Today, April 1, 2019 the Federal Government will be imposing a new carbon tax on Natural Gas users in Ontario.


The increase will amount to 4.4 cents per cubic meter of gas consumed which, for a typical highrise, is approximately $10,000.00 to $15,000.00 annually.  Additional increases are expected to be at 11.1 cents per cubic meter by 2022.


It is important to note that this charge will be in addition to all other costs paid for natural gas (delivery, transportation, etc.), and it makes no difference if you have entered into a fixed rate contract for natural gas supply.


Condominium Boards and Owners need to be aware that this expected increase will be incorporated into future budgets and may have an impact on increasing common expenses.