British Columbia carbon tax

rdf:langString British Columbia carbon tax

rdf:langString British Columbia's carbon tax and accompanying tax shift has been in place since 2008. It is a British Columbia policy which 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. Unlike most governments, British Columbia's electricity portfolio largely consists of hydroelectric power and their energy costs, even with the tax, are lower than most countries.