The federal Director of the CTF says Canadians need another carbon tax like they need a kick in the head.
Franco Terrazzano also says the information from the Parliamentary Budget Officer shows that the second carbon tax will cost Saskatchewan families more than a thousand dollars.
The second carbon tax is included in federal fuel regulations that is set to take effect this Saturday on July 1. The regulations require producers to reduce the carbon content of their fuels or be forced to purchase credits.
In a news release, the Canadian Taxpayers Federation says by 2030, the PBO estimates the second carbon tax will cost the average family in Saskatchewan $1,117 per year and increase the price of gas by up to 17 cents per litre.
Terrazzano says there are no rebates with the second carbon tax and it’s being added on top of the current tax. By 2030, the two carbon taxes will increase the price of gasoline by about 55 cents per litre.
The Canadian Taxpayers Federation is calling on Prime Minister Justin Trudeau to back away from his plan to impose a second carbon tax this week on July 1.
Meanwhile, gasbuddy.com says average retail gasoline prices in Saskatoon have risen 0.5 c/L in the past week, averaging 158.70 c/L Sunday. That’s according to GasBuddy’s daily survey of 81 gas outlets in Saskatoon. Patrick De Haan, head of petroleum analysis at GasBuddy says international developments could impact oil prices. He says, “But, with developments including the Wagner group destabilizing and testing Russia, there can always be last minute shifts that impact prices, which we continue to watch for and hope the market remains calm.”