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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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With city's next four-year plan less than a month away, Edmonton's budget deliberation process unveiled
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-10-06 20:29:58.0
Tags: [Municipal, Alberta, Finance, Taxation, Governance, Affordability]The City of Edmonton unveiled its upcoming four-year budget deliberation process, which will encompass five distinct budgets: the capital, operating, utility services operating and capital, office of the city auditor, and climate budgets. Draft budgets are scheduled for publication on November 2, followed by a public hearing beginning on November 23 that will remain open for up to 10 days until December 18 or budget approval. In an 8-5 vote, City Council approved raising the city's franchise fee to 19.4 per cent to match Calgary's rate, aiming to offset property tax pressures on residents and businesses while the city works to rebuild its financial stabilization reserve back to the $150-million baseline.
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Only 150 first-time homebuyer GST rebates approved as of June
Source: CBC Politics
Date: 2026-09-24 21:28:16.0
Tags: [National, Housing, Taxation, Finance, Affordability]Federal data reveals that as of June, only 150 first-time homebuyer GST rebate applications out of 7,500 received have been approved by the federal government under its program eliminating the GST on newly built or substantially renovated homes worth up to $1 million. The data indicates that 620 applications were denied, 6,700 remain pending with an average processing time of 50 days, and a total of $3,577,000 has been paid out at an average of about $24,000 per rebate. Finance Minister François-Philippe Champagne acknowledged the slow rollout, while Department of Finance officials attributed the initial delays to uncertainty surrounding the passage of Bill C-4, which received royal assent in March 2026.
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C-38 (45-1) - Canadian Fuel Affordability Act
Source: Parliament of Canada (LEGISinfo)
Date: 2026-09-21 15:16:00.0
Tags: [National, Taxation, Finance, Affordability]Bill C-38, titled the Canadian Fuel Affordability Act, was introduced and read for the first time in the House of Commons on September 21, 2026. Sponsored by the Minister of Finance and National Revenue, the bill proposes to amend the Excise Tax Act to extend the federal fuel excise tax relief. The legislation is currently at the second reading stage in the House of Commons during the 1st session of the 45th Parliament.
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Strong and Steady: Saskatchewan Maintains Top Provincial Credit Rating
Source: Saskatchewan - Government News
Date: 2026-09-14 21:00:00.0
Tags: [Saskatchewan, Finance, Taxation, Economy, Affordability]Moody's Investors Service, Morningstar DBRS, and S&P Global have affirmed Saskatchewan's top provincial credit ratings (Aa1, AA (low), and AA respectively) with stable outlooks, citing strong financial management and a manageable debt burden. Deputy Premier and Minister of Finance Jim Reiter noted that the province's economic strength supports the 2026-27 Budget, which implements the second year of a four-year provincial income tax reduction plan providing approximately $200 million in savings. Under this plan, a family of four pays no provincial income tax on their first $65,000 of income, representing the highest threshold in Canada. Furthermore, Saskatchewan projects real Gross Domestic Product growth to rank third-highest among provinces in 2026 and second-highest in 2027, alongside maintaining the second-lowest net-debt-to-GDP ratio in the country.
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Liberals will extend gas and diesel tax holiday into 2027, sources say
Source: CBC Politics
Date: 2026-09-02 13:09:12.0
Tags: [National, Taxation, Affordability, Economy, Finance]Finance Minister François-Philippe Champagne announced an extension of the federal excise tax holiday on gasoline and diesel until early 2027. Originally introduced in April by Prime Minister Mark Carney as a temporary measure costing an estimated $2.4 billion to mitigate short-term oil price pressures from the U.S. conflict with Iran, the policy cuts the 10-cent federal excise tax per litre of gas and 4 cents per litre of diesel. The extension comes amid ongoing demands from provincial leaders like Ontario Premier Doug Ford and federal Conservative Leader Pierre Poilievre for further tax relief.
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