Carbon rebate for small businesses will be tax-free: Freeland
Global News
Freeland clarified the parameters of the program after an advocacy group for small business raised concerns that the rebate would be a taxable benefit.
Deputy Prime Minister and Finance Minister Chrystia Freeland says the Canada carbon rebate for small businesses will be tax-free.
In a statement posted to X late Tuesday, Freeland clarified the parameters of the program after an advocacy group for small business raised concerns that the rebate would be a taxable benefit.
https://twitter.com/cafreeland/status/1856506100217954750
Dan Kelly, president and CEO of the Canadian Federation of Independent Business, posted on X soon after that post that he had received a call from Freeland, who offered “assurance” that the rebate would be tax-free.
In a letter to Freeland Nov. 6, the CFIB said it had initially been told by the Canada Revenue Agency the rebate would be tax-free, but was subsequently told by the Finance Department that the rebate was actually taxable.
The Canadian Press contacted both the CRA and Freeland’s office for clarity and comment Monday and Tuesday. The CRA said it would have information available mid-week.
Freeland’s office did not respond to requests Monday or Tuesday until a spokesperson sent a link to the minister’s social media post just after it was posted Tuesday night.
In his letter to Freeland last week, Kelly said the rebate is for taxes paid by small firms, not a “gift” to small firms from general revenue.
Though it may seem like a sheen of Swift is coating the city of Toronto, only some of the hoopla can really be counted as 'Taylor's Version.'
Catch the fourth and final supermoon of the year, the beaver moon, this Friday as it lights up the night sky, marking 2024's celestial finale.
Two newly elected BC Green MLAs will officially take their seats in the legislature following the first of three swearing-in ceremonies after last month's provincial election.
Winnipeg organizations like Wahbung Abinoonjiiag and Main Street Project are stepping up to help, but people who help others need support too.
A flyer shared with Regina residents ahead of the municipal election is sparking debate on endorsements, as some candidates feel they’ve been misrepresented in what they stand for.
The Southern Chiefs Organization, Business Council of Manitoba, and provincial government, are setting aside $450,000 to help Indigenous students become health care professionals.
An Ontario Doctor who was arrested for squirting ketchup on an MP's office is having his charges dropped, according to his lawyer.
Droits collectifs Québec says the registrar's decision to remove the rulings doesn't resolve the issues it raised, so it will continue to seek a Federal Court ruling.
Horgan has been in the hospital for much of the past five months after being diagnosed with thyroid cancer in June. He was serving as Canada’s ambassador to Germany.
New Brunswick's premier says her newly elected Liberal government will draft a carbon pricing plan that will be submitted for Ottawa's approval.
Ontario Premier Doug Ford said Mexico "shouldn't have a seat at the table" in upcoming North American free trade talks if it doesn't match tariffs on Chinese imports.