Airo AV Writes Morning Brief: New Brunswick's carbon tax plan gets feds' s... - Jonathan Cartu CPA Accounting Firm - Tax Accountants
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Airo AV Writes Morning Brief: New Brunswick’s carbon tax plan gets feds’ s…

Morning Brief: New Brunswick's carbon tax plan gets feds' s...

Airo AV Writes Morning Brief: New Brunswick’s carbon tax plan gets feds’ s…


Today’s Morning Brief is brought to you by Chartered Professional Accountants of Canada. Contributing to the dialogue with government, parliamentarians and other stakeholders on topics such as tax policy, climate action, anti-money laundering and data governance. Find out more at cpacanada.ca/policyadvocacy.

Happy Friday Jr., readers.

The federal government announced on Wednesday that it accepted New Brunswick’s proposed replacement of the its own tax on carbon.

Once the province’s $30 per tonne price on carbon emissions goes into effect in April, Ottawa’s own price that was being escalated to the same at that date will be removed. The federal levy that will no longer apply to New Brunswick is planned to rise to $40 per tonne in 2021 and $50 per tonne in 2022.

As with other provinces that have implemented their own carbon pricing system, New Brunswick’s own system will be subject to an annual review.

The federal pricing system for heavy emitters, which operates like a cap-and-trade system, will remain in effect in New Brunswick while the federal government renews the province’s pollution pricing plan that would apply to industry.

“We’re seeing growing momentum for pricing pollution in Canada because it’s a cost-effective way to cut pollution and deliver clean growth,” Environment Minister Johnathan Wilkinson said in a statement.

“We congratulate New Brunswick’s government for moving forward with an effective price on the carbon pollution from fuels throughout its economy.”

iPolitics’ Marco Vigliotti has more of the details.

In Other Headlines

In a backtrack, Liberals move to reinstate parliamentary secretaries’ power at committees (CTV News)

SNC-Lavalin’s fight for a remediation agreement grinds on in Federal Court of Appeal (Postmedia)

Liberal MPs won’t empower themselves to turf Trudeau, control caucus membership (Canadian Press)

House passes motion calling on Ottawa to pay First Nations child welfare compensation ordered by tribunal (CBC News)

ICYMI from iPolitics

Revised rules around aluminum emerged as a problematic point in Canada’s Parliament for ratifying the newly-tweaked version of the new trade agreement between Canada, the United States and Mexico. The latest version of the replacement to NAFTA was signed on Tuesday, with the three member countries agreeing to tighter definitions on what constitutes North American steel used in automobile manufacturing.

Similar rules aren’t found for aluminum originating in the pact’s member countries, giving worry to Canada’s aluminum sector that cheap metal imports from China and elsewhere could flood the market and disrupt a highly-integrated automotive value chain in the continent.

The Bloc Québécois, which hold 32 seats in Canada’s second most populace province, already said it won’t back the new deal. It was unclear Wednesday whether the Tories or NDP would now oppose the deal also.

Jolson Lim reports.

In more news related to the new NAFTA, Canada’s major pharmaceutical lobby says the removal of a requirement for the extension of data protection for new biological drugs in Canada to be expanded from eight years to 10 “sends the wrong signal to the thousands of researchers and scientists across the country who have dedicated their lives to finding new cures and innovative treatments to help Canadians live longer, healthier lives.”

The Parliamentary Budget Officer estimated the recently removed provision would have cost Canadians dependent on certain drugs more.

That’s from Vigliotti.

Around the World

U.K. voters will elect a new Parliament on Thursday following a six-week campaign that’s been fought largely over the issue of Brexit. Conservative party leader Boris Johnson, the favourite in the polls, has promised to complete the United Kingdom’s divorce from the European Union by the end of the year, despite the Irish border remaining an unresolved issue. Johnson’s top challenger, Jeremy Corbyn of the Labour Party, has promised to hold a second referendum if his party is elected to a majority.

As the Guardian reports, the leaders of both parties that polls suggest are most likely to be elected will face a difficult path ahead of them if they don’t win a majority of the 650 seats that represent England, Scotland, Wales and Northern Ireland.

House Judiciary Committee members debated two articles of impeachment against President Donald Trump on Wednesday, starting what the New York Times reports will likely be a two-day meeting that will culminate on Thursday with both articles being approved, along party lines, sending them to the House for a final vote on whether to escalate impeachment proceedings into a trial.

Democrats have made the case that Trump not only used his office to pressure Ukraine to investigate his political rivals, but also neglected the oath of his office by seeking to conceal his actions from Congress. Republicans argued that the case against Trump has been overstated, insufficiently proven and part of a desperate attempt to remove the president from the Oval Office.

Meanwhile, the Washington Post reported Wednesday that Senate Republicans are coalescing around a strategy of holding a short impeachment trial next year, despite Trump’s desire to stage a lengthy public defence that the White House thinks could deflect damage to its political rivals.

Cartoon of the Day

Theo Moudakis cartoon

IN FEATURED OPINION

Graham Thomson: Will Kenney’s ‘war room’ deliver a ‘positive and uplifting’ war?

FINALLY

MPs on Wednesday night took turns standing in the House to pay tribute to longtime Conservative MP Deepak Obhrai, who died over the summer.

Obhrai died at 69 years old just weeks after being diagnosed with liver cancer. Because Parliament was not in session, MPs weren’t able to pay homage to Obhrai in-Chamber until yesterday. MPs from all parties celebrated their former colleague’s sense of humour, while many of those who rose to speak donned Obhrai’s signature scarf.

Global News has more on the tribute.

Have a nice day.

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