Learn more about the Carbon Tax, and what the average Calgary home can do to offset any additional costs.
Starting on Jan. 1, 2017, fuel prices will be taxed at a rate of $20/tonne. By Jan 1, 2018, that same tax will go up to $30/tonne. The government has said it will hold off on any further tax increases until Alberta’s economy is stronger. But what does that mean?
Based on average use, the government estimates the carbon tax will cost the average single person $191 per year, and the average family of four $338 per year in 2017. This calculation includes the increase in gas (+4.47 cents/l*) / diesel (+5.35 cents/l* ) and electricity bills. It is important to also note that according to the information released any household earning below $95,000 or a single person earning below $47,500 will be eligible for rebates.
*based on the average 2016 prices.
The idea of the Alberta Carbon Tax is to cut emissions, in other words, to make the province greener and more environmentally conscious. This might be the perfect time for your home to get more efficient and environmentally friendly — i.e. – a household that uses multiple cars, has an inefficient heating system or bad insulation will be more impacted by this tax than one that favours public transit, has an efficient heating system or installs a smart thermostat for example.
The reality, however, is that nobody likes to pay more taxes, especially us, Albertans. But instead of focusing on the negative, we decided to list a couple of changes that can offset the carbon tax and even reduce your current house energy bill.