Starting April 1, Albertans will see a price jump when it comes to gas pumps and liquor stores.
Although the climate action incentive payment rebates will be sent out on April 1, the carbon tax increase and alcohol escalator tax might affect how you feel about the reimbursement.
The federal carbon tax is increasing to 14 cents per litre of gas come the first day of April, a jump from the previous 11 cents per litre.
On July 1, 2023, the federal government will impose a second carbon tax. By 2030, the second carbon tax will raise the cost of petrol by up to 13 cents a litre. The second carbon tax does not offer any rebates.
While the price at the pumps will be making a jump upward, it's not the only thing that will see an increase, the price of adult beverages will be on the rise as well. Alcohol taxes will increase by 6.3 per cent starting this Saturday.
Over 50 per cent of the cost of beer, 65 per cent of the cost of wine, and more than 75 per cent of the cost of spirits are already attributable to taxes. With the increase of the carbon tax, it is predicted the change could affect families anywhere between $400 to $850, according to the Canadian Taxpayers Federation.
The federal government's fiscal year begins on April 1 and ends on March 31.
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