The Government of Canada is today launching a series of consultations with Canadians on Budget 2023 measures to grow the clean economy; create new opportunities for workers; strengthen the government's ability to fight money laundering and terrorist financing; modernize multinational business taxation to ensure tax fairness for Canadians and Canadian businesses; and consolidate Canada Mortgage Bonds into the Government of Canada's regular borrowing program, in order to redirect savings to affordable housing programs.
Canadians are invited to share their views and feedback on the proposed measures as the government works towards implementation of these previously announced priorities.
The government is also seeking views on RBC's proposed acquisition of HSBC Bank Canada.
Growing Canada's Clean Economy was a central pillar of Budget 2023, including a list of clear and predictable investment tax credits. The government is seeking feedback on design details for the:
- New, refundable Clean Electricity Investment Tax Credit and Clean Technology Manufacturing Investment Tax Credit;
- Clean Hydrogen Investment Tax Credit, announced in the 2022 Fall Economic Statement;
- Clean Technology Investment Tax Credit, introduced in the 2022 Fall Economic Statement; and
- Proposed enhancements to the Investment Tax Credit for Carbon Capture, Utilization, and Storage, which were introduced in Budget 2023.
