Correcting Error on Carbon Tax Analysis Won’t Change Conclusion That Canadians Worse Off: PBO

The federal budget watchdog says that an upcoming revised analysis on the economic impact of the carbon tax using proper data won’t change the previous conclusion that it leaves Canadians worse off. Parliamentary Budget Officer (PBO) Yves Giroux came under fire this week with Liberals highlighting an error that was made in his previous analyses on the fuel charge, or carbon tax. The PBO issued a note on April 17, saying it had improperly included the output-based pricing system (OBPS) for large emitters in its analysis. The fuel charge and the OBPS, also known as the industrial pricing system, constitute the federal carbon pricing regime....