Finance Minister Chrystia Freeland responds to a question from the opposition during Question Period, in Ottawa, Tuesday, Sept. 24, 2024. THE CANADIAN PRESS/Adrian Wyld
OTTAWA – Finance Minister Chrystia Freeland says owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year.
The Finance Department says the federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December.
The payments will return a portion of the carbon price revenue from 2019-20 through 2023-24 to small businesses in jurisdictions where the federal fuel charge applies.
The amount received by a business will depend on the province it operates in and the number of workers it employs.
The federal government has also announced the final list of Chinese-made aluminum and steel products that will be subject to a 25 per cent tariff, which will come into effect on Oct. 22.
The 100 per cent tariff announced last month on Chinese-made electric vehicles came into effect today.
This report by The Canadian Press was first published Oct. 1, 2024.
