QUESTION PERIOD — Ministry of Environment and Climate Change
Carbon Capture Tax Credit
November 22, 2023
Hon. Julie Miville-Dechêne
I have another question on Bill C-234, a bill that is sparking a rather difficult debate.
I’m trying to understand the numbers. You introduced a refundable tax credit for farms in 2021. I’d like to know if you have any calculations showing that this refundable tax credit is offsetting the costs of the carbon tax on average per farm. What does it represent? I can’t do the math. I’m no accountant. Could you give us some figures to help us understand what we are discussing? Is it a refundable tax credit that offsets the entire carbon tax or not?
Hon. Steven Guilbeault, P.C., M.P., Minister of Environment and Climate Change
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I don’t have those figures on hand but we can certainly provide them to you, senator.
Senator Miville-Dechêne
A quick response would be appreciated since we’re examining the question now. Thank you.