Wednesday, April 24, 2024

BC residents will pay more for heat as carbon tax increases April 1st

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The BC carbon tax is slated to increase up to $45 per tonne on April 1st.

That means the carbon tax will cost 8.9 cents per litre of gasoline, 10.23 cents per litre of diesel and 7.60 cents per cubic metre of natural gas.

Recently, the federal carbon tax was deemed constitutional for federal benchmark stringency requirements for a climate solution.

This means that provincial governments have to meet a certain requirement for their climate action contingency plan.

The next increase is $50 per tonne on the same date next year.

Last year, the carbon tax did not increase due to the COVID-19 pandemic.

The carbon tax is currently scheduled to increase by $10 annually until it hits $50 per tonne in 2022.

The price of gasoline, diesel and natural gas is expected to rise immediately.

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