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Monday 9 March 2020
PM Trudeau announces 100 per cent federal tax break for off-road EV purchases
Aimed at mining, agriculture businesses, new incentive allows complete write off of up to $55,000, until 2028.
Prime Minister Justin Trudeau announced this week that the federal government is introducing a tax break that gives Canadian businesses a 100 per cent tax write off for eligible off-road and heavy-duty electric vehicles, up to a maximum of $55,000.
Trudeau made the announcement Tuesday Toronto at the Prospectors & Developers Association of Canada conference. A number of mining companies involved in vehicle electrification, including MacLean Engineering, of Barrie, Ont., were on hand.
Read the whole news on electricautonomy.ca