2025 Canadian Budget: Grants & Funding for Canadian Businesses

The budget expands the Clean Economy Investment Tax Credits to widen eligibility for Clean Electricity and CCUS credits, and introduces a Biofuels Production Incentive of $373 million over two years to aid biodiesel and other renewable fuel producers. Tax professionals and business owners should review new eligibility criteria, documentation requirements for these credits, and the 2-year funding window to ensure timely application and compliance; stay tuned for CRA guidance on filing deadlines and reporting.