PwC Federal Budget instant reaction: new 'green' initiatives help promote
clean energy investments and technologies

TORONTO, March 4 /CNW/ - PwC tax specialists commented today:

Budget 2010 introduced certain measures today to drive Canada's position as an energy leader through encouragement of investment in energy projects and clean energy generation. The budget also includes measures to preserve Canada's natural heritage through environmental protection in the North and further protection of the Great Lakes.

Notable actions include:

    
      -  Establishing the Next Generation Renewable Power Initiative, with
         $100 million over the next four years to support the development,
         commercialization and implementation of advanced clean energy
         technologies in the forestry sector.
      -  Modernizing the regulatory system for project reviews, and
         supporting consultation with Aboriginal peoples on major resource
         projects.
      -  A 50% declining balance capital cost allowance for green energy
         including heat recovery and distribution systems and other clean
         energy generation assets.
    

A PwC Budget Flash with additional Budget highlights has been issued today followed by a detailed Budget Memo. For more information and detailed commentary on the Budget please contact, Kiran Chauhan, kiran.chauhan@ca.pwc.com, 416-947-8983 or visit www.pwc.com/ca/budget.

About PricewaterhouseCoopers LLP

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its related entities have more than 5,300 partners and staff in offices across the country.

"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate legal entity.

SOURCE PwC

For further information: For further information: Kiran Chauhan, (416) 947-8983, kiran.chauhan@ca.pwc.com

Organization Profile

PwC

More on this organization

FEDERAL BUDGET 2010

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890