Global Trade Alert
Global Trade Alert

Canada: Announcement of CAD 3.8 billion Critical Minerals Strategy

Announcement

07 Apr 2022

In April 2022, the government of Canada announced the proposed investment of CAD 3.8 (around USD 3 billion) in the Critical Minerals Strategy in the annual budget. 

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Number of interventions

5

0 certainly harmful

5 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 07 Apr 2022
State aid, nes
On 7 April 2022, the government of Canada announced its intention to allocate CAD 79.2 million (USD 62.6 million) over 5 years on a cash basis to support the critical mineral exploration and developme...
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Announced: 07 Apr 2022
State aid, unspecified
On 7 April 2022, the government of Canada announced its intention to allocate CAD 1 billion (approximately USD 710 million) over 6 years to the Strategic Innovation Fund. Through the Fund, the governm...
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Announced: 07 Apr 2022
State aid, nes
On 7 April 2022, the government of Canada announced its intention to allocate CAD 144.4 million (USD 114.07 million) over 5 years to support the research, development, and application of the technolog...
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Announced: 07 Apr 2022
Tax or social insurance relief
On 7 April 2022, the government of Canada announced its intention to introduce a 30 per cent Critical Mineral Exploration Tax Credit. If adopted, the tax credit will apply to specified mineral explora...
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Announced: 07 Apr 2022
State aid, nes
On 7 April 2022, the government of Canada announced its intention to allocate CAD 1.5 billion (USD 1.422 billion) over 7 years to assist critical minerals mining projects. In particular, the proposed ...
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