Enhance Canada's tax measures to generate and attract more clean technology investments.

What success looks like

The clean technology sector's contribution to Canada's Gross Domestic Product grows, creating more good-paying, middle class jobs and increasing the number of high-growth companies in Canada.

Government's narrative on progress

Budget 2016 changed Canadian tax rules to make certain electric vehicle charging stations and electrical energy storage equipment eligible for accelerated capital cost allowance treatment. Budget 2017 introduced further expansions of this tax treatment to geothermal projects and expenses. Budget 2018 extended the accelerated capital cost allowance for five years to property acquired before 2025. In the 2018 Fall Economic Statement, the government proposed that specified clean energy equipment be eligible for immediate expensing – i.e., that such equipment be eligible for a full tax write-off the year it is put in use in the business. The government will continue to work towards making Canada the world's most competitive tax jurisdiction for clean technology.

Note: this is the government's own description, not an independent assessment.