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From: John Feldsted<jfeldsted@shaw.ca>BELOW(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)
Subject: Carbon tax not exempt from GST
MIA RABSONCanadian Press
Winnipeg Free Press
11/1/2018OTTAWA The federal government’s impending national carbon price could bring in more than $250 million in GST revenues next year, but it doesn’t intend to account for those funds in its rebate program.
A spokesman for Finance Canada says the government doesn’t believe Ottawa will see a “significant rise” in its net GST take even though the GST will be charged on top of the carbon levy.
“Most consumers would have spent the related funds on other GST/HST taxable goods and services,” Jack Aubry said in an emailed statement.
Businesses can offset any additional GST they pay on the carbon levy through existing input tax credits, Aubry said.
Individuals will pay the GST on top of any carbon price built into the cost of goods and services, either directly on fuels like gasoline or natural gas, or indirectly as businesses pass on their carbon-levy costs to consumers.
A 2017 analysis by the Library of Parliament said that if the GST were charged on all of the revenues collected from existing carbon levies in British Columbia and Alberta, it would add as much as $150 million in a year to Ottawa’s coffers. That was based on those governments having a carbon tax of $30 a tonne. B.C. raised it to $35 a tonne in April and will raise it to $40 next year.
The same analysis applied to the $20-a-tonne carbon levy Ottawa will impose on Saskatchewan, Manitoba, Ontario and New Brunswick next April suggests the GST take in those provinces could be as much as $118 million a year.
The revenues expected from the carbon price in the territories, Newfoundland and Labrador, Prince Edward Island and Nova Scotia are not yet available. They have all opted to either use the federal pricing system or will have a different solution with at least an equivalent carbon price. The parliamentary researchers warned in their 2017 analysis that the final carbon price-related GST tally will depend on what costs are passed on to consumers from businesses. Also, some items, such as basic groceries and pharmaceuticals, are exempt from GST, so if the carbon levy raises their prices, it won’t lead to more sales-tax revenue.
Ottawa expects to raise $2.3 billion in 2019-20 from the carbon levy being imposed on the four provinces that don’t have their own in place. Ninety per cent of that will be rebated to households when they file their taxes, with the other 10 per cent set aside to help businesses, schools and other non-profit groups that can’t pass on all costs to consumers.
Ref: https://www.winnipegfreepress.com/arts-and-life/life/greenpage/carbon-price-not-exempt-from-gst-despite-promise-it-be-revenue-neutral-499323081.html
Government doubletalk about carbon taxing is outrageous. It is not a carbon tax, it is a pollution tax. It is revenue neutral, but consumers will only get 90% of revenue collected in rebates. The carbon tax will be GST taxed but that tax income is not part of carbon pricing. We are going to rebate carbon taxes up front and tax you later. We are world leaders in carbon reduction. (Canada emits 1.7% of world carbon emissions.) The government manure spreader is in overdrive.
The government tells us the rebate will go to everyone who files a tax return – including aboriginals exempt from federal taxes along with immigrants - legal and illegal who are not citizens. There will also be a rebate for each child in a family due to their extensive purchases of petroleum products and resultant carbon emissions. This pig has so much lipstick on it can neither see nor walk.
A spokesman for Finance Canada says the government doesn’t believe Ottawa will see a “significant rise” in its net GST take even though the GST will be charged on top of the carbon levy.
“Most consumers would have spent the related funds on other GST/HST taxable goods and services,” Jack Aubry said in an emailed statement.
Consumers forced to pay carbon taxes plus GST have less money to purchase other goods and services no matter how needed they may be. Governments cannot continue to pick our pockets with new taxes and leave us with enough to live on.
The government is promising to send out carbon tax rebate cheques based on out 2018 income tax returns which will be filed next spring. At that time, the government will have collected $0.00 in carbon taxes. Cheques will be issued over the summer – make that late summer, just prior to the 2019 election. It is pure coincidence that the Liberals are planning to buy votes with taxpayer funding.
The government intimates that carbon tax rebates will continue in the future, returning ‘every dime’ to consumers in one form of another. The term ‘one form or another’ can mean anything.
More importantly, where is the legislation? There is no Bill in the House of Commons setting out the carbon rebate plan. The government has no obligation to continue the rebate plan in any form past the 2018 taxation year. Trust it at your peril.
No one is questioning what a fully rebated carbon tax is supposed to accomplish. If you marked the box beside ‘exercising control over people’ you have seen through the smoke.
John Feldsted
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