This report summarises the benefit of a Made-In-Ontario carbon pricing system and offers to the province the freedom to decide how revenues should be returned to households. There are a range of options to offset the increases in carbon costs households will bear, including offering tax cuts or increasing tax credits. This balancing of climate action and affordability will become even more important in a post-COVID-19 Canada still striving for net-zero emissions. This paper also presents four options for using carbon price revenues. The distributional impacts of each option on the average household is measured by income quintile. This helps show how households with different income levels would benefit from each approach.
4 years ago
Ontario’s Options: Evaluating how provincial carbon pricing revenues can improve affordability

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Oct 2020
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