Chrystia Freeland Says Carbon Rebate for Small Businesses Will Be Tax-Free

Finance Minister Chrystia Freeland speaks to reporters after a meeting of the Cabinet Committee on Canada-U.S. Relations following the election of President-elect Donald Trump, on Parliament Hill on Nov. 8, 2024. The Canadian Press/Spencer Colby

Deputy Prime Minister and Finance Minister Chrystia Freeland says the Canada carbon rebate for small businesses will be tax-free.

In a statement posted to X late Tuesday, Freeland clarified the parameters of the program after an advocacy group for small business raised concerns that the rebate would be a taxable benefit.