Canada small businesses to get 5 years worth of rebates [Video]

Owners of small and medium-sized businesses will finally receive their long-awaited carbon pricing refunds before the end of this year, Finance Minister Chrystia Freeland announced on Tuesday.

The Finance Department says the federal government will send more than $2.5 billion to about 600,000 Canadian businesses in December.

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The payments will return a portion of the carbon price revenue from 2019-20 through 2023-24 to small businesses in jurisdictions where the federal fuel charge applies.

The amount received by a business will depend on the province it operates in and the number of workers it employs. 

For example, a business in Ontario with 10 employees can expect to receive $4,010, while a business in Saskatchewan with 499 employees will receive $576,844. 

“So these are real, significant sums of money. They’re going to make a big difference to …