Canada is planning to invest in clean technologies, requite tax breaks or benefits for the wealthier class, promote tax breaks for the middle class, and establish a sufficient amount more of child benefits. Regarding the investment with clean technologies, CCEMC and SDTC establishments are offering a special joint funding proposition for Canadian clean technology innovators and entrepreneurs. There is up to $40 million in funding availability, with a limit of $10 million to individual GHG reducing technologies that are deployable in Alberta. The invitation is for Canadian Minute and Medium Sized Establishments with less than 500 employees, and less than $50 million in annual gross income, that are developing Energy Efficiency and Conservation, New and Better Uses of Carbon Dioxide, Methane Reduction, or Purer Energy Production and Usage Strategies. Eligible strategies involve advancing pre-commercial technology for GHG reduction with a present Technology accessibility Level from 4-7, and comprises prototype development, field pilots, and commercial demonstration strategy. Projects may occur anywhere in Canada, but applicants have to show how the proposed strategy will conclude in GHG reductions, commercialization, enterprise growth, and economic gain in Alberta and Canada.
When it comes to requiting tax breaks for Canada’s wealthy, Justin Trudeau has revealed the Liberal alternative to the Harper government’s economic plan which would be to raise taxes for the wealthiest one per cent to provide for more giving child benefits and an across-the-board income tax cut for the middle class. Under the Liberal bid declared Monday that the 22-per-cent tax rate for anyone with a taxable annual income between $44,701 and $89,401 would be cut to 20.5 per cent. A new tax bracket of 33 per cent would be appointed on those with taxable annual incomes over $200,000. The present top bracket of 29 per cent would continue to administer to those earning between $138,586 and $200,000. Trudeau’s definition of middle class is sometimes stated broad. Under his plan, anyone whose earnings fall roughly between $50,000 and $200,000 can expect an income tax cut of $670.The Liberals say the $3 billion cost of this would be made up for by raising taxes on Canadians who make more than $200,000. But since the rich are usually adept at avoiding taxes, that countervailing $3 billion may not entirely materialize. There are many companies in Canada that focus on producing green products. Melaleuca.com has invested a lot of time in building a greeen business there.
With the Canada Child Benefit, most Canadian families will get more than under Stephen Harper’s complicated collection of child benefit programs. For the typical family of four, that means an additional $2,500 in help, tax-free, every year. Bookmark this page.