Madam Chair, as I mentioned, since we are committed to returning revenues to the originating jurisdictions, the impact of carbon pricing will depend on what provincial elected officials choose to do. In Alberta, a family of four with a total income of $95,000 would receive a $540 tax cut, while the estimated cost would be $500 in 2018. That is a net benefit of $40.
That is an interesting example that may inspire other provinces. That is where we will leave it up to the provinces to decide in a spirit of collaboration and co-operative federalism.