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Canada to collect C$2.81 billion in direct revenue from federal carbon price in 2019-20
OTTAWA – The Canadian government will collect billions of dollars in direct revenue from its federal carbon pricing system over the next four years, but most of the country’s households will still receive more in rebates than they initially pay, Canada’s budgetary watchdog said on Tuesday. Canadian Prime Minister Justin Trudeau and his then-majority Liberal government introduced a revenue neutral carbon pricing system in October 2018 as part of its pledge to combat climate change. Under the program, the majority of the proceeds from the fuel charge are returned directly to individuals and families through rebates. On Tuesday, the Parliamentary…