Canada's government plans to legislate banks to correctly label carbon rebates in direct deposits.

Canada's government plans to force banks to label carbon rebates as such in direct deposits due to banks not doing so, causing confusion for recipients. Environment Minister Steven Guilbeault has said that banks have not been identifying carbon rebate deposits for years, leading to the need for legislative change to the Financial Administration Act. This move aims to ensure the government can name payments deposited at Canadian banks.