The federal government recently announced new refundable investment tax credits to support the growth and development of Canada’s clean energy and hydrogen industries. This is a significant incentive for businesses in these sectors.
While the announcement set out some of the key parameters for the credits, the final design and details will not be released until the 2023 budget after a consultation process with stakeholders.
On Tuesday, November 29, 2022 Osler’s tax and energy groups hosted an important 60 minute webinar to discuss what interested stakeholders should consider when evaluating these credits, including:
- Expectations with respect to the design of these credits (including, eligibility requirements, scope and availability)
- Issues to address in the consultation process
- How the proposed credits compare to similar US incentives