It also gives C$1.28 billion over six years to several federal departments, including the Impact Assessment Agency, to speed the project approvals process; C$962.2 million over eight years to modernize the National Research Council; and C$802.1 million over three years for the Youth Employment and Skills Strategy.
“This investment tax credit will serve to benefit Canada’s mining industry in several ways as the deployment of zero emission vehicles and non-green-house gas emission solutions is accelerating across our sector,” Pierre Gratton, president and chief executive officer of the Mining Association of Canada, said in a news release. “This tax credit will support our sector in accomplishing its climate action priorities.”
Mark Zacharias, executive director at Vancouver-based Clean Energy Canada, a research group at Simon Fraser University, said the tax credit was a suitable response to the United States boosting its…
