Tuesday, December 12, 2017

Bill C-342 - Cost of carbon pricing deduction from GST

http://www.pbo-dpb.gc.ca/web/default/files/Documents/Reports/2017/Bill%20C-342/Bill%20C-342_EN.pdf


At above link is the full report from the office of the Parliamentary Budget officer (PBO)
of the effect of elimination of GST from carbon tax as proposed in Bill c-342.

(On 20 March 2017, Mark Warawa, MP, introduced a private member’s bill, Bill C-342. The bill amends the Excise Tax Act to provide that any tax, duty or fee imposed in respect of carbon is excluded from the total purchase price for the purpose of calculating the goods and services tax. On 25 October 2017 the bill was defeated at second reading in the House of Commons. The analysis in this report may be useful in determining the impact of a Canada wide carbon pricing policy on revenue from the goods and services tax.)
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Don Quixote Note:
Looks like the end of our tax on tax battle. A special thanks
to MP's Mel Arnold and Mark Warawa for fighting this Quixotic battle in Parliament of Canada.

Also See:
Budget watchdog details millions in potential GST revenues on carbon pricing
http://www.cbc.ca/news/politics/pbo-carbon-gst-1.4444627?cmp=rss



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