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B.C. is killing its consumer carbon tax: What does that mean for you?

Killing part of the 17-year-old tax will save residents money at the gas pump and home heating bill but it's going to leave a big hole in the B.C. government's budget



B.C. is eliminating the consumer portion of its 17-year-old carbon tax, following a federal reduction for consumers to zero. This will save residents money on gas and home heating, but will create a $1.8 billion budget shortfall. The carbon tax on large industrial emitters will remain, while the carbon tax rebate program for lower-income households will be scrapped. The eliminated consumer portion was estimated to bring in $2.8 billion.

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