Etienne Rainville, Clean Prosperity Vice President for Central Canada, made the following statement:

“The federal government made the right move in Budget 2026 by recommitting Canada to the objective of electrifying our economy.

“We’re pleased to see Budget 2026 extend the federal Clean Technology and Clean Electricity investment tax credits out to 2040.

“The federal government made the right move in Budget 2026 by recommitting Canada to the objective of electrifying our economy.”

Etienne Rainville, Vice President, Central Canada, Clean Prosperity

“Clean Prosperity recommended the extension of these investment tax credits for the purpose of supporting the expansion of provincial electricity grids. Expanding grids to meet rising demand for electricity will be a decades-long project.

“The changes announced in the budget will be critical to the long-term buildout of a clean and resilient electricity grid. Importantly the budget goes beyond interconnecting provincial grids and also seeks to support provinces in building their internal transmission infrastructure.

“Decarbonizing doesn’t have to mean higher costs, and measures like these help Canada build the grid it needs without leaving households with the bill.

“We encourage the government to build on the commitments in Budget 2026 by implementing additional measures to electrify and decarbonize heavy industry, in addition to the budget measures targeted at sectors like transport and home heating.”