Business
Canadian Taxpayer Federation calls on Ottawa to rescind recent Carbon Tax hike
From the Canadian Taxpayer Federation
Ottawa’s carbon tax hike out of step with global reality
by Aaron Wudrick, Federal Director and Franco Terrazzano, Alberta Director
(This column originally appeared in the Financial Post)
Prime Minister Justin Trudeau has chosen to make life more expensive by increasing the federal carbon tax by 50 per cent amidst the COVID-19 economic and health crisis. Meanwhile, governments around the world are moving in the opposite direction because hiking taxes during a global pandemic is a bad idea.
Provinces have already tapped the breaks on their own carbon tax hikes. British Columbia Premier John Horgan announced that he would not be going forward with his planned April 1 carbon tax hike. Instead of mirroring the federal carbon tax hike, Newfoundland and Labrador is maintaining its tax at $20 per tonne. The price of carbon allowances in the Quebec-California cap and trade system have also fallen due to COVID-19 and the current macroeconomic realities.
The European Union’s cap and trade scheme, which applies to 30 countries, has also seen its carbon tax rate drop significantly. For most of 2019 and early 2020, EU carbon prices traded around €25 per tonne before nosediving to around €15 per tonne in March. The EU’s cap and trade carbon tax rate has fallen 32 per cent below its 2020 peak, according to the most recent data available on the ICAP Allowance Price Explorer. While the tax rate has increased since bottoming out, S&P Global Platts Analytics forecasts the COVID-19 shock keeping downward pressure on the cap and trade market.
Other counties are providing further carbon tax relief. The Norwegian government reduced its carbon tax rate on natural gas and liquified petroleum gas to zeroand will keep the rates below the pre-coronavirus level until 2024. Norway also deferred payments on various fuel taxes until June 18.
Estonia Finance Minister Martin Helme formally called for his country to consider leaving the EU’s cap and trade carbon tax system to provide relief. The prime minister later announced that Estonia would not seek to leave the EU’s carbon tax system, but the Estonian government lowered the excise tax on electricity to the minimum allowed by the EU and lowered its excise tax on diesel, light and heavy fuel oil, shale oil and natural gas.
“Due to the economic downturn, both people’s incomes and the revenue of companies are declining, but daily household expenses such as electricity or gas bills still need to be paid. To better cope with them, we are reducing excise duty rates on gas and electricity for two years,” Helme explained.
Outside of the EU, the United Kingdom is saving its taxpayers between £15 and £20 million per year by walking back its plan to increase its carbon tax top-up, New Zealand’s cap and trade tax rate has fallen by more than 20 per cent this year and South Africa pushed back carbon tax payments by three months.
It’s worth noting that it’s unlikely Canada’s carbon tax will have any meaningful impact on global emissions. Only 45 countries (out of 195 countries worldwide) are covered by a carbon tax, and only 15.6 per cent of total emissions are covered by these carbon taxes, according to the World Bank. Furthermore, about half of the emissions covered by carbon taxes are priced below US$10/tCO2e – significantly lower than Canada’s federal rate and too low to make a difference.
With Canada only accounting for 1.5 per cent of global emissions, it’s easy to understand Trudeau’s acknowledgement that, “even if Canada stopped everything tomorrow, and the other countries didn’t have any solutions, it wouldn’t make a big difference.”
Now more than ever, Canadian taxpayers need relief. With carbon tax burdens declining around the globe during the COVID-19 crisis, walking back the recent carbon tax hike should be a no-brainer for our federal government.
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MxM News
Quick Hit:
On the 10-year anniversary of Donald Trump’s iconic campaign launch, the Trump family announced the debut of Trump Mobile, a new wireless company offering American-built smartphones, 5G coverage, and a values-driven alternative to Big Tech carriers.
Key Details:
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Donald Trump Jr. and Eric Trump introduced Trump Mobile’s flagship service Monday, calling it a “transformational” alternative aimed at “our nation’s hardest-working people.”
