Thompson Local News

CFIB fights Federal Government over recent announcement to reduce rebate to small and medium buisnesses

Eight provinces and two territories now pay into the federal carbon pricing system, including Manitoba.

Since its inception, the federal government has taken in a total of $32-billion.   

Some of that money has come back to individuals in the form of a rebate cheque, but the Canadian Federation of Independent Business doesn’t feel small businesses are getting their fair share of the rebates.

SeoRhin Yoo, a Policy Analyst from the CFIB explains.

“The Federal Government promised that these carbon tax revenues would be redistributed to eligible individuals like you and me to offset the cost of living. They also promised that nine percent of the revenue will go to small and medium sized enterprises since SMEs pay into them as well.”

 
However, according to Yoo, many small Manitoba businesses are still owed around 3-thousand dollars each or approximately $144-million in total.  

And with the federal government announcing it is slashing the allocation for small businesses to 5 per cent from 9 per cent, Yeo said that means businesses will be short-changed by $3.4 billion in rebates.

For more updates on the Carbon Tax Rebates, catch Thompson Today at 12:40 and 5:10 this afternoon.

Visitor Poll

When are you most productive during the day?
Add a Comment
(Fields are Optional)

Your email address is never published.

Weather

"Your" Calendar

May

S M T W T F S
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31