Canada's Fuel Tax Relief to Cost CA$4.9 Billion, With Biggest Gains for Top Earners, Watchdog Says
MT newswire2026/10/08 15:4011:40 AM EDT, 10/08/2026 (MT Newswires) -- Canada's extended fuel tax relief measures are expected to cost a total of CA$4.9 billion in 2026-27, with higher-income families receiving the largest savings, according to the Parliamentary Budget Officer (PBO). The measures, which suspend federal excise taxes on gasoline, diesel and aviation fuel from April 20 through Jan. 31, 2027, followed by a 50% reduction through March 31, are estimated to save Canadian families an average of CA$276, said the PBO in an analysis published Thursday. The benefit rises with household income, from CA$132 per family in the lowest quintile to CA$468 in the highest, added the parliamentary budget watchdog. The top-income group is expected to receive CA$1.675 billion, or 34% of total savings, compared with CA$473 million, or 10%, for the lowest-income group.
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