Canadians are getting back more than what they pay in carbon pricing, but are paying the price in other ways, according to a new report from the Parliamentary Budget Officer. The federal government’s carbon pricing program makes fossil fuels, like gas, more expensive, in an effort to nudge people to reduce their carbon footprint. But as businesses pay more for energy, they might cut back on hiring or investing in new projects, which can result in fewer jobs and lower incomes overall. So, even though the majority of households in Canada are getting more back in quarterly rebates that offset carbon pricing, the negative effects on jobs and businesses are expected to hurt the economy as a whole, according to the report. It also predicts that carbon pricing could lower Canada’s overall economic output, also known as our gross domestic product (GDP), by 0.7% by 2030, and increase the federal budget deficit by $1.5 billion in 2024. When the country’s GDP slips, it’s a sign that our quality of life is declining.