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Canada budget


New Canadian budget includes fuel economy carrots and sticks

Canadian Finance Minister Jim Flaherty unveiled a new budget in parliament this week, and it includes incentives for Canadians to drive greener vehicles. The Vehicle Efficiency Incentive will provide a tax break of up to $2,000 to people who buy more fuel efficient vehicles, no incentives or penalties to purchasers of vehicles with average fuel economy and a new tax on gas-guzzlers. The Transport Canada combined fuel economy ratings of new cars will be compared to thresholds to determine if they get rebates or new taxes. Cars that get ratings ... Read more →

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