Greenhouse Gas Pollution Pricing Act
The Greenhouse Gas Pollution Pricing Act establishes a federal price on greenhouse gas (GHG) emissions beginning in January 2019 and applying to any province or territory of Canada that requests the price, or to any province or territory of Canada that has not implemented a compliant carbon pricing regime.
The GHG pollution prices set out in this law start at C$20 per ton in 2019, although they rise by C$10 per ton annually until a maximum of C$50 per ton in 2022. The price will then stay at C$50 per ton unless new legislation is introduced to revise the price.
According to the law, producers, distributors and importers of fossil fuels and combustible waste must register and file monthly reports and returns showing that they have paid the net taxes for the fuels and waste they produce, distribute or import.