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Government of Canada Releases Proposed Legislation for Clean Hydrogen ITC and Clean Manufacturing ITC

On Tuesday, December 20, 2023, the Federal Government delivered an early Christmas gift for clean hydrogen and clean manufacturing related businesses and tax practitioners by releasing proposed legislation for the implementation of the clean hydrogen investment tax credit the Clean Hydrogen ITC and the clean manufacturing investment tax credit Clean Manufacturing ITC. ....

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Federal Government Releases Legislative Proposals for Clean Technology Investment Tax Credit

On August 4, 2023, the Federal Government released proposed legislation for the Clean Technology Investment Tax Credit Clean Tech ITC, as proposed by the 2022 Fall Economic Statement the 2022 FES and as modified by Budget 2023. The proposed legislation largely conforms to what was previously announced, as we previously discussed following the original announcement of the Clean Tech ITC in the 2022 FES. ....

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Canada Using the Carrot Instead of the Stick to Decarbonize in Budget 2023

The Government of Canada continued their drive to decarbonize the economy through the use of the carrot rather than the stick in Budget 2023 by announcing two new Investment Tax Credits 1 A Clean Electricity Investment Tax Credit, and 2 A Clean Technology Manufacturing Tax Credit. ....

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