June 24, 2008
Filed Under (News) by Angela Chih

They must, because I just got a non-taxable cheque for $100 in the mail. Sorry to burst your bubble but you weren’t the only one to get this “Climate Action Dividend.” Every individual (adult or child) with a BC residency on December 31, 2007 is eligible for this monetary incentive (except those incarcerated of course). And what exactly is the government’s message? Well, as the name of this initiative implies, it is “to help British Columbians make lifestyle changes to reduce their use of fossil fuels.” The total value of these benefits is $440 million, paid out of the 2007/08 surplus.

Now hold up. Before you start jumping for joy and running to the mall for that new pair of shoes that you’ve been salivating over, remember that starting next week, the province’s Revenue Neutral Carbon Tax will kick in and you’ll find a dramatic increase in your use of expletives whenever you make a stop at the pumps. The math is complicated but just to give you an idea, according to “North America’s first comprehensive carbon tax,” you’ll be paying 2.41 cents more per litre of gasoline this year, a premium that will increase each year for the next four years. Eventually, you’ll be paying 7.24 cents more per litre by 2012. For diesel and home heating oil, it works out to 2.76 cents more per litre, rising to 8.27 cents more per litre over the same period.

So yes, the $100 does seem to be sugar-coating this terrible news, but keep in mind that it’s a “Revenue-Neutral” Carbon Tax, which means that by law, all revenue raised by the carbon tax must be returned to individuals and businesses through reductions to other taxes. So, if you’re a cup half-full kind of person, all of it can be viewed as an incentive to make better choices for the environment and as a consequence, for yourself and your family. So kudos to the government I say. I’m going to be buying light bulbs with my $100. Seriously folks, do use it for what it’s intended. Energy Star qualified bulbs use about 75% less energy than standard incandescent bulbs and last up to 10 times longer. If you wanna join me, here’s a link to a great article that’ll come in handy on your next shopping trip.

One Response to “Pigs Do Fly!”

  • lies! You changed all the lightbulbs ages ago and we still have a couple left over for when they finally die out. What are you REALLY going to spend your $100 on?

    If gas costs me 2.41 cents more than I was expecting to pay this year, and I fuel up twice a month at 30L each time, it’ll cost me $17.35 more than I was expecting to pay. I’m spending the remaining $82.65 on cake. :)

    And just a note to anyone who might leave a negative comment (I’ve noticed people on this site don’t usually leave positive ones :S ): Yes, my lightbulbs have already been changed; no, I don’t drive everywhere; no, I don’t have a gas guzzler; yes, I use recyclable cloth bags when shopping; yes, I recycle paper, plastic, glass and anything else that can be put somewhere other than the garbage can. So there, I can have cake!

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