Quote:
Originally Posted by dmacc
Yes and no, notice Carbon Tax and the Personal Income Tax Exemption match each other in revenue over the next two years? Carbon Tax will bring in $120 Million (estimate) this year and the $1,010 PITE will cost the government roughly the same ($120 million) and next year the Carbon Tax will bring in closer to $240 Million since it will be in place for a full fiscal year. Next years PITE will go up another $1,010 and cost the government another $120 million for a total of $240 million.
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The whole Carbon Tax scheme is just a sham to take more of our money. The PITE only reduces our taxable income by a portion. I'm pretty sure they'll find more ways to take our money so it can be mismanaged (i.e. bailing out Bombardier, etc). They want us to help with the environment by taking public transit instead of our cars and how do they reward us? The government proceeds to eliminate the public transit credit on the income tax form. If they're serious about the environment, they should do a lot more to encourage public transit so that people actually prefer to use it. Perhaps fund real rapid transit (LRT instead of BRT) and bring back street cars in Winnipeg. They should take advantage of our hydro electric (renewable) power to run our transit system instead of relying on fossil fuels.