Bill C-206: Extension of the exemption for qualifying farming fuel to marketable natural gas and propane – Fiscal cost over a ten-year period
Published on January 20, 2022
On June 23, 2021, the Parliamentary Budget Officer (PBO) issued a legislative costing note updating the cost of the federal carbon tax exemption for marketable natural gas and propane used for all farm operations as provided in Bill C-206, 43rd Parliament, 2nd Session.
A parliamentarian requested an extension of these estimates to 2030. Table 1 shows the provincial breakdown of the projected cost over a ten-year period.
Bill C-206 - Extension of the exemption for qualifying farming fuel to marketable natural gas and propane
| $ millions | Alberta | Manitoba | Ontario | Saskatchewan | Total | Carbon price ($/t) |
|---|---|---|---|---|---|---|
| 2021-22 | 10 | 0 | 25 | 6 | 42 | 40 |
| 2022-23 | 13 | 1 | 32 | 7 | 53 | 50 |
| 2023-24 | 17 | 1 | 41 | 10 | 69 | 65 |
| 2024-25 | 21 | 1 | 51 | 12 | 85 | 80 |
| 2025-26 | 25 | 1 | 60 | 15 | 101 | 95 |
| 2026-27 | 29 | 1 | 70 | 17 | 118 | 110 |
| 2027-28 | 33 | 1 | 80 | 20 | 134 | 125 |
| 2028-29 | 38 | 1 | 89 | 23 | 151 | 140 |
| 2029-30 | 42 | 2 | 98 | 25 | 167 | 155 |
| 2030-31 | 46 | 2 | 108 | 28 | 184 | 170 |
Source: Office of the parliamentary budget officer.
Notes: Totals may not add due to rounding. These estimates are based on the calculation included in the legislative costing note for Bill C-206 published in June 2021.