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Here are more details about the delay with the carbon tax rebate.
The CFIB is voicing out its frustrations after the continuous delay with the carbon tax rebate. (Photo: Wealth Professional)
Delays With The Carbon Tax Rebate
The CFIB is raising concerns about over $2.5 billion in carbon tax rebate that have not been distributed to small and medium-sized businesses in Canada. In Saskatchewan, an amount of over $300 million of the said carbon tax rebate is owed.
The CFIB demands that the government immediately return these funds from the carbon tax rebate through a one-time payment and avoid cutting promised rebates from nine percent to five percent.
This delay in the carbon tax rebate is causing businesses around the country to miss out on potential future rebates and hindering their ability to achieve carbon-neutral goals.
The Saskatchewan Chamber of Commerce is also advocating for the return of these funds to the carbon tax rebate. They also stated that businesses, small and medium-sized, need the money to invest in new technology and infrastructure to reach net zero emissions.
According to a published article by SmartNews, the Ministry of Environment has also stated that they are preparing to distribute the carbon tax rebate, but the CFIB and Chamber are pushing for a wider scope of small to medium businesses to receive the carbon tax rebate.
Equal Dispersal Of The Carbon Tax Rebate
In a published article by Yahoo News, the CFIB is calling for equal dispersal of funds to all SMEs, similar to the consumer carbon rebate, resulting in one-time rebates ranging from $630 to nearly $7,000 depending on the province.
CFIB President Dan Kelly stated that it is unfair for Ottawa to still be holding onto this money five years into the program, and emphasized the urgent need for small business owners to receive their promised carbon tax revenues.
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