Federal budget includes green economy incentives

The federal unveiled its new budget this week, earmarking $20.9 billion over five years to “green” the economy. The bulk of those funds go to investment tax credits for clean energy. The document offers competition to incentives under the U.S. Inflation Reduction Act, which had the potential to attract investment away from Canada. In presenting the budget to the House of Common, finance minister Chrystia Freeland said it was part of an effort to make Canada the “very best place in the world for businesses to invest.”