DON QUIXOTE VS. CITY HALL When an American gets mad, he says "where's my Gun". When a Canadian gets pissed off he says "Where is my pen, I'm going to send a letter to the EDITOR". When the EDITOR won't publish his letter he sets up his own BLOG page.
When I received enough support to get a Council Seat the dogma of the establishment became : "Better to have him inside the tent pissing out, than outside pissing in." (Only time will tell !)
Wednesday, December 28, 2016
TAX ON TAX: Carbon tax will send tens of millions to Ottawa
Below is an estimate of amount of GST that will flow to Ottawa from B.C. and Alberta. It is based on Stats Canada sales of fuel in 2014 and the estimated Alberta Carbon Tax on Jan1, 2018. The total carbon tax (on Gas and diesel only) is then charged the 5% GST and this will leave the province despite the assurances of our Prime Minister :
"Whatever model a province chooses, Trudeau said, it will be revenue neutral for the federal government, with any revenues generated under the system staying in the province or territory where they are generated."
This is an estimate for Gas and Diesel only and does not estimate the amount from the tax on Natural gas or Propane for heating of our houses, factories.
Since 2008 (July 1) GST has been applied to the Carbon Tax in B.C. The latest 2016/17 estimate of carbon Tax Revenue is 1.271 Billion. GST on this amount will be $63.55 million.