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Federal carbon tax to be imposed in Alberta Jan. 1

Internet Information Edmonton
Printed Thursday, June 13, 2019 1:09PM MDT
Final Up to date Thursday, June 13, 2019 1:39PM MDT

The federal carbon tax might be imposed in Alberta on Jan. 1, 2020.

The brand new Alberta authorities formally repealed the previous NDP authorities’s carbon tax on May 30 as a part of Invoice 1.

“We’re keeping our commitment to eliminate this tax grab to create jobs and put more money back into the pockets of hard-working Albertans,” Premier Jason Kenney mentioned on the time.

The federal authorities had beforehand imposed a levy on $20 per tonne of carbon emissions on April 1 in Saskatchewan, Manitoba, Ontario and New Brunswick as a result of they didn’t have provincial carbon tax laws.

Seven per cent of the income is being given to small and medium-sized companies as rebates to enhance power effectivity, whereas three per cent goes to municipalities, hospitals, universities and faculties which may’t move odd added carbon tax prices.

The levy is ready to rise by $10 a tonne each April till it hits $50 in 2022.

Extra info to return….

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