• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Capital Projects Energy Funds & Finance Mining View all
Advisory
Crisis & Risk Management ESG Strategy and Solutions Governmental Affairs & Public Policy
View Client Work
International Experience
Insights News Events
New Energy Economy Series Business Law Talks Podcast Economic Outlook
ESG & the CIO Subscribe
People
Practices
Industries
Advisory Services
Client Work
About
Offices
News
Careers
Insights
Law Students
Events
Search
Alumni
Payments
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 
Blog

B.C. Carbon Tax Increase Delayed Further Due to COVID-19

September 04, 2020

Written By Sharon Singh, Thomas McInerney and Parker Mckibbon

On September 2, 2020, the Government of British Columbia announced that it will further delay implementation dates for changes to the B.C. Carbon Tax and Provincial Sales Tax (PST) due to COVID-19.

In March 2020, the B.C. Government delayed a scheduled increase from $40 to $45 per tonne of carbon dioxide equivalent (tCO2e) in April 2020 until September 30, 2020, as part of the province's COVID-19 Action Plan. With the further implementation delay, the B.C. Carbon Tax rate will remain at $40 per tCO2e until April 2021, when it will increase to $45 per tCO2e. In April 2022, there will be another scheduled increase to $50 per tCO2e. The current change is aimed at giving businesses and families more time to recover from COVID-19, while still meeting the federal carbon-pricing backstop rate of $50 per tCO2e by 2022. 

In addition, we note that:

  • The filing and payment deadlines for the Carbon Tax was extended to September 30, 2020, in March 2020 as part of the COVID-19 Action Plan. The B.C. Government has announced that these payment and filing deadlines will not be extended further.  
  • The Climate Change Accountability Act requires British Columbia to set sectoral targets by March 2021 and review targets before the end of 2025 and every 5 years thereafter, and set interim targets by December 2020 for a date prior to 2030. The B.C. Government has not yet announced the basis upon which the interim targets will be set.

The COVID-19 pandemic has caused the federal government and some provincial governments to extend regulatory compliance reporting. However, given the federal carbon-pricing targets in 2022, governments are unlikely to grant further delays.

If your business or organization has questions respecting COVID-19 implications to climate change reporting, please contact a member of the Bennett Jones Climate Change group.

Download PDF

Authors

  • Sharon G.K. Singh Sharon G.K. Singh, Partner
  • Thomas W. McInerney Thomas W. McInerney, Partner

Fall 2022 Economic Outlook: Managing Risks and Taking Action

Related Links

  • Insights
  • Media
  • Subscribe

Recent Posts

Blog

Blueberry River First Nation, Treaty 8 First Nations [...]

January 30, 2023
       

Blog

Requisitioning the Closure of Open Building Permits

January 30, 2023
       

Blog

Field Notes: Recent Pesticide Initiatives in Canada

January 26, 2023
       

Blog

Canada Border Services Agency Publishes Update of [...]

January 25, 2023
       

Blog

Balancing Act: Facilitating Trade and Worker Protection [...]

January 18, 2023
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
  • History
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2023. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones