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On Tuesday, December 20, 2023, the Federal Government delivered an early Christmas gift for clean hydrogen and clean manufacturing related businesses (and tax practitioners) by...
On Tuesday, December 20, 2023, the Federal Government delivered an early Christmas gift for clean hydrogen and clean manufacturing related businesses and tax practitioners by releasing proposed legislation for the implementation of the clean hydrogen investment tax credit the Clean Hydrogen ITC and the clean manufacturing investment tax credit Clean Manufacturing ITC.
The Canadian government released its long-anticipated draft Clean Electricity Regulations Regulations on August 10, 2023,1 setting out its approach to mandating a net-zero emissions power grid by 2035. In this note, we offer our insight on this federal regulatory initiative that will have implications on the electricity industry across Canada and is certain to be controversial in some regions of Canada, setting the stage for jurisdictional challenges and regulatory uncertainty, all of which must be addressed in order to establish a strong basis on which to invest.