New Tax Rebate 2024. Canadians receiving first carbon tax rebate of 2024, here's when. 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.
Canadians in select provinces will receive the first rebate of the year from the federal government’s carbon pricing rebate. Section 115bac of the income tax act, introduced in the union budget 2020, offers a new tax regime with lower tax rates and reduced deductions.