Freeland unveils tax credits of 30-40% for investment in clean technology and hydrogen

Under clean technology, it proposed a tax credit of up to 30 per cent of capital costs for investments made in electricity generation systems, such as small modular nuclear reactors and systems that depend on wind, water and solar, in storage such as batteries, in low-carbon heat equipment and in industrial zero-emission vehicles used in mining or construction.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.

“With major investment tax credits for clean technology and clean hydrogen, we will make it more attractive for businesses to invest in Canada to produce the energy that will power a net-zero global economy,” Deputy Prime Minister Chrystia Freeland said in a prepared statement. The bill, which passed the U.S. House of Representatives in August, has little to do with inflation but will result in dramatic changes to the American economy in service of the country’s climate goals through a mix of tax incentives, grants and loan guarantees aimed at boosting clean energy and clean transportation.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Three Chinese companies ordered to divest as Ottawa moves to protect critical mineral industryCanada and its allies are desperately trying to upend China\u0027s dominance in the field and create a more stable and reliable supply chain Finally. TrudeauIsDestroyingCanada fchina
La source: nationalpost - 🏆 10. / 80 Lire la suite »

Ottawa orders Chinese companies to exit three Canadian lithium minersOttawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on. For any kind of information Why? Because they can take it with them? Thank you PierrePoilievre
La source: nationalpost - 🏆 10. / 80 Lire la suite »