Global Trade Alert
Global Trade Alert

Canada: Federal Budget 2023

Announcement

28 Mar 2023

In March 2023, the government of Canada promulgated the 2023 budget containing several trade-related interventions. 

Source

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Number of interventions

7

0 certainly harmful

7 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

No implementation date

Revocation date:

No revocation date

Tax or social insurance relief

On 28 March 2023, the government of Canada proposed to introduce a 15% Clean Electricity Investment Tax Credit. The proposal was tabled in the 2023 federal budget. Upon the tax credit's adoption, com...

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Financial grant

On 28 March 2023, the government of Canada proposed an investment of CAD 3 billion (USD 2.21 billion) over 13 years in the local clean electricity projects. The total budget includes government grants...

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State aid, unspecified

On 28 March 2023, the government of Canada proposed an investment of CAD 3 billion (USD 2.21 billion) over 13 years in the local clean electricity projects. The budget includes funding (in an unspecif...

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Tax or social insurance relief

On 28 March 2023, the government of Canada proposed to introduce a 30% Clean Technology Manufacturing Investment Tax Credit supporting producers of clean technologies. Specifically, the refundable ta...

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State loan

On 28 March 2023, the government of Canada proposed to provide an additional CAD 500 million (USD 368.75 million) in state loans to support the production of clean technologies. The funding is propose...

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State aid, unspecified

On 28 March 2023, the government of Canada proposed an investment of CAD 368.4 million (USD 271.69 million) over 3 years in the local forestry sector. The proposal was tabled in the 2023 federal budge...

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State aid, unspecified

On 28 March 2023, the government of Canada proposed the establishment of a CAD 333 million (USD 245.58 million) Dairy Innovation and Investment Fund (DIIF). If established, the Fund will provide suppo...

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