As part of the 2022 Fall Economic Statement, the federal government has announced an investment tax credit of up to 30% for companies investing in clean technologies, battery storage solutions, and clean hydrogen. In addition to the use of these technologies, companies that adhere to certain labour conditions will be eligible for the full 30% credit, while those that do not will only be eligible for 20%.
Specific details will be announced in Budget 2023. Click here for more information.
