2024 Carbon Tax Details

– Regulator: Canada Revenue Agency – Effective: April 1, 2024 – Rate: $74 (2024) | $65 (2023) – Increment: +$10 – Link: Canada.ca

Carbon Tax Basics

Definition: Levy on emissions Goal: Reduce greenhouse gases Factors: Emissions, fuel type Incentive: Fuel reduction, tax benefits

Canadian Commitment

– Status: Top emitter, oil producer – Goal: -40-45% by 2030 – Action: 2024 Tax Hike support – Rate Target: $170/tonne by 2030

Daily Fuel Impact

Source: Govt. fuel data Influence: Combustion affects tax Positive: Efficient equipment helps Warning: Inefficient may hike tax

Incentives for Reduction

Targets: Individuals, businesses Approach: Promote fuel cut Offer: Carbon Tax Benefits

Tax Amount Calculation

– Basis: CO2 emissions, per tonne – Current: $65/tonne – Outlook: Increase expected – Behavior Impact: Shift to qualify

Fossil Fuels Impact

– Emissions: CO2, methane, nitrous oxide – Response: Govt. carbon taxes – Effort: Cut fossil fuel use

Government Motivation

– Objective: Cut fuel emissions – Tool: Tax rate increase – Benefit: Environmental + tax rewards