EN FR

Carbon tax costs Manitoba economy $216 million this year

Author: Gage Haubrich 2024/06/26

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 $)

Region

Economic cost 2024

Per person economic cost

Canada

$11.9 billion

 $295

British Columbia

$1.7 billion

 $311

Alberta

$1.8 billion

 $372

Saskatchewan

$476 million

 $390

Manitoba

$216 million

 $150

Ontario

$4.1 billion

 $258

Quebec

$3.2 billion

 $361

New Brunswick

$137 million

 $169

Nova Scotia

$103 million

 $99

Prince Edward Island

$22 million

 $122

Newfoundland and Labrador

$143 million

 $274

Northwest Territories

-$15 million

-$324

Yukon

$6 million

 $136

Nunavut

$14 million

 $352

Note: A negative figure represents an economic benefit.


A Note for our Readers:

Is Canada Off Track?

Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.

Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?

You can tell us what you think by filling out the survey

Join now to get the Taxpayer newsletter

Franco Terrazzano
Federal Director at
Canadian Taxpayers
Federation

Join now to get the Taxpayer newsletter

Hey, it’s Franco.

Did you know that you can get the inside scoop right from my notebook each week? I’ll share hilarious and infuriating stories the media usually misses with you every week so you can hold politicians accountable.

You can sign up for the Taxpayer Update Newsletter now

Looks good!
Please enter a valid email address

We take data security and privacy seriously. Your information will be kept safe.

<