Ottawa to force banks to use carbon rebate label for direct deposits

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Minister of Environment and Climate Change Steven Guilbeault leaves caucus on Parliament Hill in Ottawa on Wednesday, March 20, 2024.

Environment Minister Steven Guilbeault's department has been battling with banks for almost two years over how carbon rebates are labelled when they are deposited directly into bank accounts.Environment Minister Steven Guilbeault leaves caucus on Parliament Hill in Ottawa on Wednesday, March 20, 2024.

His department has been battling with banks for almost two years over how carbon rebates are labelled when they are deposited directly into bank accounts. TD and BMO have adopted the government's requested "CdaCarbonRebate" entry, which fits the 15-character limit imposed by some banks. "I think we took it for granted that since people were receiving it, people knew they were receiving it," he said.

That has helped the Conservatives, fastidiously opposed to carbon pricing, in their unrelenting efforts to kill it once and for all.

 

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