Canada: Consultation on clean economy incentives
A consultation on Canada's clean economy to develop specific design details of new investment tax credits
Consultation on clean economy incentives
The Department of Finance launched a consultation on Canada's clean economy to develop specific design details of new investment tax credits intended to encourage investment in clean energy.
In particular, Finance is asking for stakeholder feedback on the new Clean Electricity Investment Tax Credit and the Clean Technology Manufacturing Investment Tax Credit, which were announced in the 2023 federal budget.
In addition, Finances says it will accept comments on the previously announced Clean Technology Investment Tax Credit, the Clean Hydrogen Investment Tax Credit, and proposed enhancements to the Investment Tax Credit for Carbon Capture, Utilization and Storage (CCUS).
Although this public consultation was announced as part of a series of consultations on recent federal budget measures, Finance did not release a specific consultation paper on these incentives. It also appears that Finance has not yet announced a closing date for this consultation.
Read a June 2023 report prepared by the KPMG member firm in Canada
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