Share on LinkedInShare on LinkedIn

ARTICLE · 09 MAY 2024

Canada's Clean Energy Future: Clean Hydrogen Tax Credit Recent Developments

Miller Thomson
Miller Thomson
Contributor

Miller Thomson

Miller Thomson LLP ("Miller Thomson") is a national business law firm with approximately 500...

View firm profile
Explore more from Miller Thomson

Canada continues to work toward a sustainable, low-carbon economy, using tax incentives to encourage investment in clean energy infrastructure.

CanadaEnergy and Natural Resources

Canada continues to work toward a sustainable, low-carbon economy, using tax incentives to encourage investment in clean energy infrastructure.

In the 2022 Federal Budget, the government announced that it would engage experts to establish investment tax credits ("ITCs") focused on net-zero technologies, battery storage solutions, and clean hydrogen.1 Following those consultations, details about several tax incentives have been announced. Key announcements were included in the 2022 Fall Economic Statement, 2023 Federal Budget ("Budget 2023"), 2023 Fall Economic Statement ("2023 FES"), and, most recently, the 2024 Federal Budget (the "Budget 2024").

This article provides a summary of recent developments regarding the clean hydrogen investment tax credit ("CH ITC").

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from