Business and renewable energy sector advocates are pushing for the federal government to move quickly to finalize and implement long-awaited net-zero investment tax credits, although some would like to see broader eligibility criteria to help ensure more groups can benefit. Businesses and organizations across Canada are eagerly awaiting the introduction of six investment tax credits proposed by the Liberal government which are intended to grow Canada’s clean economy.
As an example, Detchou pointed to the mining sector, adding that the federal government has made “a huge bet” for Cannada to be a desirable location for electric vehicle production and EV battery production. “In order for us to meet the domestic supply of critical minerals required … will need to open mines at a rate that we have never seen before in Canada. Between 2005 and now we will only have opened four or five new critical mineral mines in Canada.