
Country Profile: Canada
Tax to GDP ratio: 34.8%
Financial Transactions Tax (FTT): No information available
Oil & Gas Revenues:
- Total government revenue from oil & gas in 2022: $51.6 billion
- Share of oil & gas activity covered: 83.7%
Source: PBPR
These figures represents an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.
Carbon Pricing: Yes – carbon pricing instrument in place
- Instruments: National Carbon tax, Regional ETS
- Emissions covered: 0.01%, 0.31%
- Price: CAD$80 (US$58.95), CAD$80 (US$58.95)
- Revenue: CAN$130 million (US$96 million), CAN$7,740 million (US$5,719 million)
- Sectors covered: Electricity and heat, Industry, Mining and extractives, Electricity and heat, Industry, Mining and extractives, Transport, Aviation, Buildings, Agriculture, forestry and fishing fuel use
- Offsetting: Not permitted, Not permitted