Tax incentives making renewable energy more attractive for some

The Government of Canada is set to announce the new budget for the federal government.

While what is in that document will have a major impact on many people, a Saskatchewan man involved in the solar power industry in Saskatchewan wants to remind people about a tax write off which was put on the books during the fiscal update last fall and has gone relatively unnoticed.

The changes allow for businesses to write off 100 percent of the costs of certain kinds of renewable energy equipment which were purchased after Nov. 20, 2018, and will be going into service before 2028. The write-offs will also be redeemable in one year as opposed to being stretched out over a longer period of time.

More Stories From Around the Web: