An electric vehicle charging station in Duncan B.C. (Black Press files)

B.C. BUDGET: Carbon tax boosts low-income credits, electric vehicle subsidies

Homeowners can get up to $14,000 for heating, insulation upgrades

B.C.’s carbon tax is set to increase again April 1, with rising revenues directed away from personal income tax reductions to targeted programs designed to reduce greenhouse gas emissions.

Some of the proceeds from the tax on carbon fuels go to increased tax credits to offset the impact for low- and middle-income families. Effective July 1, 2019, the maximum rebate increases 14 per cent for adults and children, for a maximum tax benefit of $400 a year.

Finance Minister Carole James has budgeted $107 million to cover B.C.’s point-of-sale rebates for zero-emission vehicles over three years, out of a $900 million overall budget for its CleanBC initiative. Most of the rest of the CleanBC program details are to be announced later.

After being left at $30 a tonne of emissions from 2013 to 2017 under former premier Christy Clark, the NDP government raised the tax by $5 a tonne last spring and is increasing to $40 a tonne this spring. The impact of the tax is now about eight cents on a litre of gasoline at the pump.

RELATED: Metro Vancouver gasoline prices highest in Canada

RELATED: CleanBC plan aims to reduce emissions 60% by 2040

The zero-emission vehicle program is administered by the New Car Dealers Association of B.C. It provides up to $5,000 for purchase or lease of a new battery electric or plug-in hybrid vehicle, and up to $6,000 for a hydrogen fuel-cell vehicle.

The program was topped up last fall with an additional $10 million as electric and plug-in hybrid car sales continued to rise. Electric vehicles were 3.7 per cent of B.C. new car sales by mid-2018.

The province’s CleanBC program includes $58 million in incentives for heat pumps, insulated windows and other high-efficiency improvements for homes. Another $18 million is earmarked for remote and Indigenous communities to move to cleaner energy sources.

B.C. Green Party leader Andrew Weaver said the budget reflects many of his party’s priorities, on additional education spending as well as the CleanBC commitment.

“You can clearly see in this budget the signature of B.C. Green influence in a number of ways,” Weaver said. “We’re pleased to see the funding for CleanBC come forward.”

Revenue from B.C.’s carbon tax is expected to reach $1.7 billion for the fiscal year that starts April 1, up from $1.46 billion in the current year. Revenues are projected to rise to $1.97 billion in 2020-21 and $2.2 billion in 2021-22.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Potty Mouth artist creating Funky Fungus

Parksville-Qualicum’s Carmen Lutz has people chuckling with her hand-made, rustic mugs

Qualicum Beach charity hosts fundraiser for Guatemalan students

Aldea Maya has been working in the Central American country since 2012

Parksville Lawn Bowling Club on a roll for artificial turf

Project to cost over $500,000 but will save club money

More Parksville pop-up water parks planned

Fire department says Sunday, Aug. 18 next one on the agenda

Hi Neighbour Day celebrates 50th year in Errington

Pancake breakfast, parade, zucchini race and more planned for this years’ festivities

70 years of lifting: Canadian man, 85, could cinch weightlifting championship

The senior gym junkie is on track to win the World Masters Weightlifting championship

Advocates ‘internationalize’ the fight to free Raif Badawi from Saudi prison

Raif Badawi was arrested on June 17, 2012, and was later sentenced to 1,000 lashes and 10 years in jail for his online criticism of Saudi clerics

RCMP, search crews hunt for 4-year-old boy missing near Mackenzie

George went missing early Saturday afternoon

Canadian entrepreneurs turning beer byproduct into bread, cookies and profits

Some breweries turn to entrepreneurs looking to turn spent grain into treats for people and their pets

Canada ‘disappointed’ terror suspect’s British citizenship revoked

Jack Letts, who was dubbed “Jihadi Jack” by the U.K. media, has been detained in a Kurdish prison for about two years

Chrystia Freeland condemns violence in Hong Kong, backs right to peaceful assembly

There have been months of protests in the semi-autonomous region

B.C. VIEWS: Log exports and my other errors so far in 2019

Plastic bags, legislature overspending turn out differently

‘It’s just the freedom:’ Paralyzed Broncos player pursuing life on the water

The former Humboldt Broncos goaltender, who started in the net when he was nine, was paralyzed last year

Most Read