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OTTAWA — The Government of Canada has introduced a series of tax incentives designed to encourage investment in environmentally sustainable businesses. The announcement, made by Finance Minister Chrystia Freeland, aims to promote clean energy adoption, reduce carbon emissions, and support economic growth in emerging green industries.
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The tax incentives include accelerated depreciation for energy-efficient equipment, tax credits for renewable energy projects, and deductions for businesses implementing environmentally responsible practices. Eligible sectors include renewable energy, energy storage, sustainable agriculture, and environmentally friendly manufacturing.
