A promised carbon rebate will be delivered to small and mid-sized Canadian businesses before year-end, provided they filed their 2023 tax return by July 15, 2024.

Surcharges will apply to 22 different fuel types, but most consumer expenditure is expected to go to gasoline and natural gas price add-ons.

The Ontario Energy Board must provide direction before the levy can be removed from natural gas bills.

Canadian provinces and territories have been given a 2018 deadline to either invoke some form of carbon pricing or accept a federally imposed model.

Commercial and multi-residential real estate owners will catch a significant share of the fallout from Ontario's pending cap-and-trade system, but a projected natural gas price increase in the range of $0.84 to $1.05 per gigajoule is lower than carbon tax rates in British Columbia or Alberta.