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.

BC legislature

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Brucejack mine fatality identified

Patrick Critch was from Newfoundland

Granisle receives $4.3 million funding for Wastewater Treatment plant upgrade

The village will finally get to upgrade the 49 years old plant

Spirit North Burns Lake conducting canoe, paddle board camp for indigenous kids

Rachelle van Zanten, the Community Program Director for the Burns Lake area… Continue reading

Chinook Community Forest holds open house and BBQ in Burns Lake

Chinook Community Forest held their annual open house and BBQ at the… Continue reading

Burns Lake’s much awaited Splash Park almost ready

The Radley Beach Splash Park is 95 per cent ready. According to… Continue reading

B.C. would not send students back to school if there was ‘overwhelming risk’: Horgan

Plan has left many parents across the province worried about their children’s safety

Face masks will be mandatory for customers at all Walmart locations

Requirement goes into effect on Wednesday, Aug. 12 across Canada

Masks to be mandatory on BC Transit, TransLink starting Aug. 24

Both BC Transit and TransLink made the announcement in separate press releases on Thursday

Penticton homes evacuated due to wildfire northwest of city

Emergency vehicles are at the scene near Sage Mesa, evacuation centre set up in Penticton

British Columbians worried as end of COVID-19 rental supplement looms

Single mom struggles as supplement was her saving grace

Arson suspected in several wildfires lit near Kootenay town

RCMP making progress in arson investigation of Marsh Creek fires

Three screening officers at Vancouver airport test positive for COVID-19

The public is not believed to be at risk of exposure

VIDEO: B.C. conservation officers free not-so-wily coyote with head stuck in jar

Poor pup was found with a glass jar stuck on its head in Maple Ridge

Most Read