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Canada: Clean Technology and Carbon Capture, Utilisation and Storage tax credits enter into force

Description

On 20 June 2024, the Carbon Capture, Utilization, and Storage (CCUS) Investment Tax Credit (ITC) entered into force with the Royal Assent of Bill C-59. As part of the new programme, a tax credit will ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2022

Revocation date

31 Dec 2040

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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