Ottawa to Make Carbon Rebates for Small Businesses Non-Taxable

Date:

Ottawa to Make Carbon Rebates for Small Businesses Non-Taxable

Finance Minister François-Philippe Champagne speaks to the media prior to the G7 Finance Ministers meeting in Banff, Alta., on May 20, 2025. The Canadian Press/Jeff McIntosh

The federal government has issued draft legislation ensuring all Canada Carbon Rebates for small businesses are given tax-free, meeting a promise previously given by the former finance minister.

Finance Minister François-Philippe Champagne introduced draft legislation on June 30 that would ensure payments received by corporations related to the fuel charge from 2019 to 2023 would not be included in income for tax purposes.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Michael Zwaagstra: Ford Government Should Get Serious About Education Reform

CommentaryWhile the summer is in full swing and most...

Week in Photos: Mount Etna Eruption, Mass Border Crossing, and Presidential Inauguration

|July 31, 2026Updated:July 31, 2026Firefighters of Paris Fire Brigade...

White House Says Iran Will Continue to Pay Amid Reports of New US Strikes

The White House warned Iran on Friday afternoon of...

Magnitude 4.7 Quake Strikes Near Italys Naples, Causing Outages and Damage

Emergency workers assist a resident as people prepare to...