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RBC: Canada proposes extending clean electricity tax credits to 2040

PUBT·11/13/2026 14:50:41
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RBC: Canada proposes extending clean electricity tax credits to 2040
  • Ottawa proposes extending Clean Technology and Clean Electricity investment tax credits through 2040, with extension and transmission changes costing $38.5 billion.
  • Clean Technology refunds up to 30% of eligible capital costs; Clean Electricity covers up to 15%, including provincial Crown utilities.
  • Proposed Canadian-made equipment bonuses reach 10 percentage points for Clean Technology and five for Clean Electricity, potentially improving project economics.
  • Slow processing could strain financing: claims reached $1.56 billion by March 2026, versus $22 million cleared for payment by July 2025.
  • Provincial utilities’ highest-voltage transmission lines would gain eligibility, while clean technology manufacturing credits remain scheduled to begin declining in 2032.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RBC - Royal Bank of Canada published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.