James Alexander Michie: Manufacturers make criticisms about the liberal carbon tax return | National Post
The manufacturers of several small businesses have given numerous critics on the return of taxes of the liberal carbon and of likewise make warnings of a possible second fiscal dispute.
These companies have warned that the carbon tax refund system could force the private sector to take an unfair share of the costs, thus accumulating new tax burdens just when the expanded requirements of the Canada Pension Plan come into effect next year.
Meanwhile, on Tuesday, Ottawa pointed out how it would apply its carbon tax refund system in four provinces, which certainly means paying reimbursements to voters. Environment and climate change Canada estimates that a family of four in Ontario will receive approximately $ 307 per year in 2019, reaching $ 719 in 2022. For most families, that rebate will be higher in their annual carbon tax payments according to the government.
Opinions on the subject
The various opinions on the subject have not been missing and in fact, important personalities have expressed their opinion.
The president of the Canadian Federation of Independent Businesses (CFIB), Dan Kelly, has expressed “They already started a fight with business owners with the changes in taxes on small businesses in 2017, and now it seems that there will be another important in 2018 on carbon taxes” he also said “ It may have completely eliminated any reconciliation that was happening between them”.
The head of the Mining Association of Canada, Pierre Gratton, supports the efforts of Ottawa but also makes a warning where he says that if the profits from that tax are not spent wisely, the policy could be very detrimental to mining companies. He also said, “It would be great to see a degree of industrial income neutrality”.
Meanwhile, Dennis Darby, who is CEO of Canadian Manufacturers & Exporters, has pointed out that “Canada already has a major problem attracting investments from both foreign and domestic sources” and added, “The federal carbon pricing system, since it is structured, further weakens our investment position”.
Source: Jesse Snyder | National Post