@BobBob-b5d]

That's why most Canadians profit now and for several more years.

[@daveprosser941]

Yes. Currently both the tax and the rebate are lower.

[@LT-xo3dj]

Carbon tax has done nothing but make everything expensive and is going up this April so everything will go up again including groceries and home heating . Sorry but I don’t believe Steven Guilbeault. It’s time Canada let’s bring it home Canada GO PC GO PC

[@dannyb8692]

I live in BC, I don't get a rebate. I am not better off.....

[@daveprosser941]

Then you must have a high income. B.C. has their own rebate, gets deposited in your account every 90 days.

[@dannyb8692]

@daveprosser941 I am above the threshold, however it's still more money out of my pocket. And BC carbon tax is not revenue neutral.

[@daveprosser941]

@@dannyb8692 No, It's not revenue neutral if you are above the income threshold. So how much are you comfortable paying to help reduce emissions? Anything? Nothing?

[@darksidecyclist]

We have lots of trees that off set our 2%…..

[@JulianaRose-v5q]

407 Efren Port

[@towhomitmayconcern1531]

I’m certainly NOT better off. Wealth distribution.

[@stephenstaeger1888]

When will the climate change be taken care of?

[@BK-qd2dp]

In bc we don't even get a carbon rebate, so we're getting hit double, the inflation caused by it and a 5th gas tax.

[@AbeySampson-ow8pz]

Millions of illegal refugees, immigrants and gold diggers students from India do not pay any taxes Vassey do you understand English or not

[@bluesky20233]

Make sure your facts are straight and you 🤡's don't alter the video again

[@patalberta5493]

I want to be richer so I would like to pay more carbon taxes please so that I can be in same status as Elon

[@causerDAguv]

I still don't understand if this is a positive or a negative???

[@daveprosser941]

Depends on how much you make, how much carbon you burn. How much you make because the program is "means tested" How much carbon you burn because that's where you are directly charged the tax. Some provinces, like Alberta, B.C. have their own carbon tax programs, so if you make less than slightly above average earnings you will probably break even. Less, you will get a rebate.

[@CountyAuto]

You get "more back today," but in the long term you lose. So the long term "solution" has short term reward lol Talk about "generational fairness" hahaha you boomers are the worst generation ever.

[@Al-lv7vg]

Aren't they terrible! Setting you up with so much privilege that you think you are a victim.

[@CountyAuto]

@Al-lv7vg privilege is to inherent the system and prosperity and run it into the ground in one generation. The silent generation set you boomers up for success, and look what mess you're leaving to the next generation. The worst generation ever!