Fiscal Incentives for Canada’s Clean Economy: Highlights from the 2023 Federal Budget

Global Risk Institute

Ottawa Canadian Parliament bulidng on a sunny day

About this Summary

Deputy Prime Minister and Minister of Finance, Chrystia Freeland, delivered Made-in-Canada Plan (Budget 2023) on March 28, 2023. Budget 2023 is influenced by a range of factors, including:

  • Clean energy incentives
  • Clean manufacturing incentives
  • Clean technologies research incentives
  • Attracting private capital for Canada’s clean economy 
  • Labour Protections and fair distribution of benefits

The budget allocates significant funds towards clean electricity, a crucial element for a sustainable economy. It seeks to establish a national electrical grid from coast-to-coast, providing Canadians with cleaner and more affordable electricity, thereby positioning the country as a leader in clean energy.