Algebra was never a strong point of mine. I was told that carbon tax was simple and easy, and now I see algebra. I'm good at balance sheets.
Tell me if I'm wrong on this scenario. The Minister of Finance could define two ministers—say, the Minister of the Environment and Climate Change, and the Minister of Infrastructure—who may dip into the fund, if they want to use this money for projects. They could set out a bunch of criteria for it. Then those ministers could come to the fund and say, “We have a project or program that we want to do in a specified province.” They could requisition money and that would be the “-G”, so that the carbon rebate that would be going to residents would be diminished in the following income tax year.
Am I reading that correctly? The Minister of Finance could determine rules for taking out this money, which should be rebated to residents, so that instead it would go to government spending.
I'm worried about this.