• Feature Articles
  • Digital Issues
  • News
  • Events
  • Products
  • Subscribe
  • Advertise
  • Videos
Facebook Twitter Instagram
Trending
  • Skilled trades professionals prioritized via Canada’s Express Entry program
  • Enercare expands into B.C.
  • Centennial College debuts new zero carbon building
  • CABA changes its name to ASHB
  • Starting a business 101
  • Compressors and compression ratios
  • Heat pumps are the ideal system to retrofit central air conditioners, according to new report
  • Quiet condensing unit
Facebook Twitter Instagram LinkedIn YouTube
Plumbing & HVAC
  • Feature Articles
  • Digital Issues
  • News
  • Events
  • Products
  • Subscribe
  • Advertise
  • Videos
Plumbing & HVAC
You are at:Home»News»Feds promise tax break for efficient equipment

Feds promise tax break for efficient equipment

0
By Plumbing & HVAC Staff on January 30, 2019 News

Homeowners who invest in efficiency-related technology and clean energy equipment will soon get a tax break, according to the federal government’s Fall Economic Statement, reports the Heating, Refrigeration, and Air Conditioning Institute of Canada (HRAI).

Specific clean energy equipment will be eligible for an immediate and full write-off. Investments in other types of equipment, including efficiency-related technology, will be eligible for accelerated write-offs. These tax reforms represent an investment of $14.4 billion in clean energy technology, reported federal finance minister Bill Morneau.

This will allow businesses to immediately write off the full cost of related machinery and equipment used in the manufacturing and processing. It will also include specified clean energy generation and energy conservation equipment.

The former could enable energy efficiency upgrades in the manufacturing sector, while the latter includes technologies such as co-generation, solar heating, heat recovery equipment, geo-exchange and district energy systems.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFeds move forward on prompt payment
Next Article Montreal show returns

Related Posts

Skilled trades professionals prioritized via Canada’s Express Entry program

Enercare expands into B.C.

Centennial College debuts new zero carbon building

Comments are closed.

TWITTER
Tweets by Plumbing_HVAC_
About
About

Plumbing & HVAC

Canada's largest and most qualified circulation to the mechanical trades.

Subscribe Now!

Recent Posts
September 22, 2023

Skilled trades professionals prioritized via Canada’s Express Entry program

September 21, 2023

Enercare expands into B.C.

September 20, 2023

Centennial College debuts new zero carbon building

Pages
  • Advertise
  • eNewsletter
  • Feature Articles
  • Get in Touch
  • News
  • Products
  • slider test
  • Subscribe
  • Videos
Copyright © 2021 Plumbing & HVAC all rights reserved | Designed and Developed by Upnorthwebs

Type above and press Enter to search. Press Esc to cancel.