B.C. carbon tax will be going up to 11 cents per litre of gasoline, coming into effect on April 1st, 2022.
This is according to the Canadian Tax Payers federations annual New Years Tax Change report, which was released on December 27th.
This will be the third federal carbon tax increase during the pandemic.
Kris Sims, the B.C director of the Canadian Taxpayers Federation says “everyday life is already unaffordable for many British Columbians, and hiking up the carbon tax is just going to make it more difficult.”
Sims also says the cost of getting to work, heating your home, and delivering out supplies will all increase next year.
Based on information from the New Years Tax Change report, the average home in Canada uses about 2,442 cubic meters of natural gas per year.
The carbon tax will add about $233 to the family’s natural gas bill in 2022. This makes the total cost of the carbon tax in the new year about $968.
In addition the carbon tax increase, the report also includes:
– Taxpayers making $40,000 or more in 2022 will see the federal government deduct more money.
– The Canada Pension Plan tax increase will cost workers and businesses an extra $333 each in 2022.
– The Employment Insurance tax increase will cost each worker an extra $63 in 2022 and businesses an extra $89.
– The increase in the federal personal basic amount will save taxpayers $89.
– Alcohol taxes will increase for the third time during the pandemic on April 1, 2022. Taxes already account for about half of the price of beer, 65 per cent of the price of wine and more than three quarters of the price of spirits.
You can find the detailed report here .