Tuesday, May 16, 2017

GST Revenue from Carbon Tax in B.C.

Mel Arnold Introduces GST Carbon Tax Petition
Vernon, BC, Canada / 1075 KISS FM Tom Mark May 16, 2017 10:39 am
North Okanagan-Shuswap MP Mel Arnold has introduced a petition in the House of Commons calling for an end to the GST being applied to carbon taxes. The petition was started by Vernon City Councillor Bob Spiers. Arnold agrees with Spiers it’s a tax on a tax and isn’t fair to families. ” So far it’s been almost half a billion dollars from BC that has gone to Ottawa into general revenue. We don’t necessarily see it coming back to the provinces.” The government has 45 days to respond to the petition. Langley MP Mark Warawa has also introduced a bill calling for the tax-on-tax to end. Arnold says the government has to act ” Either the Prime Minister is going to have to change what he stated about the tax revenues from carbon taxes being revenue neutral in the provinces or they will have to make a change on the GST being charged.” Arnold says “Taxing a tax is not the solution nor is it fair to Canadians and I will continue to work with citizens and colleagues to oppose and end this scheme.”
Don Quixote Note:
From the tables below you can see that the GST on Carbon Tax in the 2016 fiscal year was $61.7 million on Carbon Tax Revenue of $1,234 million. (I billion, 234 million)

From July 1, 2008 when Carbon Tax was introduced the total Carbon Tax Revenue to end of 2016 Fiscal was $8,538,000,000 (8.538 Billion) and the GST extracted  (Tax on a Tax) was $426,900,000.  (almost $429 million)

By the end of this fiscal year 2017 the GST shipped off to Ottawa will approach $1/2 billion.


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