Country:Canada
Year:2005
Policy status:In Force
Date Effective:2005
Policy Type:Economic Instruments>Fiscal/financial incentives
Agency:Infrastructure Canada
URL:http://www.fin.gc.ca/budget06/bp/bpc3ce.htm
Legal References:Budget 2005
Funding:C$5 billion before 2010
Climate Change Description:Budget 2005 announced the Government of Canadas intention to provide a total of $5 billion in gasoline excise tax revenues generated between 2005 and 2010 to municipalities to support environmentally sustainable infrastructure projects such as public transit, water and wastewater treatment, community energy systems and the handling of solid waste. Budget 2006 indicated that the new government will maintain the gas tax funding commitment under the "New Deal for Cities and Communities". In 2005-06, Canadas cities and communities received a share of federal gas tax revenues worth $600 million. This funding will increase until it reaches $2 billion annually, equivalent to 5 cents per litre of gas tax revenues, by 2009-10. Specifically: 2005/06: $600 million 2006/07: $600 million 2007/08: $800 million 2008/09: $1 billion 2009/10: $2 billion Funding is being distributed to provinces, territories and First Nations on a per capita basis once bilateral agreements are signed. Millions of Canadian Dollars: Newfoundland and Labrador 82.3 Prince Edward Island 37.5 Nova Scotia 145.2 New Brunswick 116.1 Quebec 1,151.0 Ontario 1,865.5 Manitoba 167.3 Saskatchewan 147.7 Alberta 476.9 British Columbia 635.6 Yukon 37.5 Northwest Territories 37.5 Nunavut 37.5 First Nations 62.5 These agreements ensure that funds are received by municipalities promptly on a fair and transparent basis. Budget 2007 and the Building Canada infrastructure plan commit to extending the federal Gas Tax Fund an additional four years from 2010 to 2013-14, delivering CAD 8 billion (CAD 2 billion per year) in new predictable funding for sustainable infrastructure in our cities and communities. The allocation of funding after 2010 will be identified as agreements are reached for the transfer of new funding.

Last modified: Wed, 18 Jul 2012 15:40:58 CEST