Minister says tax credits will spur investment to expand electricity grid

OTTAWA — Environment Minister Julie Dabrusin says she’s confident the billions of dollars in tax credits in the new federal budget will encourage private investment to build out Canada’s electricity grid.

Thursday’s federal budget committed $50 billion to help implement Ottawa’s electricity strategy, which looks to double the size of the grid by 2050.

More than $38 billion of that sum is tax credits the government says will stay in place until 2042.

Speaking to The Canadian Press on Thursday, Dabrusin said the measures came from government consultations on the electricity strategy.