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

Lower turnout for Langley’s voters in 2019

Early voting was up compared to 2015

Aldergrove Secondary students create It-themed circus of horrors

Annual haunted house runs Friday and Saturday, Oct. 25 and Oct. 26, as dry grad fundraiser

Kwantlen First Nations ‘overlooked’ in middle school plans

Majority of IR 6 residents sign petition against D.W. Poppy becoming a middle school

Harry Potter-themed house opens for Halloween in Langley

Each year the Halloween house draws inspirations from a different Harry Potter book in the series

VIDEO: Is the stethoscope dying? High-tech options pose threat

World-renowned cardiologist believes the device is just a pair of ‘rubber tubes’

Beers on the job, smacking crotches: 10 police misconduct probes in B.C.

Recent report by the Office of the Police Complaint Commissioner highlights a number of investigations

Seizure of cannabis edibles, including mac-and-cheese, prompt warning from B.C. RCMP

Potato chips, cheesecake and candy infused with cannabis also seized back in August

B.C. parents sue city and province in 12-year-old daughter’s drowning at lake

Beverly Park drowned at Rotary Lake in Dawson Creek in August 2016

VIDEO: Chill with polar bears through an Arctic live cam

Cam reopens just ahead of Polar Bear Week

UPDATE: Charges pending after two teens pepper sprayed at Port Coquitlam high school

Mounties are still working to determine exactly how many youth were involved

Aquilini companies deny negligence in U.S. vineyard fire that killed two kids

Fire occurred at Red Mountain Vineyard, located in southeast Washington State

Surrey cop killer gets new parole conditions

Surrey RCMP Constable Roger Pierlet, 23, was shot dead on March 29, 1974

Most Read