Department of Finance Canada
Today, the Department of Finance released for public comment draft legislative proposals (and related explanatory notes) that would implement Budget 2024's Electric Vehicle (EV) Supply Chain investment tax credit.
Budget 2024 announced a refundable EV Supply Chain investment tax credit equal to 10 per cent of the capital cost of eligible building property used in qualifying electric vehicle supply chain segments. The details of the credit were announced in the 2024 Fall Economic Statement.
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