Small businesses will get 5 years’ worth of carbon price rebates in December – National
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.
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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.
© 2024 The Canadian Press
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