Government has returned only 0.17% of the carbon tax to small businesses!
2019—2024 | 2024—2025 | |
---|---|---|
Carbon tax revenue | $32 BILLION | $13 BILLION |
Promised rebate for SMEs | $2.5 BILLION | $623 MILLION |
To be returned to businesses each year | 9% | 5% |
Amount delivered to businesses to date | ALMOST ZERO | ?? |
Budget 2024 proposes to urgently return fuel charge proceeds from 2019-20 through 2023-24 to an estimated 600,000 businesses, with 499 or fewer employees through a new refundable tax credit. This would deliver over $2.5 billion directly to Canada’s small- and medium-sized businesses.
— Quote from the Federal Budget 2024
Thanks to CFIB, the government finally took the hint. BUT THE FIGHT IS NOT OVER! The carbon tax will add 37 CENTS PER LITRE OF GAS BY 2030!
CC: My Member of Parliament
Minister, your carbon tax is failing us.
Your government has collected billions from small businesses and it’s taken 5 years to rebate even a fraction of that amount back to us. Before you’ve returned a penny, you’re further cutting the rebate amount in half and there’s no end in sight to carbon tax increases.
Sky high costs continue to crush my business and I can’t keep raising prices on my customers!
83% of small businesses owners agree that the carbon tax is broken. It has to go!
I am asking you to:
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 97,000 members across every industry and region. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings.