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Minister Pardy Introduces Legislation to Reduce Gas Tax to Zero
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 18:55:16.0
Tags: [Newfoundland and Labrador, Taxation, Finance, Affordability, Energy]On October 29, 2026, Newfoundland and Labrador Minister of Finance Craig Pardy introduced legislation to reduce the provincial tax on gasoline and diesel to 0 cents per litre, down from 7.5 cents and 9.5 cents respectively. Factoring in the Harmonized Sales Tax (HST), drivers will save 8.625 cents per litre on gasoline and 10.925 cents per litre on diesel amidst record high fuel prices. The legislative amendments also establish a protective mechanism to keep provincial fuel taxes at zero for as long as oil prices remain above a specified threshold. This measure is part of the Provincial Government's broader Budget 2026 initiative, which has invested over $275 million in cost-of-living relief.
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Minister Pardy Introduces Legislation to Reduce Gas Tax to Zero
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 18:55:16.0
Tags: [Newfoundland and Labrador, Taxation, Affordability, Finance, Energy]The Government of Newfoundland and Labrador, through Minister of Finance Craig Pardy, introduced legislation to reduce the provincial tax on gasoline and diesel to 0 cents per litre. This policy removes the existing provincial taxes of 7.5 cents per litre for gasoline and 9.5 cents per litre for diesel, resulting in total savings at the pump—including Harmonized Sales Tax (HST)—of 8.625 cents per litre for gasoline vehicles and 10.925 cents per litre for diesel vehicles. Furthermore, the legislative amendments establish a safeguard mechanism to maintain the provincial fuel tax at zero as long as oil prices stay above a specified threshold, forming part of the provincial government's broader $275 million cost-of-living relief initiative.
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Provincial Government Cutting Gas Tax on Gasoline and Diesel to Zero Beginning December 1
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-26 14:15:53.0
Tags: [Newfoundland and Labrador, Taxation, Affordability, Energy, Finance]The Government of Newfoundland and Labrador, through Minister of Finance Craig Pardy, announced that the provincial gas tax on gasoline and diesel will be reduced to zero cents per litre from December 1, 2026, to March 31, 2027. The Provincial Government will introduce legislative amendments in the House of Assembly to enact these changes and establish a permanent mechanism to keep the provincial fuel tax at zero whenever fuel prices exceed a specified threshold. This measure represents $25 million in affordability relief, contributing to a broader $79 million cost-of-living package that also includes the accelerated Churchill Falls Electricity Rebate and a doubled Home Heating Supplement.
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Premier Wakeham Announces $54 Million in Additional Affordability Relief
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-22 12:50:01.0
Tags: [Newfoundland and Labrador, Affordability, Energy, Taxation, Finance]Premier Tony Wakeham and Minister of Finance Craig Pardy announced a $54 million affordability package to assist residents of Newfoundland and Labrador with winter energy costs. The initiative accelerates the implementation of the Churchill Falls Electricity Rebate starting in January 2027, providing residential customers of Newfoundland Power and Newfoundland and Labrador Hydro a 15 per cent reduction (up to 2,000 kilowatt-hours per month) estimated at $351 annually, costing $45 million for the remainder of the 2026-27 fiscal year. Additionally, the maximum Home Heating Supplement for households relying on furnace or stove oil is doubled from $500 to $1,000 for the 2026 program, providing roughly $9 million in relief to approximately 9,000 current applicants.
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N.W.T. finance minister says no emergency relief from fuel price shock, but pushes Ottawa for support
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-21 10:00:00.0
Tags: [National, Finance, Energy, Taxation, Affordability]Northwest Territories Finance Minister Caroline Wawzonek rejected calls from MLAs to slash the territorial gas and diesel tax—which generates an estimated $15 million annually—or provide immediate emergency heating fuel subsidies ahead of winter. Testifying before the federal standing committee on Indigenous and Northern Affairs, Wawzonek criticized federal funding programs like the $2-billion heat pump initiative as unsuitable for northern climates and pressed Ottawa for customized support to address energy and affordability challenges where transport and heating costs are double the national average. She noted the territorial government already provides over $18 million in direct annual energy subsidies and warned that low water levels threatening the hydro system will force the territory to rely more heavily on costly diesel generation.
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Power bills in Nova Scotia may spike as utility looks to refinance $1B in assets
Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-09 15:30:07.0
Tags: [Nova Scotia, Energy, Finance, Affordability]Nova Scotia Power Inc. is applying for regulatory permission to refinance nearly $1 billion worth of assets, including coal plants scheduled for closure by 2030, through a financial scheme known as securitization. The utility states that the mechanism could impose a 2.9 per cent surcharge on residential power bills next year, contributing to a total projected rate increase of 6.8 per cent in 2027 when combined with previously approved hikes. While Nova Scotia Power maintains that lower interest rates from securitization will save customers $265 million over 30 years, Premier Tim Houston has expressed doubts regarding whether the accounting change will yield actual savings for ratepayers.
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Large businesses and post-secondary institutions could see five-digit utility fee hike if Epcor franchise fee increase approved
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-10-05 21:00:32.0
Tags: [Alberta, Municipal, Taxation, Finance, Energy]The Edmonton City Council utility committee voted to send a proposed increase in the city's franchise fee charged to Epcor from 17.65 per cent to the provincially capped maximum of 20 per cent to the full city council. If approved, the hike takes effect on January 1, 2027, generating an estimated additional $14.8 million for the municipality while increasing monthly utility bills by up to $31,500 for post-secondary institutions, $10,400 for large commercial properties, and $6,250 for hospitals.
