News Formal

Business advocacy group says Ottawa shouldn't tax carbon rebates

  • 📰 SooToday
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 85%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

OTTAWA — A small business advocacy group is re-upping calls to eliminate the carbon tax, after it says members learned the Canada carbon rebate for small businesses is a taxable benefit.

In a letter to Finance Minister Chrystia Freeland last week, the Canadian Federation of Independent Business says it's unfair to Canada's small firms.

The federation's president and CEO, Dan Kelly, says the decision to tax the rebates is"deeply offensive to small businesses."In a press release Tuesday, CFIB also says the Canada Revenue Agency previously issued an interpretation that the benefit would not be taxable, but the Finance Department had a different interpretation.

The Canadian Press contacted both the CRA and Freeland's office for comment on Monday, but did not receive a response due to the Remembrance Day statutory holiday.

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:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TikTok must end business in Canada but app will stay available, Ottawa saysThe order comes after a lengthy national security review by the federal government into concerns over the popular social media app and its Chinese owner ByteDance.
Source: GlobalCalgary - 🏆 50. / 61 Read more »