Wednesday, March 27, 2019

CARBON TAX HAS LEFT BUSINESSES ON EDGE

Dan Kelly, president of the Canadian Federation of Independent Business said "small firms are still very freaked out" by the coming carbon price, with a lot of unanswered questions about how it will work, who might get an exemption and what documents will be required to prove payment or exemptions. Operators are also wondering who is required to register with the Canada Revenue Agency to collect or apply the charge, and for whom registration is optional.

"There is a dearth of information out there about how this is going to work," he said. "There's a whole bunch of technical questions and we've gone to the feds with these questions and they've come up short in terms of answers. Yet we're a week away from the tax being in place."

Kelly said businesses expect to shoulder the weight of about 50 per cent of the burden of the carbon price, but are only getting seven per cent of the rebates — an imbalance he called "grossly inadequate."

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