06/27/2024
Canada Carbon Rebate for Small Businesses was recently approved. Canadian Controlled Private Corporations (CCPCs) with at least one employee will receive credits for 5 years starting from 2020 in Alberta. Corporations do not need to apply; eligibility will be determined by the Canada Revenue Agency (CRA). The values of the refunds are currently unknown and will be determined by the Alberta Government in the near future.
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The Canada Carbon Rebate for Small Businesses is a refundable tax credit announced in Budget 2024 to return a portion of federal fuel charge proceeds directly to eligible Canadian-controlled private corporations (CCPCs).