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

White Rock council calls for needs assessment study for new city hall

Staff study would determine possibilities for new ‘civic precinct’

White Rock 10-year-old hopes ‘horrible truth’ of war speech touches hearts

YouTube voting on Pratyaksha Awasthi’s speech ends March 29

A Surrey Mountie’s tale of reconciling her family’s history with the LGBTQ+ ‘purge’

PART TWO: Cpl. Sturko is spokeswoman of Surrey RCMP after her great uncle was ‘purged’ from the RCMP

18 months conditional term for indecent caller

Incidents reported in Surrey, White Rock and Langley

Delta mosque holds silent prayer vigil for Christchurch victims

Event emphasized the importance of acceptance, solidarity in the wake of the attack on Muslim worshippers

The good, bad and the unknown of Apple’s new services

The announcements lacked some key details, such as pricing of the TV service

VIDEO: Teenage girl was person killed in three-vehicle crash in Coquitlam

Police are investigating the fatal crash at Mariner Way and Riverview Crescent

BREAKING: BC Ferry crashes into Langdale terminal

The Queen of Surrey is stuck on the dock, causing delays to Horseshoe Bay

5 to start your day

Fatal crash in Coquitlam, stranger climbs onto balcony and lights fire, and more

Eviction halted for B.C. woman deemed ‘too young’ for seniors’ home

Zoe Nagler, 46, had been given notice after living in the seniors complex in Comox for six years

Vancouver Island home to B.C.’s luckiest lotto store

Five million-dollar winners have bought tickets from same Port Alberni corner store

Video of ‘shocking, chilling execution’ opens B.C. murder hearing

Sentencing underway for Brandon Woody after pleading guilty to second-degree murder in Nanaimo

Is it a homicide? B.C. woman dies in hospital, seven months after being shot

Stepfather think Chilliwack case should now be a homicide, but IHIT has not confirmed anything

SPCA seizes 54 animals from Vernon property

Animals weren’t receiving adequate care

Most Read

l -->