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Small businesses to receive five years' worth of carbon rebates in December
BY The Canadian Press, Oct 1, 2024 6:27 PM - REPORT AN ERROR
The Finance Department says the federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December.(Photo: The Canadian Press)
Finance Minister Chrystia Freeland says owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year.
The Finance Department says the federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December.
The payments will return a portion of the carbon price revenue from 2019-20 through 2023-24 to small businesses in jurisdictions where the federal fuel charge applies.
The amount received by a business will depend on the province it operates in and the number of workers it employs.
The federal government has also announced the final list of Chinese-made aluminum and steel products that will be subject to a 25 per cent tariff, which will come into effect on Oct. 22.
The 100 per cent tariff announced last month on Chinese-made electric vehicles came into effect today.
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