GST, HST on carbon price could raise billions over next seven years: budget watchdog
The federal government's carbon price could generate more than $5 billion from the federal sales tax over the next seven years, but none of that money is directly earmarked for climate programs.
![GST, HST on carbon price could raise billions over next seven years: budget watchdog](https://i.cbc.ca/1.4876169.1708626828!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/carbon-price-rebates-20181022.jpg)
![A dump truck works near the Syncrude oil sands extraction facility near the city of Fort McMurray, Alta., on June 1, 2014. Canadians will find out Tuesday exactly how they will be compensated for the upcoming federal carbon tax. The Canadian Press has learned Prime Minister Justin Trudeau will be in Toronto with Environment Minister Catherine McKenna to unveil the long-promised rebate plan, as well as which provinces will be subjected to the federally-imposed price on pollution. THE CANADIAN PRESS/Jason Franson A dump trump stops in front of a large oil sands extraction facility. A large plume of smoke billows rightwarsd from a column.](https://i.cbc.ca/1.4876169.1708626828!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/carbon-price-rebates-20181022.jpg)
The federal government's carbon price could generate more than $5 billion from the federal sales tax over the next seven years, but none of that money is directly earmarked for climate programs.