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TIER Approved — Alberta Facilities Should Register with CRA Now

Alberta Facilities Should Register with CRA Now

Many businesses will have to act quickly to meet new fuel charge obligations, now that Alberta’s TIER has been approved.

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Many businesses will have to act quickly to meet new fuel charge obligations, now that Alberta’s Technology Innovation and Emissions Reduction (TIER) has been approved. Canada announced on December 6, 2019 that the TIER regulations meet the federal government’s requirements for carbon pollution pricing, and will therefore replace the Output-Based Pricing System (OBPS) component of the federal carbon pollution pricing backstop.

Download this edition of the TaxNewsFlash to learn more.

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