The government unveiled a suite of tax credits mostly in the spring budget, giving companies investing in zero-emission electricity, clean technology and hydrogen projects a major tax incentive. The fiscal update also revealed that credits around hydrogen production and green electricity generation won’t see new legislation until 2024. The government has promised the tax credits will be retroactive. She said Canadians should know the tax credits are making the country competitive. “They clearly signal to industry and to workers that the investment tax credits, even if implementation has been delayed, that it’s still on track and legislation is forthcoming,” he said.

Source: National Post November 22, 2023 21:32 UTC