Canada's Carbon Tax Isn't Gone. Here's Where It Went.

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Talk Truth

Canada's Carbon Tax Isn't Gone. Here's Where It Went.

Society & Culture


Talk Truth 10.07.26 - Franco Terrazzano | Canadians were told the consumer carbon tax was gone, but Canadian Taxpayers Federation federal director Franco Terrazzano says another carbon tax is still hitting businesses — and ultimately consumers. Terrazzano breaks down the industrial carbon tax, why he argues it raises costs throughout the supply chain and what it means for Canadian jobs and competitiveness. He also digs into Ottawa’s spending and debt, the more than $1 billion he says taxpayers are spending every week on federal debt interest, proposed new CRA fines and why Canadians keep watching the purchasing power of their money shrink.


00:00 Introduction

01:05 Guest comes in: Franco Terrazzano

01:17 Steel jobs and Canada’s industrial carbon tax

02:33 The carbon tax isn’t completely gone

03:52 Does it affect grocery prices?

05:12 Carbon taxes and Canadian competitiveness

07:05 Saskatchewan scraps its industrial carbon tax

07:54 How Canadians pushed back on the consumer carbon tax

08:52 Can Carney balance the budget?

10:41 The Parliamentary Budget Officer’s warning

10:55 More than $1 billion a week in debt interest

12:43 Proposed CRA fines of $50 a day

14:52 Why is your $20 only worth a burrito?

16:00 Money printing and inflation

18:00 Government spending and affordability

25:00 Final thoughts