15 h. ago Solar Stocks Fall After Trump Orders Limit to Green Tax Credits

Shares of US solar companies fell after President Donald Trump called for new rules that would limit access to tax incentives for renewable energy projects that had already been pared back by a $3.4 trillion budget bill.

Economics

19 h. ago Ontario residents are about to get payouts from the government

Ontario residents may want to check their bank accounts this week, as the monthly Ontario Trillium Benefit (OTB) payments are scheduled to be distributed.Eligible Ontario residents who are registered to receive the payment can expect to see the deposit in their bank account on Thursday, July 10.Payments are usually issued on the 10th of the month; however, if payment dates fall on a weekend or bank holiday, payments are deposited on the last working day before the 10th.Are you eligible for the Ontario Trillium Benefit?The OTB is a tax-free combination of three payments: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.You must be eligible for at least one of the payments to receive monthly payments.You could get a maximum of $1,283 for the Ontario Energy and Property Tax Credit if you're between 18 and 64 years old, $1,461 if you are 65 or older, $285 if you live on a reserve or in a public long-term care home, and ...

Politics

30 h. ago B.C. boosts tax credit for developers of video games, virtual reality simulators

Finance Minister Brenda Bailey said the measures will help B.C. grow its 'knowledge economy'

Economics

41 h. ago Some Canadians will get bigger payouts from the government this week

Canadians who are eligible for the Advanced Canada Workers Benefit (ACWB) will get larger payments from the government starting this week.The ACWB is an advanced payment of the Canada Workers Benefit (CWB), a refundable tax credit that eligible individuals can claim on their tax return.The benefit is supposed to help individuals and families who are working and earning a lower income.Canadians who are eligible for the CWB on their tax return will get advanced payments of up to 50 per cent of the CWB through the ACWB. These are paid out automatically three times throughout the year.The federal government usually deposits the money into bank accounts on the 12th, but since it falls on a Saturday in July, the next payment is scheduled for Friday, July 11.You are eligible if:You're over 19 years old on December 31, or live with a spouse or common-law partner or your child,You're a resident of Canada throughout the year, andYou're working but earning less than the&n...

Politics

3 d. ago How Trump’s ‘big, beautiful bill’ impacts Canada and the clean energy push

Experts say the bill, which cuts billions of tax credits for clean energy and electric vehicles, end a brief era where the U.S. and Canada were moving in the same direction.

Other

3 d. ago Ghost Factories Are a Warning Sign for Green Manufacturing’s Future

Rollbacks of clean-energy credits in Trump’s tax bill add to the sector’s challenges as project cancellations rise.

Economics

6 d. ago Larger GST cheque being issued to eligible Canadians this week

Eligible Canadians are receiving more money from the government, with a larger GST payment scheduled to be issued this week.The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a quarterly tax-free payment issued by the Canada Revenue Agency (CRA). The previous GST payment was issued on April 4, and the next payment will be deposited into Canadians' accounts on Friday, July 4. However, the upcoming payment will include a 2.7 per cent increase.According to the government, the payment helps individuals and families with low and modest incomes offset the GST or HST that they pay.Are you eligible?You're generally considered eligible for the GST/HST credit payment if you're at least 19 years old and a Canadian resident for tax purposes a month before the CRA makes the payment and at the beginning of the month.Canadians who are under 19 years old must meet at least one of the following criteria during the same period:You have (or had) a spouse or commo...

Other

6 d. ago In a big bill that hurts clean energy, residential solar likely to get hit fast

WASHINGTON (AP) — As Republicans in Congress rushed forward with a massive tax and spending cut bill, a North Carolina renewable energy executive wrote to his 190 employees with a warning: Deep cuts to clean energy tax credits were going to hurt. “(The changes) would almost certainly include the loss of jobs on our team,” […]

Other

6 d. ago Want Cheaper Solar Panels, Home Batteries or a Heat Pump? Better Act Soon

Trump’s tax bill passed by the Senate would end some clean energy tax credits after Dec. 31. Homeowners and installers are racing to meet the deadline.

Science

8 d. ago Senate Republicans Seek to Ease Solar and Wind Tax Credit Cutoff

A group of Senate Republicans is pushing a plan to soften an aggressive planned phase out of subsidies for wind and solar projects under President Donald Trump’s tax-and-spending package.

Economics

1 week ago Musk rages as Trump tax bill slashes electric vehicle credits

(Bloomberg) — Elon Musk slammed the U.S. Senate’s latest version of President Donald Trump’s multi-trillion dollar tax bill Saturday, raging online that the cuts to electric vehicle and other clean energy credits would be “incredibly destructive” to the country. Musk, the chief executive officer of Tesla Inc. and SpaceX, posted on his social media platform […]

Economics

1 week ago Battery Storage Is at Risk of a 29% Slump on Trump’s Energy Policy, WoodMac Says

The US energy storage market is at risk of shrinking 29% next year if Republican lawmakers move forward with severe cuts to tax credits for the technology, according to a report from Wood Mackenzie and a clean-power lobbying group.

Events

2 w. ago Solar Stocks Soar as GOP Mulls Changes to Tax Credits in Bill

Shares of solar companies surged after a Republican Senator said lawmakers are discussing changes to a provision in President Donald Trump’s broad spending bill that would abruptly end tax credits for rooftop panels.

Economics

2 w. ago Battery CEO Says US Senate’s Clean Energy Bill Is ‘Workable’

Battery storage company Fluence Energy Inc. said it can work with US Senate Republicans’ latest version of President Donald Trump’s fiscal package, which would preserve tax credits for the industry while gutting incentives for wind and solar power.

Other

2 w. ago Ford Escalates Battery Job Warnings as Congress Mulls EV Cuts

Ford Motor Co. intensified its campaign to preserve clean energy manufacturing subsidies Monday, warning jobs at its electric-vehicle battery plant in southwestern Michigan could be at risk if Republicans in Congress pare back tax credits in President Donald Trump’s multi-trillion dollar economic package.

Other

2 w. ago Support for solar energy and offshore wind falls among Democrats and independents, AP

Americans’ support for green energy tax credits and renewable energies like wind and solar power has decreased in recent years, according to a new poll, driven by a softening in support from Democrats and independents. The poll from The Associated Press-NORC Center for Public Affairs Research finds that U.S. adults’ support for tax credits for […]

Other

2 w. ago Jamie Golombek lays out everything you need to know about the new Canada Disability Benefit

Applications for the much anticipated CDB open on June 20, as long as you are approved for the tax credit

Other

3 w. ago Wind, Solar Credits Set to End Earlier in Senate GOP Tax Bill

Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, dashing hopes of those seeking relief from major cuts passed by the House.

Economics

3 w. ago Some Canadians receiving increased GST credit payments next month

Some Canadians can expect to receive an increase in GST credit payments from the federal government soon.The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a tax-free quarterly payment, but this time it will include a 2.7 per cent increase.According to the government, the credit payment aims to help families with low and modest incomes offset the taxes they pay.If you’re eligible, you'll see the new amount in your bank account on Friday, July 4.Who's eligible for the payment?The government says you're generally eligible for the payment if you're at least 19 years old and a Canadian resident for income tax purposes a month before the Canada Revenue Agency (CRA) makes the payment at the beginning of the month.If you are under 19 years old, the government says you must meet at least one of the following conditions during the same period:You have (or had) a spouse or common-law partnerYou are (or were) a parent and live (or...

Economics

4 w. ago Credit rating agency says Manitoba’s recent tax changes outweigh affordability offers

The Manitoba government is expected to use more "revenue levers," similar to its recent income and property tax changes, as part of its plan to reduce the deficit.

Economics