Refine by MP, party, committee, province, or result type.
Transport committee There is not a carbon tax for interprovincial travel. There is a carbon tax for intraprovincial travel. I believe it exists from Toronto to Ottawa. For intraprovincial flights in our industry, it does apply as part of the backstop.
May 2nd, 2024Committee meeting
Andrew Gibbons
Finance committee I'm really sorry. I have limited time. Could you just answer the question? If the carbon tax were eliminated, would it make your job easier in terms of reducing tax?
May 2nd, 2024Committee meeting
Marty MorantzConservative
Finance committee Earlier in this meeting you testified that the incremental increase in the carbon tax from $65 to $80 represented 0.1% of inflation and that if it hadn't happened, inflation would be 2.8%. Is that correct?
May 2nd, 2024Committee meeting
Marty MorantzConservative
Finance committee When you were here in October, you testified that the overall effect of the carbon tax at $65 a tonne was 0.6% of inflation. Is that correct?
May 2nd, 2024Committee meeting
Marty MorantzConservative
Finance committee The combined effect today, to be absolutely clear, is that at $80 a tonne, the carbon tax contributes roughly 0.75% to inflation. Is that correct?
May 2nd, 2024Committee meeting
Marty MorantzConservative
Finance committee That's not quite accurate. What matters for inflation is the increase in the carbon tax. That's the 0.1% to 0.15%. You are correct that if the carbon tax was eliminated, there would be a drop in the price level of about 0.7%, so for one year, inflation would be 0.7
May 2nd, 2024Committee meeting
Tiff Macklem
Finance committee On that talking point about one year, I want to correct that as well. It's one year in perpetuity. You can only eliminate the carbon tax once. My question to you is fairly simple. If the carbon tax were repealed—which is what Conservatives will do when we are in office
May 2nd, 2024Committee meeting
Marty MorantzConservative
Finance committee As I said before, and as you just said, if you eliminate the carbon tax, you can only do that once, so it will drop inflation for one year, by our estimate, by about 0.7%. A year later, inflation will go back up 0.7% because the one-off decline in the price level will fall out
May 2nd, 2024Committee meeting
Tiff Macklem
Finance committee I can follow up if you like with some more representative calculations, but yes, the government has laid out a schedule of increases to the carbon tax, and we can build those into our forecast. Also, yes, they have an impact of somewhere between 0.1 and 0.15 percentage points
May 2nd, 2024Committee meeting
Tiff Macklem
Finance committee No, but unless there is a way to actually further define it for Canadians, it's very hard to understand whether it's big or small. I'll keep on going, Governor. My next question continues on the price on pollution, which we also call the carbon tax. The Conservatives have also
May 2nd, 2024Committee meeting
Julie DzerowiczLiberal
Finance committee It's always a little dangerous getting into things that haven't happened and things that could happen, but in general, if there is a tax change—if the carbon tax were to be eliminated—that would have a one-off drop on the price level. Inflation would drop for one year
May 2nd, 2024Committee meeting
Tiff Macklem
Finance committee a question for you. You are often quoted by this committee for your analyses of the impact of the carbon tax on inflation. When you appeared before the committee on that topic last fall, you gave the example of Ontario. If possible, could you please provide the committee with the results
May 2nd, 2024Committee meeting
Finance committee We can certainly provide that information. As you know, the various provinces have different policies and approaches to the carbon tax. In estimating the impact of that tax on inflation, we look exclusively at the three elements with the most direct impacts in each province. We
May 2nd, 2024Committee meeting
Tiff Macklem
Carbon Pricing That is misinformation, indeed, Madam Speaker. I would invite my hon. colleague to fill the galleries of this hallowed chamber with the farmers who support the carbon tax. I have yet to meet one. The member referenced the farmers in his rebuttal to me. Let me bring up Highline
May 1st, 2024House debate
Dave EppConservative
Carbon Pricing have continually and steadily increased, which proves that this carbon tax is not working. Can the member actually show the information? The Minister of Environment did not say they are collecting any data to prove that emissions are lowering or that the carbon tax is actually
May 1st, 2024House debate
Gerald SorokaConservative