At a committee hearing on the 2025 budget, a member from the Canadian Trucking Alliance (CTA) said Liberals’ carbon tax is costing the industry $2 billion annually, and $15,000 to $20,000 per truck every year.
Geoffrey Wood, the CTA’s Senior Vice President, made the shocking revelation on Tuesday.
“It’s grossly inflating the cost of the supply chain,” Wood said. He further said it affects the cost of “everything.”
Asked what the cost to the trucking industry would be by then, Wood said he wasn’t sure, but he knows it’ll be more.
Premiers want the tax gone
Most Premiers have voiced opposition to the Liberals’ carbon tax, including Newfoundland and Labrador’s Liberal Premier, Andrew Furey.
Even last month, NDP Premier David Eby said he no longer supports the levy.
The Liberals maintain that four out of five Canadians are better off financially because of the quarterly carbon tax rebates the government issues.
“Prime Minister – Canadians don’t believe this. Your carbon tax is crippling us, making everything more expensive,” Alberta Premier Danielle Smith said in June.
Smith further pointed out a report by Canada’s Parliamentary Budget Officer, Yves Giroux, which stated that Canada’s projected GDP is expected to shrink from $2.68 trillion in 2030 to $2.66 trillion as a direct result of the carbon tax.
