Quote:
Originally Posted by Jmac
Carbon tax is:
1) Not retarded
2) 7.78 cents/litre
3) Only responsible for a small percentage of fuel price increases over the past decade
When Gordon Campbell's Liberals introduced the carbon tax in the mid-2000s, it was a revenue neutral tax meaning it didn't increase the tax revenue to the government. The tax revenue generated from the carbon tax went to low-income personal tax credits and a lower corporate tax rate.
Now, the NDP government has scrapped those in favour of funding "green" projects instead. Whether you prefer the former or the latter (or neither), either way, it's not going to general revenue like most of the other taxes.
Carbon tax, when introduced in 2008, was 4.44 cents/litre and has gone up a whopping 3.34 cents/litre over the past decade. Meanwhile, gas prices have risen from 104 cents/litre in 2009 to 154 cents/litre.
Your breakdown of taxes on gasoline in Metro Vancouver are:
TransLink - 17 cents/litre
Federal Excise Tax - 10 cents/litre (4 cents/litre on diesel)
Carbon Tax - 7.78 cents/litre (8.95 cents/litre on diesel)
BC Transportation Financing Authority - 6.75 cents/litre
Provincial Motor Fuel Tax - 1.75 cents/litre (2.25 cents/litre on diesel)
Sub-total: 43.28 cents/litre (gasoline)/38.95 cents/litre (diesel)
Plus 5% GST (which is also applied to the taxes above; isn't the federal government great?)
According to Kent Group Limited, the average retail price of gasoline, excluding taxes, in Vancouver so far for April 2018 is 103 cents/litre
So base price of 103 + 43.28 + 5% GST (7.31 cents/litre) = 153.6 cents/litre
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when I said carbon taxes I guess my semantics was way off
anyways the fact that we have 42% premium BEFORE GST is already fucking nuts...if you're gonna charge us Nordic/Scandinavian rates, should the college students get paid to go to school like over there?
why are green initiatives/low-income credits only assessed for GVR residents?
does every other province get hit 10% by the Feds and also have 6% going to the 'financing authority'?
don't forget we haven't even touched the winter/summer blend portion of the equation yet
ytd I also learned that very little of GVRD gas is refined in WA state (I was misinformed to think it was the majority), 50-60% from refined from Edmonton while most of the rest from the local Parkland site