The government is also providing an extra GST credit for low-income Canadians, at a cost of $2.5 billion, to help with the rising cost of groceries, as inflation continues to surge.
The tax credits are Canada’s answer to the U.S. inflation reduction act, a legislative suite of proposals that the government had feared would suck in almost all new investment in green projects for initiatives like nuclear and hydrogen. Freeland said even with that additional spending, Canada still has a lower debt to GDP ratio than any other G7 nation.
The tax credits for non-emitting sources can include both new and refurbishment projects for power plants, as well as for any power lines to connect provinces. The credits can also be claimed by provincially owned utilities such as Hydro Quebec, which are typically excluded from credit programs.Article content
Green hydrogen made from renewable energy sources and emitting near zero emissions will qualify for the highest credit, while blue hydrogen, made from natural gas, will qualify for the lower credits. Companies will also get higher tax credits if they pay prevailing wages and use union labour.
RyanTumilty I see Freeland had a few blank pages in her budget to fill in with trivia: WOW new 'Right to Repair'. Since when did the F***en government ever have to tell people that they can repair their 'own possessions' instead of throwing them in the garbage. Waste not what not fools!!
RyanTumilty Liberal government or NDP, Canada will never have a balanced budget again. They are spending like drunken fools at a bar. Our grandchildren and great-grandchildren will be paying for their incompetence and corrupt pork belly. It's our money$$ wake up🇨🇦 they don't give a shit 🚽
I left Canada, where I was born. It’s just in such a bad state right now and this government has ensured that will be the case for decades.
Seriously it’s time for change LiberalsMustGo TrudeauDestroyingCanada WEFpuppets
She's probably oblivious to the irony that she and her colleagues have gone to great lengths to push businesses out of Canada. Good luck getting that green grid built when no one trusts this government to approve big projects
What the hell does this bunch know According to how things are going.. nothing!
Government preventing deindustrialisation is oxymoronic.
Martyupnorth_2 HUH ?
Deindustrialization and poverty will be the result.
Martyupnorth_2 They were trying to balance the budget up until now
Wow! Thanks National Post no sign of ever balancing books and Canada in worst shape of G7 countries! Budget looks to be a failure and long term problem for Canada! Pierre's comments timely and good! Certainly separating fiction from fact still a big problem!
Our government at work.
acoyne No increase to the CDIC limits!!!
The lied again. Lying Liberals.
Budgets going to balance its self, isn't that what our supreme leader said? It's not even in place and they are already $50 billion overspent. 🤦🏼♀️
does she have any idea what shes talking about?! NO! and no more than truedope!
That happened when Liberals exported jobs to China. They never stand up for working people. They are all political elites, they think working people are peasants.
Printing money again? They don't learn. They are bad with money.
The deficits will be bigger when we enter the recession 🙃
When is she getting fired by the people for goodness sake
'The government doesn't have any money. The only power it has is to take from some and give to others.' Milton Friedman
Fucking insanity
And not inflationary in the least?