Taxes on gasoline average 38% of the cost across Canada

[chuckChuck]

Chucky ! The accountant is going to charge more because it is going to cost more to drive his kids to hockey or skiing in Banff !

So is 5 cents a litre that the accountant pays for personal fuel going to make any significant impact on your accounting bill when he charges $ 200- $300 per hour? And to get back to my original position the average tax value is already 38%.

[crusher]

We're back drying now that its warmed up. Had a propane fill yesterday. $100 carbon tax. Nice. Added 10% to the bill. Chuckchuck - that is significant to me.

[furrowtickler]

Like I said , be prepared to take 5-10%
off your gross income before this tax was in place . That could be 20-30%
of your net income .

[GDR]

It's ok to have different opinions but come on its simple basic economics. I don't get how some people just can't grasp concepts especially someone that I assume is a farmer (aka business man).

It ain't gonna work any better to discourage oil use than sin taxes on booze or smokes does. Only difference is this one applies to things we can't yet do without like heat, food and transportation.

The real crappy part here is I think we are stuck with it even with a political change. No government will roll back easy money once it's in the kitty.

Guessing Chucky has already cashed his first rebate check, no possible other explanation here.

[furrowtickler]

That's the two big problems I have ..
1. This tax will do nothing to change climate
2. We will be taxed on everything , not just fuel

[saskcanfarmer]

Chuck - That's the whole issue. If a carbon tax is implemented to reduce consumption then the price of carbon would have to be set to astronomical levels. That's why a 20$-50$/mt is just a cash grab or wealth distribution hurting wealth creators as well as the rural population.

[chuckChuck]

Instead of speculating on what impact the carbon tax will have visit the following website which explains how it will work.
https://www.alberta.ca/climate-carbon-pricing.aspx#p184s3

Some highlights:
Farm fuel is exempt, 60% of Alberta households will get a rebate, rebates will be tied to income, this will still provide Albertans a financial incentive to reduce emissions.

Six of 10 Alberta households will receive a rebate that covers the average cost of the carbon levy.

The indirect costs of the carbon levy are estimated to range between:

$50 to $70 per household in 2017
$70 to $105 per household in 2018

Indirect costs of the carbon levy on Alberta households were calculated using a detailed Alberta Input-Output model, which is based on Statistics Canada data and reflects inter-industry as well as cross-border trade flows that occur while producing a specific good or service consumed by Alberta households. To develop the ranges, it is assumed that businesses subject to the levy pass through 50% to 75% of the related costs to consumers.

Small business tax cut

To help businesses adjust to the carbon levy, Alberta’s small business corporate income tax rate was reduced by one third, from 3% to 2% effective Jan 1, 2017. The reduction is projected to save small business owners $185 million in 2017-18.

With the tax relief, Alberta is now tied with Saskatchewan for the second-lowest provincial small business tax rate. While Manitoba has a lower rate, Alberta small business owners pay lower taxes when they take money out of their business for personal use. Alberta maintains the lowest overall tax regime in Canada, with no provincial sales tax, health premium or payroll tax.

[westernvicki]

https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_ GDP

Canada has a relatively high rate of tax to GDP the question is Chuckchuck: how high can it go before it impedes growth and that is the question? And that is the one that counts.

[westernvicki]

And if you take time to check and compare, we are quite high, and a spending spree without an increased GDP, may not be that kind to the future economic balance.

It's that straw; camel.

[furrowtickler]

Exactly Vickie - there is a breaking point to everything