Prime Minister Trudeau visits Simcoe County Honda plant to talk clean energy incentives | 24CA News
Prime Minister Justin Trudeau was in Alliston, Ont., Wednesday to speak in regards to the new tax incentives within the 2023 funds meant to encourage a greener native economic system.
Trudeau was on the Honda plant in Alliston to speak about new measures within the federal funds he stated will assist middle-class jobs and constructing clear vitality.
The Alliston Honda plant has been retooling its operations to construct hybrid-electric CR-Vs.
Read extra:
Budget 2023 gained’t gasoline inflation, however misses the larger financial image: specialists
“When it comes to clean energy and clean technology, Canada is a world leader. That’s why companies from around the world continue to choose Canada – and above all, Canadian workers – to grow their operations,” Trudeau stated.
In March 2022, the Government of Canada introduced a brand new federal funding of as much as $131.6 million, matched by the Government of Ontario, to assist Honda Canada retool its manufacturing operations in Alliston to construct hybrid-electric automobiles.
The new federal funds is proposing a number of tax credit the federal government stated would assist the creation of latest jobs and a made-in-Canada clear economic system.
Among the tax credit the brand new funds is proposing to introduce are a 15 per cent refundable Clean Electricity Investment Tax Credit and a refundable Clean Technology Manufacturing Tax Credit to cowl 30 per cent of investments in new equipment and tools used to fabricate or course of clear applied sciences.
“The investments we are proposing in Budget 2023 will help us continue to build an economy that works for everyone, with good middle-class jobs, while leaving a stronger, healthier future for our kids,” Trudeau stated.
© 2023 Global News, a division of Corus Entertainment Inc.
