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?

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[–] TribblesBestFriend@startrek.website 30 points 1 week ago (3 children)

Alberta did this, in less than a year they roled it back because it did nothing, turns out that petrol industries boost their price to match the price reduction.

Tax cut to people earning less than 100,000$ a year and investing in bus, metro and tram. That’s the only way

[–] Jhex@lemmy.world 11 points 1 week ago (1 children)

Every single tax discount the government offers plays out like this. When Trudeau rolled out some green building initiative, every single Window vendor I was getting quotes from, raised their prices to match the discount

[–] ikidd@lemmy.world 3 points 1 week ago (1 children)

I did the Greener Homes grant thing, I was being quoted $25000 for a heat pump installation where I pulled a permit, bought the pump for 4500 and installed it myself in a weekend. Bought about $1000 worth of tools just to do the job, and couldn't submit it for the grant because it wasn't done by a company.

Fuck that bullshit, it was corporate welfare, not an actual attempt to reduce energy costs. Typical fucking Liberal smoke and mirrors bullshit that gives tax dollars to private industry.

[–] Jhex@lemmy.world 1 points 6 days ago

I agree with your first paragraph but not the second.

While I agree this is corporate welfare, the Conservatives, if they do anything of this sort, just skip the middle man and gift money to companies directly via tax cuts with no strings attached (that is all Harper ever did)

To clarify, I am NOT defending the liberals here. But if we compare, the Conservatives don't even participate

[–] sbv@sh.itjust.works 10 points 1 week ago (1 children)

I'd go for a cheque sent to people earning under some cutoff, and public transit investments would be great.

[–] TribblesBestFriend@startrek.website 4 points 1 week ago

Yeah a cheque will do. Now with the tax cut the only winners are petrol heavy industries and anyway refineries will boost their price and put the blame on the liberals

[–] sbv@sh.itjust.works 3 points 1 week ago (1 children)

I'm trying to find out more about the rollback in Alberta.

From what I can find, they've institutionalized the cut by linking the tax to the price of oil. That means the tax will shrink as prices increase (as far as I understand).

Do you have links that would support your statement?

[–] TribblesBestFriend@startrek.website 2 points 1 week ago

The only thing I found are recent, this is last year. They did it pretty silently, they didn’t want to look like morons