Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault
OTTAWA — .
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. "We've come to discover over the last few months that it wasn't the case, in part because it the way it was labelled — or mislabelled, I should say — by most financial institutions."
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