VANCOUVER — British Columbia’s budget shows that the impending end of the province’s consumer carbon tax will leave a roughly $1.5-billion hole in its revenue streams, with one expert saying “there will be both winners and losers” from the change.
The budget released earlier this month shows the province was forecasting revenue of just over $2.5 billion from the tax in the 2024-25 fiscal year, while the estimated cost of the climate action tax credit was $995 million.
Werner Antweiler, associate professor at the Sauder School of Business at the University of B.C., said that leaves about $1.5 billion in revenue the province will need to make up, which
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