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Small business carbon rebate will be taxed for now despite government promise

Small businesses will have to pay tax on their carbon rebate, as confirmed by the federal government, due to a lack of legislative action to exempt it from income taxes.
Dan Kelly, president of the Canadian Federation of Independent Business, called the situation a 'mess' regarding the tax uncertainty.
The government plans to make the rebate tax-free, but legislation is delayed due to a prorogued Parliament, leaving small businesses still burdened by taxes.
Kelly expressed concern over the potential disappearance of funds collected from carbon taxes if future governments change the policy.

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The Epoch Times

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thepatriotlight.com

Small Business Carbon Rebate Will Be Taxed for Now Despite Government Promise

The federal government has confirmed that small businesses will have to pay tax on their carbon rebate, despite government promises otherwise, because Parliament can’t currently pass legislation to make the payment exempt from income taxes. But if legislation passes to do that the government says the businesses can apply for a rebate for the taxes paid on their rebate. Dan Kelly, president and CEO of the Canadian Federation of Independent Busine…

3 days ago·New York, United States

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La Presse

In spite of the government's promise, the carbon rebate of SMEs will be imposed.

Small businesses will have to pay taxes on their carbon rebate, despite the federal government's promises, because Parliament cannot currently pass legislation to exempt the payment of income tax.

3 days ago·Montreal, Canada

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City News

+8 Reposted by 8 other sources

Small business carbon rebate will be taxed for now despite government promise

OTTAWA — The federal government has confirmed that small businesses will have to pay tax on their carbon rebate, despite government promises otherwise, because Parliament can’t currently pass legislation to make the payment exempt from income taxes. But if legislation passes to do that the government says the businesses can apply for a rebate for […]

3 days ago·Toronto, Canada

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chamblyexpress.ca

Remittance on the carbon of SMEs will be imposed, despite the government's promise

Small businesses will have to pay taxes on their carbon rebate, despite the federal government's promises, because Parliament cannot currently pass legislation to exempt the payment of income tax.

3 days ago·Saint-Georges, Canada

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