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Carney says people who have been getting a rebate on the carbon price will get one final payment for the next quarter in April.

Prime Minister Mark Carney wasted little time in removing a potent point of attack for the Conservatives in recent years: the consumer carbon tax. After being sworn in on Friday, Carney's cabinet ended the tax through what's known as an order-in-council.

Prime Minister-designate Mark Carney, a Liberal who will replace Justin Trudeau on Friday, has said he plans to abolish a carbon pricing system that many residents have paid since 2019 on fossil fuel products, including gasoline, diesel and natural gas.

There will be no hike in provincial carbon taxes April 1, says Premier David Eby, who today announced the carbon tax is being scrapped, in line with the elimination of a federal carbon taxes.

B.C. Premier David Eby said his government is preparing legislation to scrap the province’s consumer carbon tax after Prime Minister Mark Carney reduced the federal version of the tax to zero on Friday as his first act in office.

The federal carbon price is set to rise from $80 to $95 per tonne on April 1 as part of the government’s scheduled annual increases. The price is on track to reach $170 per tonne by 2030 under the current policy.

B.C. Premier David Eby says his government is drafting legislation to scrap the province's consumer carbon tax following a promise from Prime Minister Mark Carney to do the same.

British Columbia's government will follow through on its promise to repeal the province's consumer carbon tax after new Prime Minister Mark Carney moved to eliminate the federal version of the levy on Friday.