Bill C-269
Defeated
An Act to amend the Income Tax Act (heat recovery tax credit)
This bill would create a new tax credit for businesses or individuals who install heat recovery systems that capture and reuse waste heat from industrial or commercial processes.
Sponsor · Greg McLean
What it means for you
Businesses investing in heat recovery technology would pay less tax, making it cheaper to adopt energy-efficient equipment that reduces energy costs and emissions.
The debate · 1 points
Critics say
- The federal government already has a $400-million program, SHIFT, to improve energy efficiency in industrial facilities, so a separate tax credit for heat recovery equipment may be unnecessary.
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