Madam Speaker, the member touched briefly on the compounding effect of the carbon tax. The carbon tax is very different than the GST. The GST has input tax credits and the tax itself, so the consumer only ends up paying a one-time 5% tax. However, the carbon tax is a compounding tax: tax on the carbon tax, then carbon tax on carbon tax. Could the member explain a bit more on how that has a very damaging effect on Canadians and really propels inflation?
In the House of Commons on September 25th, 2023. See this statement in context.