Ottawa says small-business carbon rebates reduced in 2024, but past $2.5-billion promise will be fulfilled

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Government announced changes to the national carbon levy by reducing the amount earmarked for small businesses, but will not touch funding already allocated

The federal government says it still plans to give out $2.5-billion in long-promised carbon-price rebates to small and medium-sized businesses, after suggesting last week that some of those funds would be moved to other programs.

Instead, funding for small businesses would only be reduced starting April 1, 2024, which is when the increase to the rural top-up kicks in, said Katherine Cuplinskas, spokesperson forfor the increased costs they bear through the federal carbon price. But little of that funding has so far been spent: An early rebate program failed to deliver much money to businesses, and a redesigned program has not yet launched.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines