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Finance committee  On that talking point about one year, I want to correct that as well. It's one year in perpetuity. You can only eliminate the carbon tax once. My question to you is fairly simple. If the carbon tax were repealed—which is what Conservatives will do when we are in office

May 2nd, 2024Committee meeting

Marty MorantzConservative

Finance committee  As I said before, and as you just said, if you eliminate the carbon tax, you can only do that once, so it will drop inflation for one year, by our estimate, by about 0.7%. A year later, inflation will go back up 0.7% because the one-off decline in the price level will fall out

May 2nd, 2024Committee meeting

Tiff Macklem

Finance committee  I can follow up if you like with some more representative calculations, but yes, the government has laid out a schedule of increases to the carbon tax, and we can build those into our forecast. Also, yes, they have an impact of somewhere between 0.1 and 0.15 percentage points

May 2nd, 2024Committee meeting

Tiff Macklem

Finance committee  No, but unless there is a way to actually further define it for Canadians, it's very hard to understand whether it's big or small. I'll keep on going, Governor. My next question continues on the price on pollution, which we also call the carbon tax. The Conservatives have also

May 2nd, 2024Committee meeting

Julie DzerowiczLiberal

Finance committee  It's always a little dangerous getting into things that haven't happened and things that could happen, but in general, if there is a tax change—if the carbon tax were to be eliminated—that would have a one-off drop on the price level. Inflation would drop for one year

May 2nd, 2024Committee meeting

Tiff Macklem

Finance committee   a question for you. You are often quoted by this committee for your analyses of the impact of the carbon tax on inflation. When you appeared before the committee on that topic last fall, you gave the example of Ontario. If possible, could you please provide the committee with the results

May 2nd, 2024Committee meeting

Gabriel Ste-MarieBloc

Finance committee  We can certainly provide that information. As you know, the various provinces have different policies and approaches to the carbon tax. In estimating the impact of that tax on inflation, we look exclusively at the three elements with the most direct impacts in each province. We

May 2nd, 2024Committee meeting

Tiff Macklem

Carbon Pricing  That is misinformation, indeed, Madam Speaker. I would invite my hon. colleague to fill the galleries of this hallowed chamber with the farmers who support the carbon tax. I have yet to meet one. The member referenced the farmers in his rebuttal to me. Let me bring up Highline

May 1st, 2024House debate

Dave EppConservative

Carbon Pricing   have continually and steadily increased, which proves that this carbon tax is not working. Can the member actually show the information? The Minister of Environment did not say they are collecting any data to prove that emissions are lowering or that the carbon tax is actually

May 1st, 2024House debate

Gerald SorokaConservative

Carbon Pricing  Madam Speaker, I do appreciate the opportunity to expand a bit more on a question I asked on February 8. I ended that opportunity with a request of the government to axe the carbon tax. Let me first set the context of the situation. Food inflation at the time had been running

May 1st, 2024House debate

Dave EppConservative

Carbon Pricing   form. By not doing so, the Liberals show their true colours, showing that Liberals do not care about Canadian farmers. When looking at the overarching issue of the carbon tax, the Liberals continue to make misleading statements. They claim that eight out of 10 families are better

May 1st, 2024House debate

Gerald SorokaConservative

The Budget   not think that life is becoming more affordable. Common-sense Conservatives have three demands to fix the budget and bring Canadians the relief that they desperately need. First, we say to axe the carbon tax on farmers and food by immediately passing Bill C-234 in its original

May 1st, 2024House debate

Tako Van PoptaConservative

Climate Change  Mr. Speaker, no measure to combat climate change by the Liberals can make up for Trans Mountain's impact on the climate. None of this government's environmental claims will ever speak as eloquently as its huge pipeline filled with tar sands oil. All the carbon taxes, the heat

May 1st, 2024House debate

Kristina MichaudBloc

Finance   and Canada's economy weaker. That is why common-sense Conservatives moved a motion at the finance committee to have Mark Carney testify. When carbon tax Carney is coronated as Liberal leader, Canadians should be terrified of his wacko policies to continue to quadruple the carbon tax

May 1st, 2024House debate

Jasraj Singh HallanConservative

Carbon Pricing   talked about this a number of times. It is the electricity that is used, not the diesel and not the natural gas. Irrigation has a huge use of electricity. One farmer who has an operation showed me the bills, and he is up to $100,000 in carbon tax. There is a small rink in a rural

April 30th, 2024House debate

Martin ShieldsConservative