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Hot Sector News
WHEN IT COMES TO BUILDING this clean energy economy, organizations such
as CleanTech North are raising awareness about the incentives and opportunities
available to support companies across the country.
Bryan Watson, Managing Director of Cleantech North recently gathered a panel of
experts to discuss the state of a昀昀airs for Clean Economy Tax Credits, o昀昀ering valuable
insights and key takeaways on complicated policies. The panel included: Martha
Breithaupt, Partner, BDO Canada; Jonathan Garbutt, Barrister & Solicitor, Dominion
Tax Law; Je昀昀 Keats, National Cleantech Lead - Ecosystems and Market Intel, EDC; and,
Martin McLaughlin, Partner, Incentives and Capital Investments, EY.
“We’re seeing this great elbows up, Team Canada approach. EDC launched our trade
impact program at the start of the tari昀昀 situation. This
is $5 billion we’re expecting to deploy over the next
few years if this economic uncertainty continues,”
said Keats, who explained that it is provided by EDC’s
program, not taxpayer dollars or government dollars.
He explained the bene昀椀ts of accounts receivable
insurance, various loan guarantees free of working
capital, access to more capital, and foreign exchange
CLEAN ECONOMY TAX CREDITS
guarantees to get more hedging facilities.
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