Skip to content

Banks must label carbon tax rebate as such when it hits Canadian accounts

Ottawa to force banks to call carbon rebate a carbon rebate in direct deposits
web1_20230503170528-6452d24e67ba7ee6f16a8c3ejpeg
The provincial government has started to sent out the first quarterly payment of the newly expanded climate action tax credit designed to offset the carbon tax.(THE CANADIAN PRESS/Graham Hughes)

Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault.

Guilbeault is taking the stand after Tuesday’s federal budget promised to amend the Financial Administration Act so government payments accepted for deposit at Canadian banks will carry whatever title the government wants.

Support local journalism today

Join thousands of other like-minded readers and sign up below to gain immediate & unlimited access to our news for the next 30 days – plus start receiving our newsletters.

Sign Up with google Sign Up with facebook

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Reset your password

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

A link has been emailed to you - check your inbox.



Don't have an account? Click here to sign up