NEW - NB: New carbon pricing plan for New Brunswick set to replace federal backstop
The federal carbon tax (backstop) will be replaced under the new carbon pricing plan for New Brunswick.
As part of the made-in New Brunswick carbon plan, effective April 1, 2020, the gasoline tax will decrease by 4.63 cents per litre and the motive fuel (diesel) tax will decrease by 6.05 cents per litre.
Currently, propane can be purchased exempt of the provincial tax of 6.7 cents/litre applied under the Gasoline & Motive Fuel Tax Act. This would include all exempt groups (i.e. fishers, farmers, wood producers, aquaculture, etc.) for qualifying activities and the plan would also exempt them of paying the tax on carbon emitting products (carbon tax). All the exemptions available for marked diesel would also be applicable to propane.
The current proposed carbon tax is at a rate of .0464 cents per litre on propane. This is the same rate for 2020 that was scheduled under the federal Backstop.
For more information, please contact Government Relations Director, Atlantic Canada and Quebec, Jean-François Duguay at email@example.com or 506-480-0275.