Federal Budget 2018
February 27, 2018
The Canadian Wind Energy Association (CanWEA) applauds the federal government for acting to extend support for clean energy investment to 2025.
Ottawa, Ontario, February 27, 2018 – Robert Hornung, President of the Canadian Wind Energy Association (CanWEA) made the following statement following the release of the 2018 Federal Budget.
“The Canadian Wind Energy Association commends the federal government for extending the ability of investors to utilize Class 43.2 of the Income Tax Act by five years, from 2020 to 2025.
This fiscal measure allows investors to accelerate deductions of eligible capital costs associated with clean energy generation. This helps renewable energy developers to lower their costs, benefitting ratepayers as Canada strives to meet its climate change targets through increased use of non-greenhouse gas emitting electricity generation like wind energy.
Combined with other measures and policies that have been implemented by the federal government, this announcement is supporting Canada’s transition to a low carbon future.”
About the Canadian Wind Energy Association
CanWEA is the voice of Canada’s wind energy industry, actively promoting the responsible and sustainable growth of wind energy. A national non-profit association, CanWEA serves as Canada’s leading source of credible information about wind energy and its social, economic and environmental benefits. Join us on Facebook, follow us on Twitter and LinkedIn. Learn more at canwea.ca.
For more information or for interview opportunities, please contact:
Lejla Latifovic, Senior Communications Advisor
Canadian Wind Energy Association
613-234-8716 x 241, or 1-800-922-6932 x 241