Canadian small businesses face taxes on carbon rebates, contradicting government promises, CFIB says.

Small businesses in Canada are still being taxed on their carbon tax rebates, despite a promise from former Finance Minister Chrystia Freeland that they would be tax-free. The Canada Revenue Agency (CRA) considers the rebate as taxable assistance from the government. The Canadian Federation of Independent Business (CFIB) is calling for Parliament to pass legislation to make the rebate tax-free and to freeze a 19% increase in the carbon tax scheduled for April 1.

6 weeks ago
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