All told, our Investment Tax Credit for Carbon Capture, Utilization, and Storage as well as our Investment Tax Credit for Clean Hydrogen will provide up to $400 million in support of this project. That is money that is going to be delivered up-front, to get shovels in the ground on a truly, first-of-its-kind, best-in-class, world-leading facility.
We are also introducing labour requirements to our Clean Technology, Clean Hydrogen, Clean Electricity, and Carbon Capture, Utilization, and Storage investment tax credits. These requirements are about ensuring that Canadian workers directly benefit from our investment tax credits by requiring businesses who take advantage of these credits to pay a prevailing union wage and to create apprenticeship opportunities if they want to receive the maximum level of benefit from these tax credits.
This legislation is part of our government’s economic plan, which is about building an economy that works for everyone—with good jobs that people can count on.
We’ll keep working—day after day, week after week, month after month, and year after year—to build the homes that Torontonians—and all Canadians—need, expect, and deserve.
| Canadian Radio-television and Telecommunications Commission
| speeches
Earlier this year, we set out three priority areas for the CRTC. First, promoting competition to deliver reliable and high-quality Internet and cellphone services to Canadians at lower prices. Second, modernizing Canada’s broadcasting system to promote Canadian and Indigenous content. And third, improving the CRTC to better serve Canadians.
By helping to make it more sustainable, our government is helping to ensure that the Brick Works can continue its educational work and become an even more treasured gathering space for the people of Toronto for generations to come.
Our government was elected on a promise to deliver for the middle class.
And our economic plan is focused on building an economy that works for everyone—with good jobs that people can count on.
