Discussion · Private Members' Business
Greg McLean Conservative
“The government expected to spend 103 billion dollars on investment tax credits, but it has only spent 22 million dollars so far. This bill would add 83 megawatts of power to the grid. The new power it creates would likely pay for the cost of the tax credit.”
“Madam Speaker, that is a complex question, but I appreciate it, because we have to model this somehow. We talked about the credits that exist. The government expected $103 billion for its investment tax credits. Of that, only $22 million has been allocated so far. This one would bring about 83 megawatts of power into the grid. The production of extra power for this would probably offset the credit that the government would have to take out of its revenue.”
Official Hansard
Madam Speaker, that is a complex question, but I appreciate it, because we have to model this somehow. We talked about the credits that exist. The government expected $103 billion for its investment tax credits. Of that, only $22 million has been allocated so far. This one would bring about 83 megawatts of power into the grid. The production of extra power for this would probably offset the credit that the government would have to take out of its revenue.