Remove 2031 Remove accounting principles Remove accounting standards
article thumbnail

2022 Federal Budget Highlights

DMCL

for eligible transportation storage and use equipment with lower tax credit rates applicable from 2031 to 2040. The tax credit rates are 60% for eligible capture equipment used in a direct air capture project, 50% for all other eligible capture equipment and 37.5% Elimination of some impacts of the new IFRS 17.