The Canadian Taxpayers Federation estimates the carbon tax will cost the Manitoba economy $216 million in 2024, based on data published by Environment and Climate Change Canada.

“The government’s own numbers show that the federal carbon tax is costing the Manitoba economy millions,” said Gage Haubrich, CTF Prairie Director. “The carbon tax costs Manitobans every time they head to gas station and it’s costing the economy big time.”

The government of Canada released data modelling the economic cost of the carbon tax between 2018 and 2030. Based on this data, the CTF estimates the carbon tax will cost the Manitoba economy $216 million in 2024, or $150 per person. The carbon tax will cost the Canadian economy $12 billion this year.

In 2030, the carbon tax will cost the Manitoba economy $576 million, or $364 per person.

The economic cost is the difference between what GDP would be without the carbon tax minus the projected GDP with the carbon tax.

The table at the end of this news release breaks down the economic cost to each province and territory and the economic cost per person this year.

“Ottawa needs to make life more affordable instead of hurting Manitoba’s economy with the carbon tax,” said Haubrich. “Prime Minister Justin Trudeau needs to scrap the carbon tax.”

Economic cost of carbon tax (2023 $)

Note: A negative figure represents an economic benefit.