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18 November 2024

Americas Tax Roundup | 18 November 2024

 
 

A weekly summary of the top weekly tax news, trends
and developments in the Americas

 
 
      
 

     This week's tax news from the Americas

  • Canada | Update on clean technology and clean hydrogen investment tax credits
    Canada’s Department of Finance recently released for public comment draft legislative proposals on the clean technology investment tax credit (ITC) and the clean hydrogen ITC. The clean technology ITC rules and clean hydrogen ITC rules were enacted in June 2024, as part of Bill C-59, Fall Economic Statement Implementation Act, 2023, and Bill C-69, Budget Implementation Act, 2024, No. 1, respectively. The draft legislative proposals include the expansion of the clean technology ITC to include certain equipment that is part of a system that generates electricity or heat (or both) from waste biomass, as first announced in the 2023 Fall Economic Statement. The draft legislative proposals also include various technical amendments to clarify and expand the clean hydrogen ITC.
  
 
 

     This week's newsletters

  • Tax Matters @ EY - November 2024
    TaxMatters@EY is a monthly Canadian summary to help you get up to date on recent tax news, case developments, publications and more.
  
 
 

     Upcoming EY webcasts

     Post-election webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

     Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  
 
 

 
     This week's EY Global Tax Alerts

     Africa

     Asia

     Europe

  
 
 
 

Additional resources

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Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com.

 
 
 
 

About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnel.

 
 

Document ID: 2024-2096

 
 

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