The price of gas at the pump will increase by at least 37.57 cents a litre as a result. 

Prime Minister Justin Trudeau today released the government's strategy to dramatically reduce greenhouse gas emissions by 2030 — and its centrepiece is a gradual hike in the federal carbon tax on fuels to $170 a tonne by that year.

Under the new plan, that price will continue to rise by $15 each year starting in 2023 until it hits $170 per tonne in 2030

The current price on carbon translates to Canadians paying roughly an extra 2.3 cents per litre of gasoline, which is set to rise to an extra 12 cents per litre under the $50 per tonne pricing in 2022.That means Canadians can expect to pay roughly an extra 39.6 cents per litre of gasoline by 2030.