Canada’s Building Trades Unions (CBTU) applauds the tabling of legislation to implement the Fall Economic Statement, and the game-changing labour requirements for Investment Tax Credits (ITCs) for green technologies contained within it.
CBTU has advocated for these measures for the last year. They are a critical step forward for Canada’s construction workers, employers, and the economy.
The Investment Tax Credits will be available for investments in clean technology, clean electricity, clean hydrogen, and carbon capture. To be eligible to receive the maximum ITC, employers must adhere to a definition of prevailing wage that is based on multiemployer collective agreements and have at least 10% of work hours to be performed by apprentices.
These measures will help Canada remain competitive with the US and the Inflation Reduction Act that was passed in 2022. “Building Trades members are at the forefront of Canada’s transition to net-zero energy, and the Investment Tax Credits will facilitate important projects that our members stand ready to deliver,” said Sean Strickland, Executive Director of Canada’s Building Trades Unions.
