Small, medium-size businesses to receive carbon rebates in December
Rebate to be issued before end of the year, government says
Finance Minister Chrystia Freeland has announced that owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds by the end of this year.
According to the Department of Finance, the federal government plans to distribute over $2.5 billion to approximately 600,000 Canadian businesses in December.
These payments will return a portion of the carbon price revenue collected from 2019-20 to 2023-24 to small businesses in regions where the federal fuel charge is applicable. The refund amount will vary based on the province in which a business operates and its number of employees.
Additionally, the federal government has released the final list of Chinese-made aluminum and steel products that will incur a 25 percent tariff, set to take effect on October 22. The previously announced 100 percent tariff on Chinese-made electric vehicles was implemented today.
