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Canada unveils hydrogen tax credit detail

Richard Heap
March 30, 2023

The Canadian Government has revealed further details of its plan for a green hydrogen tax credit as part of a broader programme to support clean energy.

In its 2023 Budget this week, the government announced that 'clean hydrogen' projects would receive a tax credit equivalent to between 15% and 40% of eligible project costs, with the 'greenest' projects set to receive the most support.

It also gave further details of a Clean Electricity Investment Tax Credit, to support projects including renewables production and energy storage; and a Clean Technology Manufacturing Investment Tax Credit.

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