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Internal documents detail Ottawa's economic worries over Alberta referendum
Source: CBC Politics
Date: 2026-10-03 08:00:00.0
Tags: [National, Alberta, Economy, Finance, Energy, Governance]Internal documents from Finance Canada and the Justice Department dated June 2026 reveal federal concerns regarding potential economic impacts from Alberta's October 19 separation referendum, including an estimated $18-billion fiscal shock, corporate head office flight, and potential population outflows. The briefing notes highlight that Alberta accounts for 15 per cent of Canada's national GDP, contributes an average of $18 billion annually in net fiscal transfers between 2022 and 2024, and represents 31 per cent of Canada's exports. Furthermore, federal officials warn that existing federal pension legislation governing the Canada Pension Plan contains flawed language and payout formulas that would likely require Supreme Court interpretation if Alberta attempted to withdraw its assets.
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Narrowed rebate eligibility leaves some Nova Scotians worried about heating costs
Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-01 21:16:24.0
Tags: [Nova Scotia, Affordability, Energy, Social Services, Finance]The Government of Nova Scotia has narrowed the eligibility criteria and lowered net income thresholds for the Heating Assistance Rebate Program (HARP), reducing individual caps from $55,000 to $30,000 and family caps from $70,000 to $45,000. Minister of Service Nova Scotia Jill Balser defended the changes, citing a $1.4 billion provincial deficit and a $33 million budget allocation for the program, which provides eligible households with up to $400. Advocacy groups, including the Ecology Action Centre, ACORN, and the Parker Street Food and Furniture Bank, raised concerns over rising heating oil costs and high energy poverty rates, noting a 25 per cent increase in demand for emergency heating supports.
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Head of European Investment Bank eyes Canada opportunities as Carney pushes EU ties
Source: CBC Politics
Date: 2026-09-20 17:22:05.0
Tags: [National, Finance, Trade, Economy, Energy, Mining]European Investment Bank President Nadia Calviño stated that the bank is exploring a framework agreement to finance Canadian projects, targeting critical minerals, new technologies, and green energy generation amid Prime Minister Mark Carney's push for deeper European Union ties. While U.S. President Donald Trump criticized the closer Canada-EU alignment and threatened tariffs, Canadian officials confirmed Canada will not pay directly into the 27-nation EU budget under the proposed associate membership framework. The initiative follows Carney's Canada Investment Summit, which federal officials report attracted nearly $500 billion in new investment into Canadian businesses and infrastructure.
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New Brunswick aiming to attract $30 billion in investment at Toronto summit
Source: New Brunswick - Regional News
Date: 2026-09-14 18:07:55.0
Tags: [New Brunswick, Economy, Finance, Industry, Energy, Mining]New Brunswick Premier Susan Holt and provincial officials are attending the Canada Investment Summit in Toronto to pitch eight capital investment projects totaling more than $30 billion. The initiatives include a new nuclear development, a proposed data centre, and the Sisson Mine project, focusing on critical minerals, advanced materials, energy, digital infrastructure, and transportation. University of New Brunswick political science department chair Herb Emery noted that while the summit could yield contracts and commitments, the long-term projects will generate GDP too far in the future to immediately address the province's current budget deficits.
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Carney is seeking trillions in investment at this week's summit. What will it take to land major deals?
Source: CBC Politics
Date: 2026-09-14 08:00:00.0
Tags: [National, Economy, Finance, Trade, Infrastructure, Energy]Prime Minister Mark Carney is hosting the Canada Investment Summit in Toronto to secure up to $1 trillion in foreign direct investment across 167 major projects presented in a 66-page federal prospectus. The high-profile event brings together global financial leaders—including BlackRock Inc. chairman Larry Fink, Temasek CEO Dilhan Pillay, and representatives from sovereign wealth funds like Norway's government pension fund and Abu Dhabi National Oil Co.—to counter pressures from an escalating Canada-U.S. trade war. The projects span eight critical sectors, led by significant developments such as a proposed $35-billion oil pipeline from Alberta to British Columbia, a roughly $79-billion expansion of the Port of Churchill in Manitoba, and the $28.5-billion Ksi Lisims liquid natural gas terminal on the B.C. coast. While economic think tanks like the C.D. Howe Institute and financial institutions like TD Bank project a potential investment supercycle that could boost real output per capita, the initiative faces domestic political criticism regarding national sovereignty and foreign ownership of strategic resources.
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Residential Customers to Benefit from Provincial Government’s New Electricity Rebate
Source: Newfoundland & Labrador - Government Releases
Date: 2026-09-11 13:00:09.0
Tags: [Newfoundland and Labrador, Affordability, Energy, Finance]The Provincial Government of Newfoundland and Labrador announced the Churchill River Electricity Rebate, which will provide a 15 per cent electricity rebate for residential ratepayers on their first 2,000 kWh of usage per month. Announced by Minister of Finance Craig Pardy, the measure is contingent upon the finalization of definitive agreements for a new Churchill Falls agreement expected by the end of 2026. Given that provincial households average 1,400 to 1,500 kWh of electricity usage per month, the rebate is projected to save ratepayers an average of $351 per year.
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