Move forward on Canada’s six major investment tax credits (ITCs) that support clean energy and technology • YouBetcha

Current Status

Status: Not Started No concrete actions have been taken by the Carney government to advance these specific investment tax credits since taking office.

Background

Investment tax credits (ITCs) for clean energy and technology have been a cornerstone of Canada’s economic and environmental strategy, aiming to incentivize private sector investment in sustainable industries. Mark Carney, during the 2025 federal election campaign, pledged to move forward on six specific ITCs to bolster sectors like carbon capture, clean hydrogen, and electric vehicle supply chains. Fulfilling this promise would require legislative amendments, regulatory frameworks, or funding allocations to ensure these credits are accessible and effective for businesses. Under the previous Trudeau government, several of these ITCs were introduced or proposed in budgets like 2023, setting a foundation that Carney’s administration would need to build upon with distinct actions.

Evidence

As of March 11, 2026, there is no documented evidence of specific, tangible actions taken by the Carney government to advance the six named investment tax credits. While Budget 2025 announcements on November 7, 2025, outlined broad plans to mobilize investment through targeted tax incentives, no specific measures or legislative steps were detailed for the Carbon Capture, Utilization, and Storage ITC, Clean Technology ITC, Clean Electricity ITC, Clean Hydrogen ITC, Clean Technology Manufacturing ITC, or Electric Vehicle Supply Chain ITC [5]. A subsequent release on November 13, 2025, focused on nation-building infrastructure projects and mentioned carbon capture strategies in a general context, but again lacked direct reference to the implementation or expansion of these ITCs [7]. No bills, regulations, or funding allocations tied to these credits have been introduced by the Carney administration based on available sources.

Assessment

Mark Carney’s government has yet to deliver on the promise to move forward on the six specified investment tax credits for clean energy and technology. While Budget 2025 signals an intent to prioritize investment in sustainable sectors, the absence of concrete steps—such as legislation, regulatory changes, or detailed program rollouts—means there is no measurable progress on this commitment. Canadians looking for action on these critical economic and environmental tools will need to watch for more substantive developments beyond the initial rhetoric of the new administration.

With no specific actions tied to these ITCs in the first months of Carney’s tenure, the government has not yet translated campaign promises into policy reality. The broad strokes of Budget 2025 are a starting point, but they fall short of the targeted advancement pledged for these six credits. Until firm steps are taken, this promise remains unfulfilled, leaving a gap in the government’s clean economy agenda.

Current Status

Background

Evidence

Assessment

Sources