Overview of Canada’s Green Economy Tax Incentives

The federal Canadian government has announced numerous tax incentives over the past several years that are targeted towards supporting Canada’s transition to a green economy and meeting its net-zero goals. The tax incentives include investment tax credits (“ITCs”), temporary reduction in corporate tax rates, and expanding its flow-through share regime. This article provides an overview of the ITCs that have been announced to date, including their key features and current status. The discussion in this article of the Clean Hydrogen (“CH”) ITC and Clean Technology Manufacturing (“CTM”) ITC is based on the announcements and draft legislation released by the government ...