A senior government source initially confirmed the move Sunday night, which was followed by a provincial news bulletin Monday morning. The legislation would result in a reduction of the gas tax by 5.7 cents per liter and the fuel tax by 5.3 cents per liter for six months. The source said it will be presented on Monday. It would be the first time in more than 30 years that there has been a direct cut in the province’s gas and fuel taxes, the source added.
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In the press release, the government said vehicle owners would see “significant immediate savings” from the reduction of the gas tax and the recently announced abolition of the license plate renewal fee, leaving households with an average combined savings of around 465 $ this year. The story goes on under the ad The gas tax will be reduced to 9 cents per liter from 14.7 cents per liter, while the fuel tax – which includes diesel – will be reduced to 9 cents per liter from 14.3 cents per liter. Trending Stories
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The government said it would “ensure” that funding for municipal transmission systems from the gas tax “will not be affected” by the proposed cut. Two minutes per liter of gas tax is provided to municipalities to improve and expand transit. “The Ontario government also continues to call on the federal government to help families and businesses with rising costs by reducing the carbon tax, which has risen to 11.05 cents per liter for petrol and 13.41 cents per liter for diesel on April 1st. 2022 “, the announcement stated. 2:05 Gas prices fall as Alberta stops collecting gas tax Gas prices fall as Alberta stops collecting gas tax In the 2018 district election, one of Doug Ford’s key promises was to cut gas prices by 10 cents per liter, including cuts in the gas tax and the abolition of the cap-and-trade system, a move aimed at in the reduction of prices by 4.3 cents. The story goes on under the ad The county abolished the ceiling and trade system, but it sparked federal coal tax, overturning the 4.3-cent reduction. The government said the move to reduce the gas tax would lead to a total reduction of 10 cents per liter in provincial taxes and fees for gas. – With files from the Canadian Press © 2022 Global News, part of Corus Entertainment Inc.
