In Ontario, up to 38 per cent of the price of gas that we are charged at the pumps comes from taxes, according to a
report released by the Canadian Taxpayers Federation.
And that percentage is only set to get higher with new fuel taxes on the horizon.
At $1.41 cents per litre last week, gas prices hit their highest levels in over seven years.
Let’s break down the tax bill of a single litre of gas today: Ontario drivers pay 8.8 cents for the carbon tax; 14.7 cents for provincial gas taxes; 10 cents for federal gas taxes; 9.6 cents for provincial sales taxes; and six cents in federal sales taxes.
That means that more than 49 cents paid on each litre of gas is taxes. Without taxes, the price of gas per litre today would be sitting at 92 cents.
When was the last time you were able to fill up your gas tank for less than a dollar per litre?
The scary thing is that these high gas prices will seem like a distant and fond memory if Prime Minister Justin Trudeau is able to implement the rest of his carbon tax agenda.
Right now, carbon taxes are sitting at $40 per tonne, which raises gas prices by 8.8 cents per litre. But Trudeau wants to raise the carbon tax to $170 per tonne by 2030.
What would that mean for gas prices? Carbon taxes would be adding 37.4 cents per litre.
If the Trudeau carbon tax were fully implemented today, you would be paying $1.70 per litre.
And that’s just with Trudeau’s first carbon tax.
The Trudeau Liberals are planning to implement a second carbon tax. This new carbon tax is a fuel standard tucked into government fuel regulations that makes gasoline and diesel cost more.
That requirement alone will add roughly another 11 cents per litre to gas prices in Ontario.
Count up all the existing and future taxes, and drivers are looking at gas prices of $1.81 per litre if we follow the Trudeau plan.
With a cost of 48 cents per litre from these two carbon taxes, a family filling up their minivan will be paying an extra $36 at the pumps in carbon taxes.
If you fill up one car once per week, the taxes will amount to almost $2,000 per year. Gotta love Trudeau and the way he looks out for all Canadians!