Executive summary
Canada’s 2021 federal budget proposed an investment tax credit for businesses that incur eligible expenditures related to carbon capture, utilization and storage (CCUS) as part of the Federal Government’s overall plan to achieve net-zero emissions by 2050.
On 7 June 2021, the Department of Finance launched consultations with stakeholders. EY participated in the consultation period, which closed on 2 December 2021.
Budget 20221 announced an updated version of the credit. …