Canadian government is amending laws to ensure banks properly label carbon rebates in deposits after years of generic terms leading to confusion for recipients.
Some banks have adopted the new label 'Canada Carbon Rebate' but others like RBC and Scotiabank are facing delays in updating to this standard.
Environment Minister Guilbeault highlights that the lack of clear identification for the carbon rebate has contributed to confusion around carbon pricing in Canada.
The government's struggle to explain carbon pricing and rebates since 2019 has been advantageous for the Conservative party.
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