Carney and Co are lowering gas/diesel taxes:
The move means that the cost of gas will drop by 10 cents on a litre of gasoline and four cents per litre of diesel starting on Monday and lasting until Labour Day. The fuel tax holiday, which Carney said would also see the four cent per litre excise tax removed on aviation fuel, is expected to cost an estimated $2.4 billion.
One of the aims is to improve the affordability hit we’re taking because of the US/Israel war with Iraq.
Does the tax holiday make sense to you? Could it be done better?
I don’t drive much anymore because of the cost of gasoline; however, giving the small tax break in diesel fuel some thought, I would sooner donate my 10-cent discount to the truckers who have to increase their transportation cost for the food they deliver. I would donate my share to the farmers who will also have to “up their prices” for the food they grow because of diesel costs. The price of Diesel fuel has not dropped much despite the widespread implications it has on consumers. Does the tax on Gas make sense to you? Na. “” Could it be done better? “” I would think. Diesel equipment did not get any tax relief, and we will feel that tenfold.
Ontario and Quebec, at least, already have tax exempt coloured fuel for farming. I think most provinces do.
Coloured fueling transportation is an option, but there are some second and third order effects that come to mind.