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.
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Freeland’s office did …