Falls onto road, hit by car
Man shot, injured in woods
Charges stayed due to delay
"Tesla Takedown' in Canada
Police shooting in Hamilton 
Carney wants Trump call
Trump, Putin talk Tuesday
Wildfires destroy homes 
Deported despite order 
Hudson's Bay 'slow death'
TikTok deal on the way?
Stock markets rally
Bowling club's big win
Warriors earn critical win
Trout too much for Rockets
Elton's eyesight deteriorates
50 years of Maiden
Hackman's dog starved
The B.C. government likes to promote its carbon tax rebate but it is interesting to see the truth about how it is calculated.
On the government webpage, in regard to your 2024 (rebate) payments, it clearly says, “The current benefit year for the climate action tax credit is based on your 2022 T1 Income Tax and Benefit Return.”
That's right, submit your 2023 tax return in 2024 and your rebate is based on your financial status in 2022.
.If you worked in 2022 and have since retired, it means your current fixed income is totally ignored because (the government) is using the data from your well-paid 2022 working year. In other words, the rebate for the recent 23% rise in the carbon tax on April 1, will finally start paying out in 2026, after you file your 2025 tax return.
Nice rebate, but it would be nicer to get it without having to wait two years for the government to pay back the money it has taken from taxpayers with this ideological tax that does absolutely nothing for climate change.
I can find nothing that says the B.C. government thinks this tax is neutral—that is, all the money that comes in goes back to taxpayers.
In provinces using the federal system, the Parliamentary Budget Officer says the feds take in far more money than they give out.
Rebates on our own personal use of gas for our vehicles and natural gas to heat our homes look like they do give us more than we pay out but there is no data on the tax we all pay at the grocery store to cover production, transport, heating in the stores etc. Everything we buy is priced to cover the carbon tax paid by the companies we deal with. None of that money is rebated. Small businesses get no rebate, so obviously they make us pay it in higher prices.
We also pay the GST on the carbon tax we pay. Is that not “double dipping?”
L. Thachuk, Armstrong
(Editor’s note: In his report, Parliamentary Budget Officer Yves Giroux concluded carbon price rebates are worth more than the direct cost of the carbon price for 80% of families. But he said when factoring in the carbon price's economic impact on job growth and incomes, 80% of families in most provinces might end up with less money.)
