Finance Minister Chrystia Freeland said small business owners will finally receive their long-awaited carbon price rebates by the end of this year.
Rebates to be issued by year-end, government says
Finance Minister Chrystia Freeland said small business owners will finally receive their long-awaited carbon price rebates by the end of this year.
The federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December, the Treasury Department announced.
The payments will return a portion of carbon price revenues from 2019-20 to 2023-24 to small businesses in jurisdictions subject to the federal fuel tax.
Energy and Natural Resources Minister Jonathan Wilkinson says Conservative Leader Pierre Poièvre is “not telling the truth” about Canada’s climate policy. Lawmakers began debating a no-confidence motion against Poièvre in the House of Commons on Tuesday morning.
The amount a company receives depends on the state in which it operates and the number of workers it employs.
The federal government also announced a final list of Chinese-made aluminum and steel products that will be subject to a 25% tariff, effective October 22nd.
The 100% tariff on Chinese-made electric vehicles announced last month went into effect today.
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