- New regulations effectively eliminate the fuel charge imposed under Part 1 of the Greenhouse Gas Pollution Pricing Act (GGPPA) by reducing fuel charge rates to zero, beginning 1 April 2025.
- In addition, a second set of regulations makes coordinating amendments that relate to the reduction of the fuel charge rates to zero.
- With the removal of the fuel charge from its carbon pricing system, the Government of Canada will also terminate the Canada carbon rebate.
- These changes are part of the federal government’s effort to refocus pollution pricing on industrial carbon pricing.
Source EY
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