B.C. budget acknowledges the carbon tax was not revenue neutral

Our recent study examining British Columbia’s “revenue neutral” carbon tax found that, contrary to the provincial government’s promise, the carbon tax was not revenue neutral and had actually raised taxes on British Columbians.While the government initially dismissed our findings, Tuesday’s budget essentially acknowledges the carbon tax wasn’t in fact revenue neutral and takes steps to correct the problem.As detailed in our study, the carbon tax ceased being revenue neutral in 2013/14, despite the B.C. government’s assurance to taxpayers that it would be completely offset with new reductions to other taxes.In 2013/14, the government stopped relying solely on new tax reductions

Read More - The Fraser Institute