Bill Detail
An Act to amend the Income Tax Act (heat recovery tax credit)
This enactment amends the Income Tax Act to provide a tax credit to certain businesses that acquire qualifying heat recovery equipment to recover heat produced by industrial processes and convert it in order to generate energy.
✦ AI Summary
This bill, Bill C-269, proposes to introduce a new tax credit for businesses that invest in heat recovery equipment. This equipment would capture heat generated by industrial processes and convert it into usable energy. The aim is to encourage businesses to adopt more energy-efficient technologies, reducing waste heat and potentially lowering their energy costs and environmental impact.
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