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

BC Wildfire Service to burn ten piles in Joe Rich

The service will begin the burning in late September and conclude by December of 2019

Motorcycle involved in multi-vehicle crash on Highway 97 in Kelowna

A man is being treated for injuries after he crashed his bike in an accident at Dilworth Drive intersection on Highway 97

Caught on Camera: Boat catches fire at Kelowna marina

The cause of the fire is unknown at this time, no injuries were reported as a result of the blaze

Kelowna Chiefs win in epic overtime battle in emotional memorial night to late owner

The Chiefs hounoured Grant Sheridan with a win in the team’s home-opener

West Kelowna’s stuggles continue as Warriors drop game in Merritt

The Warriors gave up a 2-0 lead to lose 4-2 Friday night

VIDEO: A moment to remember during the World Lacrosse Men’s Indoor Championship in B.C.

Diego Hernandez Valenzuela’s team lost, but he felt like a winner Saturday

Internet speed testing implemented in the CSRD

Test results will be tracked to find areas where improvement is needed.

Former South Okanagan resident found dead in Alberta

Candace Deleeuw was reported missing Sept. 16

PHOTOS: Steller sea lion with plastic around neck rescued on Vancouver Island

Rescue staff determined the plastic band cut the protected animal’s neck approximately two inches

B.C. VIEWS: School officials join fact-free ‘climate strike’

Students, public get distorted picture of greenhouse gases

Latimer surveyed much of Summerland

Civil engineer was also responsible of community’s irrigation system

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Most Read