Canada announces 2023 Federal Budget including refundable investment tax credits for renewables industry

Image: CanREAImage: CanREA
CanREA welcomes the announcement which is partly a response to the U.S. Inflation Reduction Act.

Official Press Release CanREA:

2023 Federal Budget ushers in new era for Canadian renewables

Wind Industry Profile of
2023 Federal Budget ushers in new era for Canadian renewables

CanREA welcomes refundable investment tax credits that will bolster the competitiveness of Canada’s renewable-energy industry.

Recognizing the need for a Canadian response to the Inflation Reduction Act passed last summer in the United States, the Canadian Renewable Energy Association (CanREA) advocated for refundable investment tax credits for renewable energy and green hydrogen investments. Today, CanREA is excited to see our recommendations strongly reflected in Budget 2023, presented by Federal Minister of Finance, the Honourable Chrystia Freeland. “The choice to pursue investment tax credits for clean technology, like wind, solar, storage and green hydrogen, will allow... ... More: Official Press Release CanREA

CanREA, Canada, Federal Budget, renewable energy, refundable, tax credit, response, Inflation Reduction Act, hydrogen, wind, solar, storage, green

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