Of course it affects the cost of living. Every tax affects the cost of living in one way or another. However, it is only one in a suite of taxes we have in Canada.
The original consumer carbon tax, if you remember, we were told, didn't affect inflation. Of course it did. Any economist worth their salt knows that, and any average person probably knows it too.
Some of the spin here is a problem. People have been lied to about the impacts of these taxes, and the industrial carbon tax is just one of many, that, of course, feed into the cost of living.
Also, because it falls so heavily on the energy sector and because it's a relatively high-emitting sector, transportation.... We import a lot into Canada and that has to be transported. Most of it is transported by truck. There you have a very direct relationship between the price of gas and how it feeds into prices for pretty much everything, consumer goods, food naturally, and so much else.
Again, we're a big importer. We're a big exporter too, but we are a big importer. That's one way it definitely impacts the price of pretty much everything.
