Canada to refund $2.5B in carbon pricing to small businesses, reduce credit card transaction fees.

Canada's Finance Minister Chrystia Freeland announced that small and medium-sized businesses will receive over $2.5 billion in carbon pricing refunds in December. Approximately 600,000 businesses will benefit, with amounts varying by province and employee count. Additionally, starting October 19, credit card transaction fees for small businesses will be reduced, saving them around $1 billion over five years. The Canadian Federation of Independent Business urged the government to abolish the carbon levy.

October 01, 2024
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