Consumer Carbon Tax Removal to Lower Inflation by 30 Percent: Bank of Canada

Consumer Carbon Tax Removal to Lower Inflation by 30 Percent: Bank of Canada

The federal government’s lowering of the consumer carbon tax rate to zero will temporarily reduce Canada’s inflation rate by around 30 percent, according to the Bank of Canada. The removal of the federal fuel charge will pull down Consumer Price Index (CPI) inflation by 0.7 points from April 2025 to March 2026, according to the Monetary Policy Report released on April 16. Canada’s inflation rate was at 2.3 percent in March. The Bank of Canada sa…

Province's CleanBC challenges go well beyond the carbon tax

The carbon tax is gone but the confusion remains as abrupt climate policy reversal exposes deeper contradictions in its approach to equity and the economy

Final carbon tax rebate coming next week

Airdrie residents accustomed to receiving their Canada Carbon Rebate (CCR) on or around the 15th of the month may be surprised to see no deposit thus far this month. The final payment is still coming, just later than usual, and it marks the end of the quarterly program. According to the Canada Revenue Agency (CRA), the last CCR payment for individuals will begin being issued on Tuesday, April 22.