Canada Carbon Rebate for Small Businesses: What You Need to Know 

Announced in Budget 2024, the Canada Carbon Rebate for Small Businesses is a refundable tax credit to return a portion of federal fuel charge proceeds to eligible businesses – since 2019. In total, over 2.5B$ will be rebated for small businesses. 

• You do not need to apply for the rebate. Based on certain criteria, the rebate amounts will be automatically calculated and issued based on payment rates specified by the Minister of Finance for each designated province. 

• The calculation of the rebate is not yet known. The rebate amount for each designated province will be based on the number of employees in that province during the applicable calendar year, and this number will be multiplied by a payment rate set by the Minister of Finance. 

• The distribution of the rebate is not yet determined. We will keep you posted as soon as the Government shares more information.  

For more details about eligibility and updates, please visit this website.