April 2, 2019
Clean growth represents an enormous market opportunity. While Canada has a promising cadre of cleantech firms poised for growth, lack of financing remains a major barrier to scale-up and commercialization, which has been further exacerbated by recent tax policy changes in the US that have reduced Canada’s historical corporate tax advantage. Targeted tax incentives such as an investor tax credit or flow-through shares may be able to jump-start Canada’s clean innovation ecosystem. They could help drive clean growth, in order to seize this market opportunity while responding to pressing environmental challenges.