CRA to Tax Small Business Carbon Tax Rebate
A Message from CFIB
Toronto, February 10, 2025 – The Canada Revenue Agency (CRA) is proceeding with taxing the long-awaited small business carbon tax rebates despite repeated commitments from the Minister of Finance, the Canadian Federation of Independent Business (CFIB) has learned. (Read CFIB’s press release here.)
CFIB is calling for:
- Parliament to be immediately reconvened to pass legislation to make the carbon tax rebate for small business tax free.
- Government to drop the proposed 19% increase in the carbon tax planned for April 1 pending the Liberal leadership vote and the upcoming election.
- As long as the carbon tax is in place, the small business rebate formula should be returned to 9% of total revenue with broader access to unincorporated businesses.