Lower Taxes For Clean Tech Businesses

We will cut corporate taxes in half for businesses that develop technologies or manufacture products that have zero emissions.

50% tax cut for some clean tech businessesThe market for clean technology – which uses renewable energy and emits less pollution – is expected to exceed $2.5 trillion by 2022. That’s good news for our economy, and for our environment.

To take advantage of this opportunity to attract and grow businesses that will help us meet the ambitious goal of achieving net-zero emissions by 2050, we will cut in half the corporate tax paid by companies that develop and manufacture zero-emissions technology. These lower taxes will create a strong incentive for businesses to set up shop in Canada, and help make Canada a true world leader in zero-emissions clean tech.