There Are More Questions Than Answer - Carbon Taxes

The Canadian federal government is committed to reducing greenhouse gas emissions, and carbon taxes are a critical tool in achieving this goal. The carbon tax rates have been increasing steadily, and the current plan includes further increases to $170 per tonne by 2030. Condominium corporations in Ontario, which use natural gas for heating and domestic water, will be affected by these tax increases, leading to rising utility costs. To address this, retrofitting buildings to reduce carbon footprints will be necessary. However, the funding for these projects poses challenges, as reserve funds may not be sufficient, and alternative funding models like loans or special assessments may be required. Other considerations include logistical issues and potential non-financial benefits like improved comfort and indoor air quality.