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Before you accept Prime Minister Justin Trudeau’s claim his carbon tax is going to make almost everyone richer, you might want to factor in that you’ll be paying the federal goods and services tax (GST) on top of it.

And that this will pour hundreds of millions of additional dollars into federal coffers from Canadian taxpayers annually, despite Trudeau’s claim his carbon tax is “revenue neutral” for his government.

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It isn’t, as the federal Conservatives have pointed out.

Because the 5% GST is applied to a broad range of goods and services after all other taxes and prices have been included, it will also apply to Trudeau’s carbon tax, as a tax on a tax. (Or, in some cases, a tax on a tax on a tax.)

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The same is true for provincial sales taxes, when it comes to assessing the full impact of Trudeau’s carbon tax of $20 per tonne of industrial greenhouse gas emissions this year, rising to $50 per tonne in 2022 and after that, if Trudeau wins re-election on Oct. 21, who knows?