Thursday, January 24, 2008

Carbon Tax Hits Quebec Consumers

Quebec is the first Canadian jurisdiction to impose a carbon tax. Quebec's Liberal government imposed a .08-cent-a-litre gas tax and a 0.67 cents per cubic metre natural gas tax that starting Oct. 1. The government's spin was that oil and gas companies with deep pockets would have to pay it.

Didn't quite work that way. The price of gasoline at the pump has now increased and the gas company Gaz Metro's customers will now pay about $15 per year to cover off the carbon tax imposed on the gas company.

The cost of carbon taxes in the UK are also passed along to consumers, so the energy price increase in Quebec should be no surprise.

Stay tuned, more tax increases are on the way.

No comments:

CTF You Tube Channel

Canadian Taxpayers Federation's Fan Box