Canadian Energy Perspectives Developments in Energy and Power Law

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Canadian Energy Perspectives

Federal Budget Expands Tax Support for Clean Energy

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On February 27, 2018, Finance Minister Bill Morneau tabled in the House of Commons the Liberal Government’s third budget, Equality + Growth = A Strong Middle Class (“Budget 2018”).  Budget 2018 proposes to extend eligibility for accelerated capital allowance in Class 43.2 by five years so that it would be available for property acquired before 2025. Generally, investments in specified clean energy generation and conservation equipment may qualify for accelerated capital cost allowance rates by being included in either Class 43.1 (30% on a declining balance basis) or Class 43.2 (50% on a declining balance basis). The eligibility … Continue Reading