The newly re-elected federal minority Liberal government has indicated that it will present a 2025 fall budget. Moderating inflation hasn't fully eased Canadians’ cost-of-living concerns or housing affordabilit
The budget also included the announcement of a 30% Investment Tax Credit for Clean Technology Manufacturing for investments in new machinery and equipment used to manufacture or process key clean technologies, and extract, process, or recycle key criticalminerals. The manufacture of nuclear energy equi...
Budget 2022 proposes the introduction of a new exploration tax credit: the Critical Mineral Exploration Tax Credit (the “CMETC”). A flow-through shareholder may claim a CMETC equal to 30% of expenditures (i) incurred as part of an exploration project targeting certain specified minerals, and...
OTTAWA — Canada’s universities are furious that last week’s federal budget included no new funding for basic research, warning that the country is squandering its l…
Budget 2023 proposes to introduce a refundable investment tax credit for clean technology manufacturing and processing, and critical mineral extraction and processing, equal to 30% of the capital cost of eligible property associated with eligible activities. A 20% rate would still be available to busi...
Budget 2024 acknowledges that production of qualifying material(s) may occur at projects engaged in the production of multiple minerals (polymetallic projects) and proposes adjustments to the Clean Technology Manufacturing ITC to clarify that the value of qualifying material shall be used as the output...
Associate Minister of Finance Randy Boissonnault said last week's federal budget will put Canada on the front lines of a new economy.
Hours after Trump’s inauguration Monday, the Senate Homeland Security and Governmental Affairs Committee met to advance the nominations of Russell Vought and Kristi Noem to lead the Office of Management and Budget and the Department of Homeland Security, respectivel...
The test for 17-year-olds hasn’t been done since 2012 because of budget constraints. Its elimination will affect the collection of long-term data on how older students are progressing. The tests are part of the National Assessment of Educational Progress. The...
In other government employee news, the White House announced ahiring freeze for executive branch agencies other than the militaryand asked the director of the Office of Management and Budget to prepare a plan to “reduce the size of the Federal Government’s workforce through efficiency ...