Axe the Tax rallies took place across the country and the premier has written another letter to the Prime Minister asking for a different approach to the carbon tax which went up today, but one financial analyst has crunched the numbers and says most people will come out on top with the carbon rebate.

Senior wealth advisor with Short Financial, IA Private Wealth, Larry Short says it may be an unpopular view, but the rebates should offset increased gas prices as a result of the carbon tax.

He says the average Canadian drives approximately 15,000 km over the course of a year, and the rebate more than offsets the added expense.

“The amount that they’re paying in carbon tax, even if they have a vehicle, like a 5.6 litre that they only ever drive in the city…so it takes about 18 litres to drive about 100 km, they’re still ahead of the game.”

Short says it appears as though the opposition to the carbon tax is based on the assumption that the carbon tax caused inflation.

He says at the same time that Canada saw a surge in inflation, both the US and Australia saw similar surges, “it was a worldwide phenomenon.” He says “the analysis that’s been done, as reasons why the inflation surged during that period of time,” says Short, it came out that the impact of carbon tax on inflation was a “smidgen. It showed about .15 of 1 per cent of the total 6.8 per cent increase. But people are focused on it.”