• Liberals Propose National Carbon Tax in Canada
  • July 26, 2008 | Authors: Patricia A. Koval; Dennis E. Mahony; Michael T. Pickersgill
  • Law Firm: Torys LLP - Toronto Office
  • On June 19, 2008, the official federal opposition Liberal Party formally added a broad-based national carbon tax to its policy platform. The announcement, which had been anticipated for several weeks, was accompanied by the release of a detailed policy document titled The Green Shift. In it, the Liberals promise that if elected they would introduce a carbon tax that is expected to generate up to $15.4 billion in its fourth year. Proposed as a revenue-neutral tax, the Liberal plan promises to return all of the revenue generated by the tax to Canadians and Canadian business.