OTTAWA — Canadians have shelled out fuel taxes since 1925. But by the end of last century the tax started to hurt. By January 1990, a litre of gas cost $0.55 and included just under 19 cents in provincial and federal taxes.
More recent hikes at the pump are billed as a virtuous means of changing future weather.
In Ontario, by the end of December 2021, a litre on average cost $1.27 and that included 51.2 cents (38 per cent) in taxes.
Courtesy of the Trudeau regime, the government bite will increase by a further 6 cents in 2022.
The federal “carbon tax” portion goes up 2.21 cents per litre this April Fool’s Day and a new 4-cents-per-litre “Clean Fuel Standard” takes effect in December, according to Canadians for Affordable Energy president Dan McTeague.
So, if the gas price portion were fixed, tax alone would push a litre of gas by the end of the year to $1.39 per litre and 46 per cent of the price (or 63 cents) would be the portion you pay in taxes.
The punishment will only get worse as both of those taxes are scheduled to notch upward annually for the next several years. In 2023, the carbon tax starts an accelerated pace of 3.26-cent increases until 2030, while the Clean Fuel Standard will hit 16 cents in 4-cent increments, McTeague says. He forecasts gas pump prices could hit $1.65 per litre later this year.