The CFIB is bringing attention to billions in carbon tax rebates that have yet to be distributed back to small and medium-sized businesses across Canada by the federal government – Mar 11, 2024for Small Businesses, the plan involves more than $2.5 billion that has been collected through the federal fuel charge in provinces where Ottawa’s carbon price applies over the last five years.
“I think it’s going to be difficult to separate the impact of higher carbon taxes as they rise year after year after year with this kind of broader cost of living affordability crisis that we’re currently facing,” Fong told Global News. The Canadian Federation of Independent Business has long called for the money collected in the fuel charge to be given back to small businesses.
As part of the budget, a new amendment is being proposed to require banks to follow government naming conventions on direct deposits like the Canada Carbon Rebate. That would mean banks need to show the deposits arriving into consumers’ bank accounts under that name.As part of the suite of climate change-related measures in the budget, the government plans to implement the previously announced Clean Electricity Tax Credit, to the tune of $7.2 billion over the first five years of the program.