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The International Fuel Tax Agreement (or IFTA) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. [1]
In March 2022, the Alberta government announced it would suspend the collection of the fuel tax starting April 1, as a way to fight the rising cost of fuel. [19] In December 2023, the Alberta government announced that with lower oil prices, the fuel tax would be phased back in after Dec. 31, 2023. [20]
The carbon tax is levied because of a need to combat climate change, which resulted in federal commitments to the Paris Agreement. According to NASA 's Jet Propulsion Laboratory (JPL), the air today contains 400 ppm of CO 2 while the CO 2 level average over the past 400,000 years was between 200 ppm and 280 ppm.
Canadian import duties; Canadian Tax Foundation; ... (tax) International Fuel Tax Agreement; L. ... Motor fuel taxes in Canada; N.
Canada–United States Safe Third Country Agreement; Canadian–American Reciprocity Treaty; Columbia River Treaty; F. ... International Fuel Tax Agreement; M.
Though much uncertainly remains about how these tariffs will function, a full-fledged 25 percent tariff on goods from Canada and Mexico, plus a 10 percent tariff on all imports from China, would ...
Long-awaited guidance around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with conventional fuel was issued Friday by the Treasury Department. Producers of ...
Petroleum product use in British Columbia declined after the implementation of the carbon tax in 2008. The British Columbia carbon tax has been in place since 2008. It is a British Columbia policy that adds additional carbon taxes to fossil fuels burned for transportation, home heating, and electricity and reduces personal income taxes and corporate taxes by a roughly equal amount.