Carbon price rebate changes proposed
An amended Yukon carbon pricing rebate for miners would maintain support for the trade-exposed industry while meeting new federal benchmark requirements, the Yukon government said Wednesday.
An amended Yukon carbon pricing rebate for miners would maintain support for the trade-exposed industry while meeting new federal benchmark requirements, the Yukon government said Wednesday.
That day, Premier Sandy Silver tabled Bill No. 21, the Carbon Price Rebate Amendments Act, “which would preserve and protect rebates for Yukon businesses, municipal governments and First Nations governments,” the government said.
Since 2019, the government has administered a revenue-neutral fund which returns all carbon pricing revenues received back to Yukoners.
The federal government has imposed additional requirements for jurisdictions which administer their own carbon price or rebate regimes.
Bill 21 proposes to amend the current rebate for the Yukon’s mining industry to meet new federal requirements while ensuring that Yukon businesses, municipalities and First Nations continue to receive rebates.
Bill 21 would merge the mining rebate with the general business rebate and reduce administrative barriers for placer and quartz miners applying for rebates.
Currently, mine operators must file an annual application by Sept. 30, each year, to determine their carbon rebate amount.
Under the proposed changes, operators would be able to claim their rebate at the same time that they file their annual income tax return.
The proposed rebate mechanism would apply starting in 2023. Mine operators will continue to operate under the existing framework for fuel purchased before Dec. 31, 2022.
“The Yukon government supports putting a price on pollution as a mechanism to reduce greenhouse gas emissions while ensuring the territory remains competitive as we transition to a green economy,” Silver said.
“These amendments would ensure that carbon pricing revenues continue to benefit Yukon businesses and local governments in a way that recognizes the unique challenges facing trade-exposed industries and meets new national benchmark requirements.”
The government uses existing fuel-use data to estimate anticipated levies so Yukoners don’t have to wait for their rebate.
It allows the government to issue rebates that align with the federal levies that Yukoners pay at the pump.
All federal levies collected in the Yukon are returned to Yukoners, businesses, First Nations governments and municipal governments.
Annual rebates to individuals and households are issued as quarterly payments from the Canada Revenue Agency.
Rebates to Yukon businesses are issued as a refundable income tax credit with their tax return. The credit is based on a weighting of assets and will support investments in green technology and equipment.
“As outlined in Our Clean Future, rebates support Yukoners and Yukon businesses to invest in low-carbon alternatives, ensuring the territory remains competitive as we transition to a green economy while protecting vulnerable families,” the government said.
“Yukon’s rebate system is the result of significant discussions with Yukoners, governments and industry. It also aligns with Yukon’s commitments under the Pan-Canadian Framework on Clean Growth and Climate Change.”
Comments (5)
Up 2 Down 2
Moral Relativism on Oct 17, 2022 at 12:46 pm
At Choose Life on Oct 16, 2022 at 10:02 am:
Death cult liberalism is life giving. You can be composted for the good of the community. The new MAID talking points help people to understand that life may be shyt so why not become fertilizer for food crops?
“Last year Recompose began transforming bodies to soil, after Washington became the first state to legalize the practice of human composting, more formally known as natural organic reduction.”
I wonder what the moral implications of this will be? Oh, that’s right, there is no common morality it’s all relative now. The old meme about commas and eating grandma is no longer funny… Commas are now irrelevant and no longer save lives!
What next? How safe is Rover or Fluffy?
Link:
https://people.com/human-interest/human-composting-a-new-end-of-life-choice-turns-bodies-into-soil/
Up 4 Down 4
Choose Life on Oct 16, 2022 at 10:02 am
The death cult coalition of the L-NDP is looking at implementing a new strategy in its war against carbon. Now that they have expanded access to MAID for infants with disabilities, persons with mental health, and poverty, along with strong pressures on the elderly to end their lives:
Those vile wretched boomers who are solely responsible for putting straws in turtles noses, strangling ducks with plastic, trapping marine mammals in discarded nets and on and on… Families will now be able to apply for carbon credits to offset fuel costs. There will be a prorated schedule for accruing carbon offset credits - Infant children will provide larger benefits than the elderly. Our new MAID Actuarial Tables prorate the value of human life based on life expectancy rates which are themselves adjusted to account for lowered life expectancies due to the MAID pogroms.
If you choose to allow MAID beneficiaries (after all - Kindness kills) to be used as fertilizer in our new Soylent Green food industries you will be available for further Carbon Credit offsets.
The preceding was intended to be purely satirical. Any similarity or parallels to current events is, well, uh, coincidental - You know what they - Truth is stranger than fiction. The L-NDP death cult alliance is proving that quite handily!
Honk your horns for freedom! Every time you pass 2071 - 2nd Avenue - Honk to let the legislature know that you support the right to security of person, to freedom, and life for all ‘born’ citizens.
Let them know before it’s too late… Because if we are talking mental illness, and disabilities it will disproportionately affect Liberals!
Up 6 Down 4
Jim on Oct 14, 2022 at 1:38 pm
Silver/Trudeau and their carbon tax “tweaking”. Anyone that believes that the carbon tax is revenue neutral is just as blind as the Liberals. If you don’t drive a vehicle and you don’t pay for heating fuel, you still most likely fall behind as there is carbon tax on everything you buy. From clothing, furniture, groceries, alcohol. Basically anything that is trucked up the highway.
So where does all the extra carbon tax and GST on top of carbon tax go that freight companies pay on their fuel and add a surcharge to all their rates? Is Silver saying they get it all back and are just milking the public? What about small businesses that are heating their spaces, running shop vehicles, paying freight. Are they getting all theirs back? Sure if they do some sort of investment in green technology. So they have to spend money to get a rebate. What this has turned out to be is a wealth redistribution. If it was revenue neutral for everyone, then you would think what’s the point.
If they are truly giving everything back you spend every quarter, what’s the point in collecting it? This is one of the biggest shell games being played on us all. When asked why not get an exemption on heating fuel like the NWT, I believe Sandy said Yukoners would prefer the rebates. So the Liberal think tank assumes heating fuel exemption would cancel all the rebates. So how would that make the carbon tax/GST on gas and diesel revenue neutral then.
Up 11 Down 7
Max Mack on Oct 13, 2022 at 5:13 pm
But still no relief at the pump or on home heating fuels, a significant factor in inflationary pressure.
Yukoners continue to suffer under the heavy-handed taxation schemes of the Liberal/NDP alliance. 40-year inflationary highs in both the US and Canada.
The Lib/NDP alliance will simply resort to more money printing and robbing Peter to pay Paul, driving inflation ever higher.
Up 17 Down 5
Wilf Carter on Oct 13, 2022 at 3:14 pm
What are the new reg's and how do they support resource/economic development in Yukon?