6 October 2016
On 3 October 2016, Canadian Prime Minister Justin Trudeau announced his government is planning to introduce a nationwide carbon tax starting in 2018. Under the plan, provinces and territories would need to levy at least CAD 10 per metric ton on carbon emissions or opt for a cap-and-trade system that can be shown to meet or exceed the federal benchmark for reduced emissions. If no carbon tax is implemented at the province/territory level, a CAD 10 per metric ton tax will be levied at the federal level in 2018 and increased CAD 10 per year to CAD 50 per metric ton in 2022.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.