The Government of Saskatchewan’s decision to remove the federal carbon tax from home heating reduced the province’s inflation rate by 1.9 per cent, down from 2.7 per cent in December.
That is according to the latest Consumer Price Index report released by Statistics Canada, which identifies the removal of the federal carbon tax on natural gas as having a significant impact, saying:
“In Saskatchewan, the collection of the carbon levy ceased in January 2024, contributing to the province’s year-over-year price decline of natural gas (-26.6 %).”
Crown Investments Minister Dustin Duncan said this provides a clear example of what the federal government needs to do to reduce Canadian families’ cost of living.
“If they are actually serious about fighting inflation, the federal government needs to remove the carbon tax on everyone and everything,” Duncan said. “This shows how much impact it has, just removing it on home heating in one province. Imagine the significant impact it would have on gas prices, grocery prices and everything else we produce and transport in Canada if the federal government scrapped the carbon tax.”
