The British Columbia carbon tax has been in place since 2008. It is a British Columbia policy that adds additional carbon taxes to fossil fuels burned for transportation, home heating, and electricity and reduces personal income taxes and corporate taxes by a roughly equal amount. The carbon tax is collected at the point of retail consumption (for example, at the pump for gasoline and diesel).
British Columbia's policy is unique in North America; only Quebec has a similar retail tax, but it is set at a much lower rate and does not include a matching tax shift.[1] Unlike most other governments, British Columbia's electricity portfolio largely consists of hydroelectric power, and its energy costs, even with the tax, are lower than in most countries.[2][3]
- ^ Sustainable Prosperity, p. 5
- ^ "Overview of Electricity Sector - PeoplePowerPlanet". PeoplePowerPlanet. Archived from the original on 2018-03-18. Retrieved 2017-09-07.
- ^ Mines, Ministry of Energy and. "B.C.'s Electricity Rates - Province of British Columbia". www2.gov.bc.ca. Archived from the original on 2017-09-08. Retrieved 2017-09-07.