Nunavut government plans carbon tax rebate, changes to Income Tax Act – Nunatsiaq News

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Nunavut government plans carbon tax rebate, changes to Income Tax Act – Nunatsiaq News

by ahnationtalk on May 29, 2019314 Views

29 May, 2019

We’ll give carbon tax revenue back to Nunavummiut, George Hickes says

Nunavut tax filers will get a rebate that will put federal carbon tax revenues back into their pockets, Finance Minister George Hickes said in the Nunavut legislature on May 28.

That makes Nunavut the last jurisdiction to announce how it will use revenues raised by the imposition of the federal government’s backstop carbon tax, which kicks in on July 1.

The federal government is imposing it because Nunavut has not developed its own system for pricing the greenhouse gas emissions that cause global warming.

But at the same time, Ottawa has promised to return all carbon tax revenues to Nunavut.

Read More: https://nunatsiaq.com/stories/article/nunavut-government-plans-carbon-tax-rebate-changes-to-income-tax-act/

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