Posted: Mar. 27, 2023 10:05AMAn electric vehicle is charged in Ottawa on Wednesday, July 13, 2022. Ottawa is expected to make big investments in clean energy and technology in the upcoming budget as it tries to keep competitive in the transition toward a greener economy.
Canada’s main competitor is the United States, which decided last summer to invest nearly US$400 billion over ten years in the Inflation Reduction Act. As part of Canada’s efforts to keep up, the government is expected to introduce new tax credits in the budget that would encourage the development of renewable energy sources such as wind and solar power.The Liberals have sought to signal that more help is on the way for vulnerable Canadians who are struggling with the cost of living.
The NDP has called on the federal government to extend the temporary boost to the GST rebate that was offered in the fall. When he was recently asked about the potential move, Prime Minister Justin Trudeau would not say if it was in the cards.Sign up for our newsletter to get breaking news and daily digests sent to your email.Following a U.S. decision to target hidden and unexpected consumer fees, the government intends to include its own crackdown on “junk fees” in the budget.
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