Policy Resolution – Returning Carbon Tax Proceeds to SMEsOctober 20, 2022
Canada has a minimum price for carbon emission. In provinces without their own pricing system a federally imposed and administrated carbon tax is collected. However, the approx. 10% of proceeds that the federal government committed to return to SMEs and the M.U.S.H sector133 under this system have not been returned beyond fiscal 2019-20. Impacted businesses have lost the ability to utilize these resources for emission reduction actions that could have spared them an ongoing, escalating tax burden while also experiencing inflation on the costs of such projects because of inexplicable government delay. The government needs to be accountable for its commitments regarding the collection and distribution of this tax.
Read more about the Returning Carbon Tax Proceeds to SMEs policy resolution here.