Tax Measures | Buy Clean | Climate tech and innovation strategy |
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What is the Zero Emission Technology Manufacturing tax credit?
A tax measure that offers a 50% reduction in the corporate income tax rate to companies producing certain clean technologies in Canada
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What is embodied carbon?
What is the term for the life-cycle greenhouse gas emissions (not include the use stage) associated with the manufacturing of materials and products?
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Who are NRCan, ISED and ECCC?
These 3 government departments are leading on the Climate Tech Strategy
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What is Canadian Renewable and Conservation Expense [also will accept "flow through shares"]?
Through this tax measure, certain clean tech companies can raise capital from investors by allowing them to deduct eligible company expenses from their income
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What is the Buy Clean strategy?
The name for the plan to use government funding / procurement / investments to drive innovation in clean tech
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What is Canada's Emissions Reduction Plan?
This Government of Canada document provides the basis for the Climate Tech Strategy
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What is high efficiency fossil-fuelled cogeneration equipment?
This clean technology will no longer be eligible for federal tax incentives beginning in 2025?
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What is the Buy Clean strategy?
A PACD project that was going to be in B2023 but now it is not, and that has an MC that was going to go in the fall, then the winter and is now planned for the spring but might go in the fall... [yikes!]
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What is 'zero'?
This much funding is available to clean tech SMEs as part of the Climate Tech Strategy (rounded to the nearest million)
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What are NRCan, Finance Canada and the CRA?
These three federal organizations are involved in administering the Class 43.1/43.2 tax incentives
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Who is the Minister of Intergovernmental Affairs, Infrastructure and Communities
Along with the Ministers of NRCan and PSPC, the third Minister with a mandate for Buy Clean.
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What is "Demonstration"?
Along with Research and Development, this “D” is included in “RD&D”
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What is the Clean Tech Investment Tax Credit?
ECCC and NRCan worked together to advise finance on this tax incentive which was announced in the 2022 Fall Economic Statement
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What is 'the circular economy'?
A model of production and consumption which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible.
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What is 2/3 or 66%?
While the International Energy Agency estimates that 50% of global greenhouse gas (GHG) emissions reductions by 2050 will need to come from technologies that are still in early stages of development and are not yet commercially ready, for Canada, this need could be as high as this percentage (i.e. greater than 50)?
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