Bill C-206: Extension of the exemption for qualifying farming fuel to marketable natural gas and propane – Fiscal cost over a ten-year period
On June 23, 2021, the Parliamentary Budget Officer (PBO) issued a legislative costing note updating the cost of the federal carbon tax exemption for marketable natural gas and propane used for all farm operations as provided in Bill C-206, 43rd Parliament, 2nd Session.
A parliamentarian requested an extension of these estimates to 2030. Table 1 shows the provincial breakdown of the projected cost over a ten-year period.
Bill C-206 - Extension of the exemption for qualifying farming fuel to marketable natural gas and propane
|
$ millions |
Alberta |
Manitoba |
Ontario |
Saskatchewan |
Total |
Carbon price ($/t) |
|
2021-22 |
10 |
0 |
25 |
6 |
42 |
40 |
|
2022-23 |
13 |
1 |
32 |
7 |
53 |
50 |
|
2023-24 |
17 |
1 |
41 |
10 |
69 |
65 |
|
2024-25 |
21 |
1 |
51 |
12 |
85 |
80 |
|
2025-26 |
25 |
1 |
60 |
15 |
101 |
95 |
|
2026-27 |
29 |
1 |
70 |
17 |
118 |
110 |
|
2027-28 |
33 |
1 |
80 |
20 |
134 |
125 |
|
2028-29 |
38 |
1 |
89 |
23 |
151 |
140 |
|
2029-30 |
42 |
2 |
98 |
25 |
167 |
155 |
|
2030-31 |
46 |
2 |
108 |
28 |
184 |
170 |
Source: Office of the parliamentary budget officer.
Notes: Totals may not add due to rounding. These estimates are based on the calculation included in the legislative costing note for Bill C-206 published in June 2021.