Mr. Speaker:
Carbon taxes are before income tax operating expenses and at least partially deductible from royalties payable by resource extractors (while families pay...[more] after tax income). ...the revenue gap in BC’s income-to-carbon tax shift is...[about] $600-million.
There is nothing revenue neutral about this.
It was further demonstrated that B.C. carbon tax credit payments to low-income families were far less than the gross amount of carbon taxes collected from the same families. There was no recycling of tax revenue to low-income families.