The Canadian Department of Finance has announced the release of the Budget 2026 on 5 November 2026 (Budget Day). The main business income tax measures of the budget are summarized as follows:
Clean Electricity and Clean Technology Investment Tax Credits
It is proposed to extend the Clean Electricity and Clean Technology investment tax credits for eligible property becoming available for use before 2041, with the final-year reduction for clean technology pushed to 2040. Additionally, elig…