Enabling the CRA to Deliver the Canada Carbon Rebate for Small Businesses

The Canada Carbon Rebate for Small Businesses is a tax-free payment that will return $2.5 billion in proceeds from the price on pollution, for fuel charge years 2019-20 to 2023-24, to small- and medium-sized businesses through an automated process. To enable the Canada Revenue Agency to deliver these payments by the end of 2024, pursuant to subsection 127.421(2) of the Income Tax Act, the date specified by the Minister of Finance is October 1, 2024.