Canadian Prime Minister Justin Trudeau is expected to deliver an announcement on Wednesday in Winnipeg on measures from the 2023 federal budget aimed at putting Canada on the path to a clean economy.

Spending commitments announced in the government's fiscal plan include tax credits for investments in clean electricity, clean-tech manufacturing and hydrogen that together are expected to cost some $55 billion through to the 2034-35 fiscal year.

Total tax incentives amount to $83 billion over that timeframe when the carbon capture and storage and clean-tech investments credits announced last year are factored in, both of which saw minor boosts this round.

Clean electricity is the biggest focus of the credits, costing $6.3 billion over the first four years starting in 2024, and $25.7 billion through to the 2034-35 year.

For more info, please go to https://globalnews.ca/news/9585087/canada-budget-2023-clean-tech-tax-credits/

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