Most Households in 4 Provinces Will Incur ‘Net Loss’ From Federal Carbon Tax: PBO Report

Most Households in 4 Provinces Will Incur ‘Net Loss’ From Federal Carbon Tax: PBO Report
Parliamentary Budget Officer Yves Giroux waits to appear before the Commons finance committee on Parliament Hill in Ottawa March 10, 2020. Adrian Wyld/The Canadian Press
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The carbon tax imposed by the federal government will put Canadians in four provinces under financial stress, and it will only become worse in years to come, says a new report by the Parliamentary Budget Officer (PBO).

Released on March 24, the report concluded that by the time the federal carbon tax reaches $170 per tonne in 2030, most households in the three Prairie provinces and Ontario will see a “net loss” to their savings.