The federal government recently confirmed that rebates issued under the Canada Carbon Rebate for Small Businesses will not be taxable for the years that the fuel charge was in effect (the levy was cancelled on April 1st, 2025). That includes payments received by corporations for the 2019-20 to 2023-24 fuel charge years, along with the […]
Ottawa has upheld its long-delayed carbon tax commitment to refund a portion of federal fuel charge proceeds to small to medium-sized businesses in provinces where the charge applies. The recently announced Canada Carbon Rebate for Small Businesses promises to return fuel charge proceeds from 2019-20 through 2023-24 to approximately 600,000 Canadian-controlled private corporations with between […]
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