MP Patty Hadju at a May 2024 announcement in Thunder Bay - (CJ Goater/Acadia Broadcasting)

October is National Small Business Month, and small business owners have an automatic payment to look forward to.

The federal government has announced the payment amounts for the Canada Carbon Rebate for Small Businesses.

The rebate is a refundable tax credit and it will return a portion of the fuel charge proceeds from 2019-20 through 2023-24 to small businesses.

Businesses did not have to apply for this rebate.

“Small businesses make up our farmers markets, they are where we find gifts for loved ones and where we pick up coffee on the way to work,” said the MP for Thunder Bay-Superior North, Patty Hadju. “Employing nearly two-thirds of all Canadian workers, they are the backbone of our country and our communities. That’s why we are making it cost less for them to start up, grow and thrive.”

The Canada Revenue Agency will determine and automatically issue the rebate amounts to eligible businesses.

In Ontario, the Canada Carbon Rebate for Small Businesses will deliver $401 per employee up to a maximum of 499 employees.

Eligible businesses that filed their 2023 tax return by July 15, will receive their payment by December 16 if they are registered for direct deposit, or December 31, if receiving payment by cheque.