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The 2021 federal budget proposed an investment tax credit for businesses that incur eligible expenditures related to carbon capture, utilization, and storage (CCUS) as part of the federal government’s overall plan to achieve net-zero emissions by 2050.
17 May 2022
On 28 April 2022, Bill C-19, Budget Implementation Act, 2022, No. 1, received first reading in the House of Commons. Bill C-19 implements the measures contained in the detailed Notice of Ways and Means Motion that was tabled on 26 April 2022 and contains certain tax measures announced in the 2022 federal budget and the 2021 federal budget, as well as various other measures.
16 May 2022
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