Thursday, August 24, 2017

. 1/2 billion of GST on Carbon Tax from B.C. Shipped off to Ottawa

From the tables below you can see that the GST on Carbon Tax in the 2017 fiscal year was $61.0 million on Carbon Tax Revenue of $1,220 million. (I billion, 220 million)

From July 1, 2008 when Carbon Tax was introduced the total Carbon Tax Revenue to end of 2017 Fiscal was $9,714,000,000 (9.714 Billion) and the GST extracted  (Tax on a Tax) was $485,750,000.  (almost $486 million)

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

https://www.fraserinstitute.org/sites/default/files/examining-the-revenue-neutrality-of-bcs-carbon-tax.pdf


Updated to actual to end of 2017 fiscal  (March 30th P.112



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