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Carbon tax will drive up grocery prices

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The carbon tax is now a reality for all Canadians — and that means food prices will be affected. The federal carbon-pricing scheme took effect in Ontario, New Brunswick, Saskatchewan and Manitoba on April 1. These provinces had previously chosen not to comply with the new federal law through their own initiatives. Pricing will begin in Nunavut and Yukon on July 1.

Every other province and territory already had a carbon-pricing scheme in place, although Alberta’s incoming premier promises to remove its carbon tax. Of course, even if this new tax is paid by businesses, it will have an impact on everything we consume, including food.

Gas prices increased 4.4 cents per litre on April 1 in those provinces affected by the new tax. And that’s projected to rise to 11 cents a litre by April 2022. This jump will parallel the carbon tax’s gradual increase, based on targets set by the Paris climate accord signed in 2015.

Some consumers will get rebates of up to $500 a year. Lower-income, food-insecure households, with lesser carbon footprints, will receive a rebate........

© Times Colonist