October 8, 2026
Canada’s Carbon Tax Isn’t Gone. Here’s Where It Went.
With Allan and Corri Hunsperger · Guest: Franco Terrazzano
Canadians were told the consumer carbon tax was gone, but Canadian Taxpayers Federation federal director Franco Terrazzano says another carbon tax is still hitting businesses — and ultimately consumers. Terrazzano breaks down the industrial carbon tax, why he argues it raises costs throughout the supply chain and what it means for Canadian jobs and competitiveness. He also digs into Ottawa’s spending and debt, the more than $1 billion he says taxpayers are spending every week on federal debt interest, proposed new CRA fines and why Canadians keep watching the purchasing power of their money shrink.
In this episode
Tap a time to jump to that part of the conversation.
- 00:00 Introduction
- 01:05 Guest comes in: Franco Terrazzano
- 01:17 Steel jobs and Canada’s industrial carbon tax
- 02:33 The carbon tax isn’t completely gone
- 03:52 Does it affect grocery prices?
- 05:12 Carbon taxes and Canadian competitiveness
- 07:05 Saskatchewan scraps its industrial carbon tax
- 07:54 How Canadians pushed back on the consumer carbon tax
- 08:52 Can Carney balance the budget?
- 10:41 The Parliamentary Budget Officer’s warning
- 10:55 More than $1 billion a week in debt interest
- 12:43 Proposed CRA fines of $50 a day
- 14:52 Why is your $20 only worth a burrito?
- 16:00 Money printing and inflation
- 18:00 Government spending and affordability
- 25:00 Final thoughts
Stand with Talk Truth
Your support makes conversations like this possible. Together we can continue to shine a light in the darkness.