The Government of Canada has recently announced that they will include clean investment tax credits as in Budget 2023 to build Canada’s clean economy.

The federal Minister of Immigration, Citizenship and Refugees, Sean Fraser, was at Ionic Mechatronics in Lively, Ontario on April 4, 2023, to discuss some of the clean and green highlights of the 2023 federal budget. Minister Fraser was joined by Marc G. Serré, Member of Parliament for Nickel Belt, and Viviane Lapointe, Member of Parliament for Sudbury.

Budget 2023 includes major investments that ensures Canada’s clean economy can deliver prosperity, middle-class jobs, and more vibrant communities across the country.

The commitments discussed by the feds are focused on three tiers:

– investment tax credits with provisions to ensure workers see the benefits;

– low-cost strategic financing; and

– targeted investments to respond to the unique needs of sectors or projects of national economic significance.

Minister Fraser says, “Our government is committed to ensuring Canada’s economy remains competitive and sustainable for generations to come. Our focus on clean electricity, global supply chains and investment tax credits will attract new investment, create well-paying jobs, and help build Canada’s clean economy. With these investments in Budget 2023, we will become a reliable supplier of goods and resources that a net-zero world needs in Ontario and across Canada.”

Source: Canada.ca