Check out Petro Canada's breakdown of gas taxes in Canada.
http://retail.petro-canada.ca/en/fuelsavings/gas-taxes-canada.aspx
Alberta: 70.7¢ Base Price, Federal Excise 10.0¢, GST 5%, Carbon Tax 4.49¢/litre, Provincial Gas tax 13.0¢/litre
BC: 70.7¢ Base Price, Federal Excise 10.0¢, GST 5%, Carbon Tax 6.67¢/litre, Provincial Gas Tax 14.5¢/litre
So the question is since carbon taxes are such small amount of the price of gasoline how could they have such a negative economic impact as some people are claiming?
Any equal to the carbon tax market price rise in the price of gasoline should have the same impact correct?
Check out historical gas prices in Ontario. In early 2014, gas in Ontario was a 1.40 per litre
http://www.ontariogasprices.com/retail_price_chart.aspx
At a 1.40 per litre the impact should have been substantially more than any current or proposed carbon tax.
Why is there, or why was there such a muted response to market increases in gas prices and existing gas taxes, but extreme outrage by a few to a much smaller carbon tax?
I can explain it. Pure politics! Plain and simple!
http://retail.petro-canada.ca/en/fuelsavings/gas-taxes-canada.aspx
Alberta: 70.7¢ Base Price, Federal Excise 10.0¢, GST 5%, Carbon Tax 4.49¢/litre, Provincial Gas tax 13.0¢/litre
BC: 70.7¢ Base Price, Federal Excise 10.0¢, GST 5%, Carbon Tax 6.67¢/litre, Provincial Gas Tax 14.5¢/litre
So the question is since carbon taxes are such small amount of the price of gasoline how could they have such a negative economic impact as some people are claiming?
Any equal to the carbon tax market price rise in the price of gasoline should have the same impact correct?
Check out historical gas prices in Ontario. In early 2014, gas in Ontario was a 1.40 per litre
http://www.ontariogasprices.com/retail_price_chart.aspx
At a 1.40 per litre the impact should have been substantially more than any current or proposed carbon tax.
Why is there, or why was there such a muted response to market increases in gas prices and existing gas taxes, but extreme outrage by a few to a much smaller carbon tax?
I can explain it. Pure politics! Plain and simple!
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