Ontario Introducing Legislation to Create a “New Provincial Carbon Tax, Cap-and-Trade System”

The Ontario government is keeping costs down for people by introducing legislation that, if passed, would give Ontario voters a direct say over a new provincial carbon tax, cap-and-trade system or other carbon pricing program.

Overview

This proposed legislation would protect people and businesses from the high cost of a provincial carbon tax by requiring the government to first obtain the consent of Ontario voters through a referendum before implementing a new provincial carbon pricing program.

The Ontario government continues to urge the federal government to apply the same carve out on home heating that was provided to Atlantic Canadian provinces or to eliminate the federal carbon tax entirely.

This measure is part of upcoming legislation that will kick off the spring sitting of the legislature on February 20, 2024. The Get It Done Act will include a host of measures that, if passed, would build on the government’s commitments to date to streamline approvals for major infrastructure projects and housing, keep costs down for people and businesses and support economic growth for long-term prosperity.

Official Announcement

Keep Up to Date With Trending News

This website uses cookies to ensure you get the best experience on our website visit.

CHG Logo.