Policy Forum: Cross-Border and Multijurisdictional Issues in Carbon Taxation—Carbon Pricing and the Income Tax

Allison Christians ()
Additional contact information
Allison Christians: Faculty of Law, McGill University, Montreal

Canadian Tax Journal, 2022, vol. 70, issue 1, 97-109

Abstract: Canada's federal carbon-pricing scheme and its subnational counterparts might not be sufficient to meet the target of net zero by 2050. In the meantime, carbon dioxide (CO 2) emitters are allowed to profit by externalizing environmental costs and risks on to present and future taxpayers. When the income tax ignores these externalities, it implicitly subsidizes CO 2-intensive activities relative to less harmful alternatives. In examining our carbon tax policy options, we ought to consider whether the externalization problem could be addressed within the income tax to ensure that the income tax system assists, rather than undermines, the net zero pledge.

Keywords: Carbon pricing; carbon taxes; valuation; income; efficiency (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ctf.ca/EN/Publications/CTJ_Contents/2022CTJ1.aspx (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ctf:journl:v:70:y:2022:i:1:p:97-109

Ordering information: This journal article can be ordered from
Canadian Tax Foundation, 145 Wellington Street West, Suite 1400, Toronto, Ontario, Canada M5J 1H8
https://www.ctf.ca/E ... ns_ListingBooks.aspx

DOI: 10.32721/ctj.2022.70.1.pf.christians

Access Statistics for this article

Canadian Tax Journal is currently edited by Kim Brooks, Kevin Milligan, and Daniel Sandler

More articles in Canadian Tax Journal from Canadian Tax Foundation Canadian Tax Foundation, 145 Wellington Street West, Suite 1400, Toronto, Ontario, Canada M5J 1H8.
Bibliographic data for series maintained by Jim Lyons ().