Small, medium-size businesses to receive carbon rebates in December

Politics

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.

Rebate to be issued before end of the year, government says

Chrystia Freeland sits at a table wearing a black suit jacket, behind her stand several Canadian flags.
Chrystia Freeland announced on Tuesday the government is issuing carbon pricing refunds to small and medium-sized businesses before the end of this year. (The Canadian Press/Spencer Colby)

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 Department of Finance 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 also has 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.

ABOUT THE AUTHOR

Nojoud Al Mallees covers economics for The Canadian Press. She’s based in Ottawa.

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