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No escaping carbon tax

B.C.’s carbon tax, the first of its kind in North America, will apply to almost all fossil fuels, including gasoline, heating oil and propane.


B.C.’s carbon tax, the first of its kind in North America, will apply to almost all fossil fuels, including gasoline, heating oil and propane.


For consumers it means paying 2.4 cents a litre more at the pump, rising to 7.2 cents a litre by 2012. For diesel and heating oil, the tax is 2.8 cents a litre, rising to 8.3 cents in 2012.


The revenue-neutral tax aims to generate $1.8 billion over three years and return all of the money in the form of tax cuts, credits for low income families and a one-time $100 climate action dividend.


A family that earns $90,000 a year, driving a van and a sedan, will pay about $100 more in gas and $50 more in heat and hot water, but will receive tax cuts of about $225.

 
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