Ottawa Handing 10-Year, $2 Billion Tax Break to Battery Makers, Records Show

Ottawa Handing 10-Year, $2 Billion Tax Break to Battery Makers, Records Show
Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks during a news conference in Ottawa on Nov. 7, 2023. The Canadian Press/Adrian Wyld
|Updated:
0:00
Finance Minister Chrystia Freeland is handing a 10-year tax holiday worth $2.1 billion to electric auto battery manufacturers, government documents show.
Government amendments to Income Tax Act regulations grant the decade-long tax waiver to battery factories on top of the billions in subsidies they are already receiving. 
Related Topics