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Finance committee That's what the government's pan-Canadian approach to pricing carbon pollution states, so long as the province or territory establishes a system that meets the basic criteria in that benchmark.
May 8th, 2018Committee meeting
John Moffet
Finance committee That's correct, and I believe you heard evidence yesterday of both the impacts of British Columbia's system: you heard of if reducing emissions and also the observation that those four jurisdictions that have carbon pricing have experienced the largest GDP growth in Canada.
May 8th, 2018Committee meeting
John Moffet
Finance committee I'm asked this all the time. I should have the number. I will get it. Maybe we can—
May 8th, 2018Committee meeting
John Moffet
Finance committee I will respond. I'm not trying to duck the question.
May 8th, 2018Committee meeting
John Moffet
Finance committee I just need a few minutes to check my numbers.
May 8th, 2018Committee meeting
John Moffet
Finance committee I don't speak for Finance, but I was going to provide the simple answer. Your last question was whether the legislation requires the return of GST collected with respect to the carbon price payments, and the answer is no. As my colleagues explained, what the federal government do
May 8th, 2018Committee meeting
John Moffet
Finance committee Not in this legislation, no.
May 8th, 2018Committee meeting
John Moffet
Finance committee My colleagues can speak to that in more detail. There are existing obligations and arrangements with respect to collecting and returning GST. Those are not affected at all, but they are all completely outside of this legislation, as my colleagues explained.
May 8th, 2018Committee meeting
John Moffet
Finance committee I will come back to the response I provided to your colleague, Mr. Albas, which is that the carbon pricing across Canada will make a significant contribution to reducing emissions in Canada. As such, it is considered to be a foundational measure within the pan-Canadian framework,
May 8th, 2018Committee meeting
John Moffet
Finance committee I don't know. I can get you that number before the end of this hearing. That will be a reduction relative to a baseline of 2005. That's how we established the target. The study we released last week indicated that pricing across Canada by 2022 will result in emission reductions o
May 8th, 2018Committee meeting
John Moffet
Finance committee The future of carbon pricing is going to be for the federal, provincial, and territorial governments to determine before 2022. If nothing changes, and in particular if nothing changes in this legislation, then the carbon price we've established in this legislation for 2022 would
May 8th, 2018Committee meeting
John Moffet
Finance committee No, it is. It is legally required to be returned in one of two ways: to the government or to designated persons. It is a legal obligation that the federal government cannot keep any of the direct revenue.
May 8th, 2018Committee meeting
John Moffet
Finance committee —or a person within the province.
May 8th, 2018Committee meeting
John Moffet
Finance committee Yes.
May 8th, 2018Committee meeting
John Moffet
Finance committee Yes.
May 8th, 2018Committee meeting
John Moffet