Country:Canada
Year:2008
Policy status:In Force
Jurisdiction:State/Regional
Date Effective:2008
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Energy Sector, Industry
Agency:Government of British Columbia
URL:http://www.fin.gov.bc.ca/tbs/tp/climate/carbon_tax.htm
Description:

This revenue-neutral tax applies to most fossil fuels, including: gasoline, diesel, natural gas, coal, propane, and home heating fuel. The carbon tax started at $10 per tonne of associated carbon or carbon-equivalent emissions, and rose by $5 each year over four years, reaching $30 per tonne in 2012. The revenue generated by this tax is returned to individuals and businesses through reductions to other taxes and other tax credits.

Last modified: Thu, 21 Jan 2016 11:48:41 CET