• C-269 (45-1) - An Act to amend the Income Tax Act (heat recovery tax credit)

  Source: Parliament of Canada (LEGISinfo)
  Date: 2026-11-02 11:03:41.0
  Tags: [National, Taxation, Energy, Environment, Climate, Industry]

  Private Member's Bill C-269, titled An Act to amend the Income Tax Act (heat recovery tax credit), was introduced in the House of Commons by Conservative Member of Parliament Greg McLean (Calgary Centre) on March 12, 2026. The legislation aims to establish a federal heat recovery tax credit under the Income Tax Act to incentivize energy waste reduction through industrial and commercial heat capture. The bill reached second reading stage in the House of Commons, with major debate speeches delivered by sponsor Greg McLean, Liberal Member Ryan Turnbull, and Bloc Québécois Member Marilène Gill on June 15, 2026, followed by further debate on November 2, 2026.

  Read Original

• Ottawa’s giant tax write-off could win over investors for oilsands carbon storage project: industry

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-09-15 23:36:03.0
  Tags: [National, Alberta, Energy, Environment, Taxation, Industry]

  Prime Minister Mark Carney proposed a productivity mega deduction at the Canada Investment Summit in Toronto, allowing businesses to deduct the full cost of new equipment and long-term assets in their first year. Industry representatives from the Pathways Alliance, including President Kendall Dilling, stated this federal tax policy addresses a crucial hurdle for financing the alliance's multi-billion-dollar carbon capture and storage project in Alberta. The Pathways Alliance project aims to cut approximately six million tonnes of emissions annually and is targeting a November 15 memorandum of understanding deadline for final binding agreements, with pipeline construction projected around 2030.

  Read Original