CPA Submits Comments on Canadian Investment Tax Credits

On September 10, CPA submitted comments on proposed amendments to the Income Tax Act and Income Tax Regulations that would expand the Clean Electricity and Clean Technology Investment Tax Credit (ITC) programs to include waste biomass electricity and heat generating systems. CPA’s comments support expanding eligibility under the Clean Technology ITC for the use of waste biomass to generate heat or heat and electricity within the forest products sector and biofuel production provisions. CPA does not support expanding eligibility under the Clean Technology or Clean Electricity ITCs to include use for stand-alone electricity production. See CPA Comments. More Info: Kevin Warkentin