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The “47 Plan,” priced at $47.45/month, offers unlimited talk, text, and data, free international calls to U.S. military families, telehealth, roadside assistance, and no credit checks.
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Trump Mobile’s customer support is fully U.S.-based and live 24/7—“not automated,” the company says—while a new American-made “T1 Phone” is slated for release in August.
Diving Deeper:
Marking ten years since President Donald Trump descended the golden escalator to launch his first campaign, the Trump Organization on Monday announced its boldest private sector move yet: Trump Mobile.
Flanked by company executives, Donald Trump Jr. and Eric Trump unveiled the new cellular service, touting it as a patriotic, people-first alternative to legacy providers. “We’re building on the movement to put America first,” Trump Jr. said in a statement. “We will deliver the highest levels of quality and service.”
The cornerstone of Trump Mobile is the 47 Plan. Offered for $47.45/month, the plan includes unlimited data, full 5G coverage across all three major carriers, and a suite of benefits tailored to middle-class families, truckers, veterans, and anyone tired of paying premiums to companies that don’t share their values.
Among the key perks: 24/7 American-based customer service (with “real people,” not bots), comprehensive device protection, roadside assistance through Drive America, and telehealth services including mental health support and prescription delivery. Most notably, the plan includes free international calling to over 100 countries—an effort the Trump family says honors U.S. military families stationed abroad.
“We’re especially proud to offer free long-distance calling to our military members and their families,” said Eric Trump. “Those serving overseas should always be able to stay connected to the people they love back home.”
Unlike traditional providers, Trump Mobile advertises no contracts and no credit checks, appealing to a demographic long underserved by mainstream telecom giants. “Hard-working Americans deserve a wireless service that’s affordable, reflects their values, and delivers reliable quality they can count on,” Eric Trump added.
The company is also preparing to launch the T1 Phone in August—a sleek, gold smartphone “engineered for performance” and “proudly designed and built in the United States.” With that, the Trump Organization is not just entering the mobile market—it’s staking a claim as a direct competitor to Apple and Samsung.
From LifeSiteNews
Canada’s prime minister said it was a ‘great honor’ to host the U.S. president and praised him for saying Canada wants to work with the U.S. ‘hand-in-hand.’
During the second day of the G7 leaders meeting in the Kananaskis area in Alberta, Canadian Prime Minister Mark Carney praised U.S. President Donald Trump’s world “leadership” despite saying many negative things about him during his election campaign.
While speaking to reporters Monday, Trump hinted that a new trade deal between Canada and the United States was potentially only “weeks” away. This came after a private meeting with Carney before the official G7 talks commenced.
“We’ve developed a very good relationship. And we’re going to be talking about trade and many other things,” Trump told reporters.
Carney was less vocal, however. He used the opportunity to tell reporters he was happy Trump came to his country for the G7 meeting, saying it was a “great honor” to host him.
“This marks the 50th birthday of the G7, and the G7 is nothing without U.S. leadership,” Carney told reporters.
He then spoke about Trump’s “personal leadership” on world issues and praised him for saying Canada wants to work with the U.S. “hand-in-hand.”
Carney ran his election campaign by claiming the Conservative Party would bow to Trump’s demands despite the fact that the party never said such things.
During his federal election campaign, Carney repeatedly took issue with Trump and the U.S. that turned into an anti-American Canadian legacy media frenzy.
However, the reality is, after Carney won the April 28 federal election, Trump praised him, saying, “Canada chose a very talented person.”
Many political pundits have said that Carney owes his win to Trump, as the U.S. president suggested on multiple occasions that he would rather work with Carney than conservative leader Pierre Poilievre.
Trump has routinely suggested that Canada become an American state in recent months, often making such statements while talking about or implementing trade tariffs on Canadian goods.
As for Carney, he has said his government plans to launch a “new economy” in Canada that will involve “deepening” ties to the world.
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