On April 4, the Minister of Immigration, Citizenship, and Refugees, the Honourable Sean Fraser, visited Ionic Mechatronics in Lively, Ontario, to highlight clean investment tax credits as part of the commitments made in Budget 2023 to build Canada’s clean economy.
Budget 2023 delivers a series of significant investments to ensure that Canada’s clean economy can deliver prosperity, middle-class jobs, and more vibrant communities across the country, building on the foundation laid by the Government of Canada since 2015. These responsibilities are focused on three levels:
- investment tax credits with provisions to ensure that workers see the benefits
- low-cost strategic financing
- targeted investments to respond to the unique needs of sectors or projects of national economic significance
These incentives, taken as a whole, will encourage businesses to lower their emissions, advance the global clean economy, and generate new middle-class employment opportunities for Canadians.
Budget 2023 will contribute to the creation of a Canada that is more secure, more sustainable, and more affordable for people from coast to coast thanks to a responsible fiscal plan that will keep Canada’s deficit and net debt-to-GDP ratio among the lowest in the G7.