Federal government makes important progress on carbon tax rebates
By Canadian Contractor
October 1, 2024
The Canadian Federation of Independent Business (CFIB) supports the federal government’s changes that will reduce some cost pressures facing Canadian small business owners.
These changes follow many months of CFIB’s advocacy work and over 31,000 signed petitions from small business owners on these issues.
“CFIB is relieved to learn the federal government will return the $2.5 billion small business share of carbon tax revenue that has been stuck in Ottawa for the past five years,” said Dan Kelly, CFIB president.
“It’s good news that this money will be returned to small businesses by direct deposit or cheque before the end of the year. These are not trivial amounts of money. For example, a company with 10 employees in Alberta will receive nearly $6,000 in carbon tax rebates, a 25-person company in Saskatchewan will receive nearly $29,000, a 50-person business in Manitoba will receive $24,000 and a 100-person employer in Ontario will get $40,000.”
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