WYNNE GOVERNMENT CONSIDERING 5-10-CENT HIKE IN GAS TAX

Dec 12, 2013

By AM740 Staff

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A panel appointed by the Wynne government has released recommendations that call for an increase in the gas tax by up to 10 cents a litre to help fund public transit expansion in the greater Toronto-Hamilton area. The report by Anne Golden says the increase can be capped at five cents a litre if the government increases the Harmonized Sales Tax by half a per cent. Golden says residents outside the GTHA won’t be subsidizing transit in the metropolitan area because they’d get their share of both taxes to fund their transit projects. Premier Wynne says the government must make huge investments in public transit to help ease gridlock, and will make a decision on the gas tax hike before next spring’s provincial budget. Ontario’s Finance Minister says he’s ready to go the polls to fight for re-election on a gas tax hike if that’s what the Liberals decide will be the best way to raise money for transit expansion. Ontario currently imposes a 14.7-cent-per-litre levy on unleaded gasoline, which hasn’t changed in more than 20 years. Adding another 5-cents is estimated to cost drivers 80-to 100 dollars more a year.

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